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20 August 2024 | 8 replies
This comes in handy if things get funky and you need to make adjustments mid-loan.
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21 August 2024 | 5 replies
Also, as Jason Hartman says, inflation helps you pay off fixed rate debt as you pay it back with "worth-less"dollars over time--basically benefiting from a non-inflation adjusted, original purchase price in the distant past.To Your Success!
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21 August 2024 | 3 replies
Reinvestment/Expansion (10-20% of Income)Rule of Thumb: Allocate 10-20% of your income towards reinvestment in your business or properties.Why: This fund can be used for purchasing new properties, business expansion, or other growth opportunities, ensuring continued business development.Summary Breakdown:Mortgage Payments: 25-30%Operating Expenses: 30-35%Emergency Fund: 5-10%Capital Expenditures: 10-15%Paying Yourself: 10-15%Reinvestment/Expansion: 10-20%Adjust these percentages based on your specific circumstances, risk tolerance, and business goals.
20 August 2024 | 13 replies
This is not an automatic yes, it needs to be confirmed.
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20 August 2024 | 4 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
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21 August 2024 | 7 replies
Also any losses from Y will flow into Parent Holding X for tax purposes and such losses will be adjusted towards active income.7) Use a revocable trust to replace us in the ownership chain to avoid probate issues and easy inheritance to our kids.
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20 August 2024 | 0 replies
It is more important now more than ever to have a transparent working relationship with a real estate agent who can listen to your wants and needs, adjust accordingly and negotiate effectively on your behalf.
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20 August 2024 | 8 replies
Unless you know the previous hosts, I’d much rather vet guests using my own criteria and pricing adjustments.
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19 August 2024 | 4 replies
To add to what @Caleb Brown said, there are going to be times when you are not going to find similar comps and you might have to adjust based on the comps you have available.
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19 August 2024 | 7 replies
Jonathan,It depends on a few things if the 7/1 ARM is close to adjusting/recasting I would simply refinance into a 30 year fixed.