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19 November 2024 | 23 replies
(Costing you more than hiring a PM.) or charge too little (Costing you more than hiring a PM.)2) You are NOT going to know all the landlord laws.
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20 November 2024 | 18 replies
The laws had changed at some point many years ago but because they were able to prove the property had always been a two family, it was grandfathered.
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19 November 2024 | 111 replies
I'm Mr. boring property law.
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18 November 2024 | 14 replies
The new property tax law should help significantly.
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21 November 2024 | 16 replies
In some states, say Florida, all business purpose loans must be vested under an entity by law.
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14 November 2024 | 6 replies
She is President of American DataSearch. https://www.americandatasearch.com/Tenant ScreeningThis screening provides you with all the pertinent information you need to make informed decisions about your residential or commercial tenants.
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13 November 2024 | 66 replies
This is what a rep from New American told me.
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21 November 2024 | 10 replies
Thanks for any help’ Yes we're licensed there and FHA guides in one state apply to all states unless a state has a specific law that supercedes the FHA lending guideline.FHA is always 3.5% down minimum (in some cases less because you're using a DPA or down payment assistance program or 2nd lender to put down over all a lower down payment than 3.5%, Aka for instance 3.5% DPA + 96.5% FHA = 100% financing but just dont kid yourself this is fully 100% leverage and to be used with caution and carefully).In the case of 2-4 unit FHA is still 3.5% down payment @Matthew Kwan @Carlos ValenciaThere are rules regarding FHA such as:- primary residence - you must occupy one of the 2-4 unit property as your primary over 50% of the year and the underwriter needs to believe you will remain and have the ability to live in there, any deviation from this and you'll get a whole laundry list of conditions asking you to prove why you should be believed to be living or will live there (if this arises dont be surprised, it just means the UW doesnt believe you).- SS rule - self sufficiency rule - gross rents of all potential units 2-4 X gross rents at 75% needs to meet 1:1 or 100% of the monthly PITIA payment or greater.
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20 November 2024 | 24 replies
@Kobe CarrDallas offers benefits for first-time real estate investors, including a growing economy, diverse property types, affordable suburbs, landlord-friendly laws, and strong rent demand.
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18 November 2024 | 15 replies
If I were to apply for a CFO role now, more than likely I have to advantage over a CFO that was in a manufacturing company for a real estate company.EAs specializes specifically in taxationCPAs have a broader knowledge for accounting, auditing, financial planning, and taxation.EA must pass a 3-part IRS exam and do not require a college degreeCPA need a degree in accounting, 150 credit hours of education, must a 4-part CPA exam.EAs often charge a lower feesI might lean more toward hiring an EA and ask how they stay updated on tax laws and regulations since I don’t really need full accounting services.