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3 February 2025 | 25 replies
If you do have enough other income then you dont even need to lease out this property to start your refinance.However if you dont have enough income to qualify with no rental income offset then yes you will need to obtain your lease(s) and security deposit + 1st months rents deposited before you can utilize 75% of this gross income - your monthly PITIA payment (in terms of qualification on this property refinance.So all in all Id make sure what your current debt to income position is first of all (DTI) and then strategize to see if you even need the leases at all.
29 January 2025 | 20 replies
My estimate is 90% of the time we obtain a tenant in our first open house.
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21 January 2025 | 7 replies
It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.
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9 January 2025 | 6 replies
Otherwise, you will give another agent all of your future commissions and/or you will have to retake the salesperson exam to obtain your license again.
9 January 2025 | 0 replies
These loans require taxpayers to be current on all previous tax filings, highlighting the importance of expedited processes for obtaining necessary documentation, such as tax transcripts or copies of prior returns.
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5 February 2025 | 14 replies
You are not allowed to compound interest.If you bought the certificate from the state on a best price offer, you charge interest on your purchase price, not on the full amount of the taxes that were due, but were not paid by you when you purchased.After you obtained your tax deed, you are entitled to something called "mesne profits" if you file an ejectment lawsuit against the former owner and they redeem during that lawsuit.
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5 February 2025 | 16 replies
You are welcome to obtain these funds as a 2nd elsewhere if you choose.
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5 January 2025 | 9 replies
Leverage technology early and put everything in the cloud, so you can access info wherever you are.Make sure to get properly licensed and obtain E&O Insurance.
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16 January 2025 | 17 replies
Obtaining the FHA loan is great and you could repeat the process after about a year with the right lender.
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6 January 2025 | 7 replies
While this is municipality dependent, if the contractor is not licensed you likely cannot obtain the necessary permits and approvals.