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22 August 2024 | 5 replies
My mortgage would go up $781 for the next 30years, the ADU income would more than cover & I hope to pay extra principal to cut my loan time -it's just I was hoping to pay off ADU within 5.5yrs- so that I can collect 'all' ADU income at that point <I'm fixed income & I lose 'some' personal income in 5yrs so trying to plan ahead on how to recoup that>.
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20 August 2024 | 0 replies
For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.
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22 August 2024 | 5 replies
Here's why. 1) If you take 6K off the loan amount, it drops your payment $41.44 per month but, if you take the same 6K and buy down your rate by .375%, your payment drops $226.73 per month. 2) While experts are predicting the Feds will cut the Fed Fund Rate, that doesn’t have a direct correlation to mortgage rates.
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21 August 2024 | 9 replies
I have a wooden retention wall as attached which is about 30 year old I think from the time when this building was constructed, I have made slope down on right hand side corner last year for landscapers, tenants to go into ditch to cut the grass rather than leave it become mini forest with poison ivy plants as well there.
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20 August 2024 | 2 replies
It reduces risk by having them know the laws which are extensive (down to needing a compliant monthly statement) etc.The other component is no chance I could do it for that price either.
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21 August 2024 | 3 replies
The worst ones usually don't have any clear cut guidelines (a lot of the underwriters will make up their own rules if they do not like the deal), Suck at communicating (will reply days later), Push aggressive terms to get deals in and then switch them, and Not really motivated to get things done (they will adverse a loan without any hesitation).
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22 August 2024 | 31 replies
After you find the list, are investors directly contacting the owners to cut a deal and buy the home before the tax sale?
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21 August 2024 | 1 reply
If the sample(s) that tested over the threshold were from under a window (which is the norm), you probably need to address the window frame/sill and I'd recommend just cutting to the chase and painting them.
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20 August 2024 | 2 replies
I was initially told there was an HOA but eventually found out it's not active and there's a lady who lives somewhere on the street that pays a lawn company to cut and trim everyone's yard.
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22 August 2024 | 29 replies
I also included a SWOT analysis for MTR in Las Vegas.Profitability Depends On…Mid-term rental profitability depends on four factors:Keeping the property filledThe ability to charge significantly more for furnished housingActive support of tenants, so we get good reviews.The right renovation components to keep maintenance and turn cost low.Success FactorsI believe the following are key success factors:Location - Not just near hospitals, MTRs must be in a safe and attractivelocation, with direct access to freeways, retail, and entertainment.Appearance - The property must be attractive, clean, and a good placeto live.