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11 December 2024 | 5 replies
Currently, I'm only qualifying off $80K of income so it doesn't help me qualify for a lot.It looks like Snow Removal is about $700-$1000 for a full season?
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11 December 2024 | 6 replies
Quote from @Jose Solis: @Brandon Croucier i would be able to put around 70-75k down, and should qualify with my income what is the purchase price, and what is the timeline to develop the property?
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19 December 2024 | 8 replies
Maybe you're in limbo renting for a year while the primary residence gets built.
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17 December 2024 | 16 replies
Aging reports would be another avenue to explore, but again, may not even have these.Lastly, while maybe this property is in a desirable area of town with strong demand from highly qualified tenants, but I get the impression this is a rough part of town, with very limited demand from tenants.
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18 December 2024 | 25 replies
What makes it slow in this case is that you don't really start seeing real cash flow until after year five but it's more effective than rentals in that there is little to no maintenance.Sure you can live in a home while fixing it up with the intention of selling it for a nice profit later but I think many people are already doing that and the buyers of slow flips now also have that opportunity without having to qualify with a bank.
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12 December 2024 | 37 replies
@Mary Lopez I recommend most investors skip multifamily properties that don't qualify for agency (Fannie/Freddie) or HUD financing.
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9 December 2024 | 8 replies
Cabin rentals out there are not like houses for primary residences.
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19 December 2024 | 22 replies
They have "minimum" credit scores to qualify for a loan, but the higher the score doesn't change the interest rate.
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12 December 2024 | 6 replies
Cross border taxation is very complicated, most developed countries like the US and Canada have sophisticated systems to ensure their residents pay taxes, and you are not likely to be able to achieve your goal of not paying Canadian taxes on Florida income while a Canadian resident.
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17 December 2024 | 9 replies
As someone who has read Harry Potter, it seems the best way to get the attention of the landlord is to send a scary looking giant to their home residence with a kindly worded letter.More seriously, I was on the other side of the coin previously where my wife put the ads up under her accounts instead of mine, so I couldn't check them without getting on her phone and I was inundated with people looking to see the property (probably 50 over a 5 day period) and was trying to send semi-personalized notes to each one--and it all ended up being too much to handle and I ended up ghosting or not replying to many people after I found an applicant.