
22 January 2025 | 12 replies
The number of DSCR (Debt Service Coverage Ratio) loans a lender will offer can vary depending on the lender, your financial situation, and the property cash flow.

21 January 2025 | 6 replies
The 2-3% points in extra cost are worth it if you plan on using as I described above because the use would be for a few months at most and due to that short term use you can survive a rate adjustment up.But, if you have no plan to payoff the debt like when using for a down payment on a long term hold why pay the extra cost for flexibility and have the additional risk of the adjustable rate with the amortization looming when you can get a fixed rate second mortgage.

26 January 2025 | 21 replies
The same thing you claim on your tax return for your properties.

19 January 2025 | 21 replies
More than likely a blend of my money and other sources.So, I'm assuming "other sources" is equity, not debt.

14 January 2025 | 27 replies
This has also allowed us to provide some excellent incentives for our investors, locking in long term debt currently at 3.75% through our in house financing program.

16 January 2025 | 6 replies
First one to pay off both Bank debt and get back initialcollateral.

10 February 2025 | 16 replies
I paid tax on it and mowed it about every 5 years so maybe put 10k into over the years.. deductive reasoning suggested city does not build and full blown interchange to go to nowhere.

26 January 2025 | 2 replies
Taxes/Insurance- depends a lot on where you are located.The homes themselves- POH or TOH?

27 January 2025 | 17 replies
I know how to use the basic features of QBO, as I do my own expense tracking, but my Bookkeeper is needed for the more complex entries (Loans, capital balances, reconciliation, data entry from PM monthly statements.)I spend almost 8k per year in QBO and Bookkeeping costs (Not including my accountant or tax prep.)

22 January 2025 | 5 replies
You will want to fully understand the tax reporting burden you will face.