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19 December 2024 | 8 replies
I use Stessa for accounting, I love it, it links right to my bank account/credit card accounts and I can assign purchases to different properties and units of the property for multi-unit properties and at the end of the year I have a simple report to give my tax professional
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18 December 2024 | 3 replies
DLP lending fund and DLP preferred credit fund = In solo 401k (roth or traditional) because they are tax inefficient.
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16 December 2024 | 9 replies
Tenant further acknowledges and agrees that they shall be liable for all damages to _______ system due to intentional or negligent acts by the tenant, it's invitees, guest, agents or licensees"
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19 December 2024 | 4 replies
Some call a line of credit a bridge but its not its a open end mortgage and the lien is in second position.If you have any questions or want more info on the above types of scenarios feel free to reach out or send me an email.What you want in this current market is a cash out refinance unless you are trying to sell a primary or vacation home.
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19 December 2024 | 5 replies
Take a look at this chart: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% This is how likely a borrower is likely to default on credit extended to them.
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15 December 2024 | 59 replies
Don't use overly rozy projections based on self-management and renting it out forever.2) Higher risk - how do you know which tenant caused the damages or brought in the bed bugs?
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19 December 2024 | 13 replies
I could likely see many things from the TCJA being made permanent, mostly procedural items like the higher standard deduction and child tax credit (Plus eliminating exemptions).
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17 December 2024 | 86 replies
I also have a credit score of 756.
20 December 2024 | 4 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
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17 December 2024 | 12 replies
@Haiden Welch I'd lean into local banks and credit unions.