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31 May 2024 | 2 replies
Ask your local real estate investors association (REIA) for referrals.
30 May 2024 | 1 reply
I'm not personally associated but know the folks and highly recommend them.
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30 May 2024 | 3 replies
In Florida, only licensed brokers (and their associates) can manage property for other owners.
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30 May 2024 | 12 replies
Upon admission to the NYS bar, I'll be serving as an associate here.
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30 May 2024 | 8 replies
In my leases I specifically state that the tenant is responsible for pest control.Stick to Association of Realtors leases per your state.
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30 May 2024 | 38 replies
My questions are around taxation - i have read that if the rental is not associated with a us trade or business, then the gross income from the rental is taxed at 30%, however if associated with a us trade or business, then graduated rates apply, as well as the net is taxed and not the gross.
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29 May 2024 | 6 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
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29 May 2024 | 2 replies
I am considering taking the CO/national real estate exam + course hours requirement and becoming an independent broker or associating with a small brokerage (I can see the benefit of associating with a firm experienced in the area and able to bounce ideas off of).
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30 May 2024 | 4 replies
Ben,The NOI on the condo if fair but based on equity versus mortgage $600 is a little risky knowing how Condo associations tend to hedge up on their HOA fee's.
29 May 2024 | 7 replies
Title is the concept of rights associated with owning property, and the deed is a document evidencing transfer of title.