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17 November 2024 | 8 replies
If your DSCR has a prepayment penalty, you'd need to make sure you account for that penalty in the sales price to offset it.
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18 November 2024 | 16 replies
@Philip Jones we've helped our clients do over a hundred.As some of the lenders posting have pointed out, the challenges are:1) Property value and corresponding loan size2) Appraisals have much better comparables than 5 years ago, but may still be an issue.3) Property condition can be an issue via the appraisal4) Ownership seasoning - most lenders looking for 6+ months or incredible documentation for cost of improvements made.5) Most DSR lenders require professional property management.Always try a small local bank or credit union, but most will expect you to transfer your business bank accounts over to them.
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21 November 2024 | 305 replies
Most aren't in class, studying, etc then.
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16 November 2024 | 9 replies
I am a landlord, broker, investors, etc. and have section 8 tenants as well - luckily I have a good relationship with my tenants but man oh man... dealing with their case worker was almost like they were paying out of their own wallet for a rent increase when in reality HUD had updated rent guidelines.Do you not have an online portal or account that you can access the section 8 landlord portal via?
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14 November 2024 | 3 replies
Your accountant will guide you through.
15 November 2024 | 14 replies
Hello everyone,I’m a 18 year old electrical apprentice and I’m looking to do a full dive into real estate investing.I am in the union and earning base wage, parking, vacation pay, pension and full benefits are covered.I am saving about 400/w in a high interest savings account right now which is 60% of my pay, I am going to get guaranteed $5/h raises every year for the next 5 years.
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17 November 2024 | 32 replies
It's sad because because I feel people pay for their mistakes but can be held accountable for life even after living a normal life for more than 15 years.
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18 November 2024 | 14 replies
However their monthly cost should be accounted for in your projections Good luck
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15 November 2024 | 11 replies
This means that your accountant can report your exchange as a partial exchange and partial installment sale with proceeds received in 2025.
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12 November 2024 | 12 replies
They will help you ensure you don’t accidentally leave money on the table by helping you study your competition and by raising or lowering your rates so you can compete better.