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30 August 2024 | 15 replies
If you only end up flipping one property in your first year just use a standard LLC.
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28 August 2024 | 4 replies
Also, the state of formation is likely where internal disputes would be brought among LLC members, so if you and a partner and/or spouse live in CA, you probably want to arbitrate in CA if the two of you had a disagreement.
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29 August 2024 | 5 replies
Sounds high but everywhere is different, and that just might be the standard.
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30 August 2024 | 6 replies
Additionally, for rate-term refinances, many DSCR lenders have no seasoning requirements at all.Easier qualification: DSCR lenders have much lighter qualification requirements than conventional or portfolio lenders, such as no DTI, income verification, or tax return hurdles that can slow down or disqualify loansFlexibility: While conventional and bank lenders are heavily regulated and follow standardized rules, DSCR lenders have much more flexibility and control over their guidelines.
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2 September 2024 | 24 replies
Typically the standard is 20% especially with your credit.
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28 August 2024 | 5 replies
It's the visual thing for some people mostly, with such small wall space having it right there in your face isn't ideal. when at all possible, every flip will just get duct work and standard air conditioning.
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28 August 2024 | 7 replies
It has changed a lot with new 2017 deleading standards.
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29 August 2024 | 14 replies
Standards are higher and things break or need to be replaced more often.Do you have a short term track record to show the lender?
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30 August 2024 | 29 replies
And under that definition, because there was no minimum time in the CZO for how long someone needed to occupy a structure to be considered "living" there, the court used literal dictionary definitions (standard practice in NH as can be seen in the similar case Working Stiff Partners v City of Portsmouth) to determine what constituted "living as a household" as it concerns STRs.The court explicity rejected the idea that this ruling should have larger implications for STRs around the state, and it certainly did not at all in any way prevent municipalities from regulating STRs.
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28 August 2024 | 22 replies
. $2,500 deductible is pretty much the standard on any dwelling (home or rental) at this point and $5,000 isn't uncommon at all.