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10 September 2024 | 3 replies
Key for financing decisions: Lenders rely on DSCR to determine loan qualification and terms.
11 September 2024 | 8 replies
Generally, for the optimal refinance, these are top of mind for BRRRR strategy investors:Return of capital: The key “secret sauce” of the BRRRR method is to build portfolios using the same capital over and over—which relies on getting your basis (or more) back on the refinance, where basis refers to the money you invested in the property (down payment and cash used for renovations).Speed: Refinance lenders use the term “seasoning” to refer to the amount of time (typically in months) between the purchase of the property and the refinance.
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12 September 2024 | 54 replies
Every state has their own laws, court procedures and legal forms pertaining to how decedent's estate are handled, including creditors and heirs.The rules vary widely, however you ought to decide if you are looking to buy the asset (real estate) from the person in charge or the interest of heir(s).Generally speaking, you'll probably want to buy the real estate, so you'll be looking to contact the person who will be able to sell it to you, typically called administrator, or if named in the will, executor, or by the generic term, personal representative.So, I suggest you ask the clerk at your probate court which document will contain the name and address of the person in charge.
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10 September 2024 | 8 replies
You simply cannot rely on Tenants to accomplish this.
11 September 2024 | 9 replies
It won’t always work, but it’s worth looking into, especially if there’s been a significant increase.Shop for New Insurance→ Insurance rates can vary greatly depending on the provider.
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12 September 2024 | 59 replies
Automation is something that we will need, I am hoping to get some good systems in place while we still have an awesome on-site manager, we rely on him way to much right now.
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10 September 2024 | 12 replies
Tenant rights across the country vary widely.
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10 September 2024 | 34 replies
This requirement can vary by state and locality, but failure to disclose can lead to legal consequences, including potential lawsuits for misrepresentation or concealment of pertinent facts.
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9 September 2024 | 7 replies
Each category, like interest or repairs, helps to reduce the amount of income you’re taxed on, but the actual benefit you receive will vary.
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8 September 2024 | 3 replies
If you go for a single family home, you are relying on debt / income solely for that new mortgage, however if you go with another multi, you can use some of that rental income to qualify for a larger mortgage, and ultimately a larger property.I'd be happy to chat, I am a local realtor in Fairfield County.