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2 January 2025 | 18 replies
One thing I would add here is to check prior landlord references, not just from their current one.
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12 January 2025 | 12 replies
Most cities don’t want a mobile home park in their city limits because the tenants take more money out of the tax system than they contribute.
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2 January 2025 | 15 replies
The first thing prior to this would be to verify this is a good tenant, check the lease, and confirm with the owner with a payment ledger that they have been paying on time since they have been there.
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8 January 2025 | 13 replies
Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).
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6 January 2025 | 17 replies
NC is a great market for your goals, however it will be challenging to find inventory that has much cash flow; many people who toss money into multifamily here do it to avoid the tax bill + take the 10 year runway of growth.How much SHF RE do you currently have?
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8 January 2025 | 0 replies
The homeowner has direct title, can sell at any time and gets 100% of the appreciation and tax benefits on these houses.
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7 January 2025 | 5 replies
He isn't a motivated seller.If it will rent for $1900 a month, that means to make money you have to have a payment that includes, principal, interest, prop taxes, insurance, at less than $1400 a month. $190,000 at 3% interest is P&I $801 + prop tax plus insurance a month.
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15 January 2025 | 12 replies
Currently, interest rates, taxes, and insurance are very high, making it difficult to cashflow with downpayments that are below 40%.
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5 January 2025 | 7 replies
You filed two full year tax cycles and the numbers are similar (no greater variant than 1%) they maybe yes.Generally depreciation is added back as income BUT only the 40% portion you own not all of it.
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6 January 2025 | 7 replies
I had constant issues with the local government and the taxes were absurd.