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18 May 2024 | 4 replies
Instead, they typically employ a sales comparison approach to determine the property's worth, using the income to calculate the DSCR, which usually needs to exceed 1.0 for most lenders.Assuming you have a solid track record with the property and there's enough equity in the deal, leveraging the After Repair Value (ARV) on a sales comparison evaluation could enable you to refinance into a bridge loan until the necessary work is completed.Maybe a mortgage broker specializing in traditional loans could offer insights into construction-to-permanent loans
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19 May 2024 | 20 replies
He emphasizes the need to use social media rather than traditional methods.
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19 May 2024 | 23 replies
It definitely doesn't replace traditional investing, it's a means to other investments honestly.I dont suggest it if you NEED life insurance, that's what term is for.
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20 May 2024 | 88 replies
Many of my clients keep using the traditional bookkeeping methods they already had in place even after switching to the Texas Series LLC.Ultimately, a Series LLC formed in a "friendly" state like Texas will be cheaper than forming a ton of Traditional LLCs, where you may have to pay fees and annual taxes.
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20 May 2024 | 121 replies
I've used Trachte for traditional buildings in the past and have also been pleased.
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19 May 2024 | 17 replies
Think about other financing choices, such as traditional lending or innovative financing alternatives for homes with several units.
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17 May 2024 | 2 replies
That being said, another option is to use a traditional accounting software like Quickbooks.
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16 May 2024 | 22 replies
Short-Term rentals are treated differently than traditional rental property.
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20 May 2024 | 177 replies
This is why traditionally they only let the rich participate, no one cares when millionaires lose the 2nd home because of bad investments.For non-accredited we are in uncharted territory.
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16 May 2024 | 3 replies
What taxes do I owe if she only assumes the remainder of my mortgage vs selling the property to her the traditional route?