
20 January 2025 | 7 replies
It will just invite the idea of allowing her to include even more pets.

22 January 2025 | 8 replies
A lot of people haven't even heard of it.

22 January 2025 | 10 replies
@Chris Mahoo Even without qualifying for Real Estate Professional Status (REPS), long-term rentals offer key benefits like depreciation deductions over 27.5 years, deductible expenses (e.g., mortgage interest, repairs), and up to $25,000 in passive loss deductions if your MAGI is under $150K.

19 January 2025 | 9 replies
Even without those challenges you had, it was still probably hard to find a buyer because of the use mix.

27 January 2025 | 15 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

18 January 2025 | 10 replies
I was more interested in Fix and Flips or maybe even rentals for single family properties.

20 January 2025 | 1 reply
Even tried craigslist and local paper once.

25 January 2025 | 8 replies
Spend a year learning and going to meetups before you fork over a $50-$100k franchise fee and half of your profits and don't even know what you are doing.

19 January 2025 | 51 replies
They FORCE you to sign up for their merchant account even if you do not use them.

24 January 2025 | 9 replies
I don't even think she knew what I was talking about and she had a heavy accent and didn't seem to understand me very well.