19 November 2024 | 6 replies
If the properties were placed into service in 2022 or before, you may need to file form 3115 (change in accounting method) to factor in the 'updated' depreciation schedule from the cost segregation study.Best of luck
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19 November 2024 | 2 replies
They can depend on the person and the property along with a multitude of other factors.
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20 November 2024 | 6 replies
You can obtain up to 90% LCTV for your main primary house that you are living or 80-85% for your investment properties.
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19 November 2024 | 12 replies
Hey @April Birdsong, You can use the Ring or a stand alone camera.I don't use a Ring but I have a stand alone, solar powered camera pointing at the main entrance.
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20 November 2024 | 9 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).
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19 November 2024 | 1 reply
Our plan is to rent each of the 3 bedrooms of the main house as mid terms and the in-law as a long term (already have a tenant in there).
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18 November 2024 | 1 reply
Technology has been been a huge factor for both.
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18 November 2024 | 6 replies
No one can answer questions like this because the strategy depends on the investor's level of interest, financial framework, location, and many other factors.
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20 November 2024 | 15 replies
Mainly because home inspectors already have tools and systems for quickly generating thorough inspection reports to help you negotiate credits, concessions, and/or price reductions.
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13 November 2024 | 1 reply
Hi All. I'm diving into some of the public county-level Zillow data. One metric they provide is new construction sales, which I can use to calculate % of total sales and see whether that value is trending up or down.M...