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23 April 2024 | 9 replies
In the event Sellerfails to close the sale of the subject property pursuant to the terms & provisions of this Agreement, Buyer shall be entitled topursue legal recourse for specific non-performance and shall be entitled to compensation for any costs associated with suchactions, including but not limited to escrow fees, title fees, attorney fees, court fees, etc.
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24 April 2024 | 13 replies
They typically do not appreciate that well, you need to worry about the condo association changing the bylaws on you, and a lot prohibit airbnbs.
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22 April 2024 | 1 reply
Not only were the phone numbers, addresses, and email addresses better, I was getting a much more complete data set showing me DECEASED indicators and ages as well as the names and associates of relatives I could contact.
24 April 2024 | 18 replies
For planning, i've found the following to be decent planning factors: 10% property management fees, 10% potential repair and maintenance expenses, plus any excise taxes your area imposes and condo/association fees.
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25 April 2024 | 209 replies
I mean, after all the lawyer and legal fees associated with it, that leaves every seller to receive probably about $50.
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22 April 2024 | 12 replies
This criteria is for 1-4 and 5-8 unit programs.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 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
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22 April 2024 | 6 replies
Just don't get stuck with lots of fees typically associated with 401k's mutual funds and some insurance products.
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21 April 2024 | 16 replies
The Rental Property Association of Wisconsin is a Milwaukee based non-profit for landlords.
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24 April 2024 | 49 replies
Be wary if rents exceed 1/3 of average incomes.Absorption/Vacancy: Consult National Association of Realtors for market time and inventory insights.
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24 April 2024 | 19 replies
I've personally transacted on a house +ADU + JADU that was rented to three separate tenants.If I am taking the risk of breaking a deed restriction, I expect the associated discount.