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15 October 2024 | 12 replies
Make sure that the corresponding lender or broker you are working with has a loan servicing company that is non-reporting.
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16 October 2024 | 25 replies
Expanding into the US residential market can be a rewarding opportunity, especially with your focus on cash flow and capital appreciation.Given your interest in properties that yield positive cash flow while also offering capital appreciation potential, I'd like to introduce you to a financing option specifically designed for foreign investors like yourself: Debt Service Coverage Ratio (DSCR) loans.
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16 October 2024 | 9 replies
Even if the credit card debt was $0, your DTI is way too high to qual for any new traditional/conventional loan until the units are rented.If youre going to keep this duplex, I'd focus on getting one of the units in service as fast as possible.It sounds like there is currently a decent-size lien ($7300/month) on the property.
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16 October 2024 | 16 replies
During the warmer months of the year I typically pay the electric bill and for my internet/tv services.
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13 October 2024 | 5 replies
Who’s Disqualifiedyouyour spouseyour parents and/or your adoptive parentsyour natural grandparentsyour natural children and/or your adopted childrenyour stepchildrenThe spouse of your natural childrenyour grandchildrenAny fiduciaryAny people providing services to your IRA
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15 October 2024 | 14 replies
I work in their retirement plan services business, and the biggest regret I hear from folks in their 40s-60s is that they didn't start saving early on in retirement plans.
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13 October 2024 | 12 replies
The only thing that is stopping me is that I will most likely need to upsize my gas houseline to a bigger pipe since tankless wh require more BTUs, and my water heater is at the other end of my gas meter.Another thing to note is if your existing gas service can handle the additional tankless water heater loads.
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15 October 2024 | 14 replies
Lenders want that security, especially with newer LLCs, and often, you’ll need to show personal backing.A DSCR loan (Debt Service Coverage Ratio) is an option that looks at the property’s cash flow rather than your personal income, which is why many loan officers suggest it for newer businesses.
15 October 2024 | 8 replies
You are either going to pay more upfront for a better service or they will tax you on the back end.
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16 October 2024 | 32 replies
There's gotta be some law on the books that it's a-ok to slap a really stupid person, like at a certain level of idiocy it's a public service vs assault, right, I mean seriously, come on.