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18 March 2024 | 7 replies
There is ample information on the clerk's site telling you that you may not get clear title, and warnings as you register to bid that you should seek legal counsel if you're not sure of what you're doing, and that there are risks associated with legal auctions.
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19 March 2024 | 11 replies
I mean its cool to maybe get an understanding of what could go wrong but it would behoove you to associate with people are are currently doing it, successfully.
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18 March 2024 | 24 replies
Maybe, with different terms and that's up to you if you want to make that extra risk associated with it and how much you feel the other side needs to, too.
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18 March 2024 | 4 replies
And you can live in the other unit.Bonus points - When you later sell that duplex if you have lived in the one side for at least 2 years you can sell it and take the first $250K ($500K if married) of profit associated with the side you lived in tax free!!!!
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18 March 2024 | 14 replies
You can try via these associations: AAPL and/or NPLAYou guys execute the docs, i.e. sign them.
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17 March 2024 | 4 replies
Hi all, I'm planning to get my Real Estate in Massachusetts soon this year and with the National Association of Realtors agreed to dropping the 6% commission rate, is this still a good idea?
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17 March 2024 | 20 replies
Reach Out to Local Real Estate Associations, 6.
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17 March 2024 | 13 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 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
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18 March 2024 | 13 replies
Not sure if it makes a difference but it looks like the maintenance company that gave the estimate for "repairs" is owned/ associated with the management company.
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16 March 2024 | 6 replies
However, I don't wish to pay a ton of fees - just to have MLS access last year I had to to pay CAR+NAR+Local Association+ MLS fees.