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13 December 2024 | 4 replies
BrendanWe typically use a third party servicer as its around $35/mo per loan and they also handle the escrow and end of year tax forms.
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15 December 2024 | 9 replies
My prediction that these "bans" and regulations are all going to pretty much converge into reasonable middle ground regulations (mostly including taxes fees) is still looking very good.
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15 December 2024 | 14 replies
Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).
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12 December 2024 | 5 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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5 December 2024 | 34 replies
If the security deposit is not enough to cover lost rent, utilities, and damage, you are welcome to sue in small claims court (which most of us have never done).
10 December 2024 | 3 replies
That means either you won't cash flow or your Return on Equity (ROE) will be terrible.Since this is your primary residence you'll be exempted from paying capital gains taxes when you sell.If you sell to your parents, it will be considered a non-arms length transaction and will get closer scrutiny.
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10 December 2024 | 7 replies
Since you mentioned a construction site injury in your initial post, the best way to proactively avoid premises liability claims is by keeping a clean worksite.
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16 December 2024 | 17 replies
You have taxes and insurance so that pulls another $100 per month- so you clear $600 per month.
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9 December 2024 | 7 replies
Once you have income hitting your taxes you can refinance and move there.4.
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10 December 2024 | 5 replies
As mentioned seller credits are the best path as title insurance and taxes are pretty much fixed.