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19 May 2024 | 0 replies
Rescinded
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18 May 2024 | 11 replies
Because it's a banking and bookkeeping platform I can set up individual bank accounts quickly and easily in Baselane and keep track of revenue and expenses for each property and easily run basic and customizable reports.
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21 May 2024 | 10 replies
They can renew as a couple, or one of them can leave and the other renews as an individual.
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22 May 2024 | 48 replies
I should mention, Travis had great referrals for lenders, insurance agents, etc. that are hard to come by for first time out of state investors.Nader is the owner of Upside and is one patient individual!
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21 May 2024 | 4 replies
To search properties individually, you can check out nyc.govHope this helps!
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21 May 2024 | 10 replies
An individual making $60k a year+ will bring less problems (markets may vary).
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21 May 2024 | 4 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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22 May 2024 | 13 replies
Hey Sam,I think we all know that it is different for each individual.
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24 May 2024 | 100 replies
That's a wide spread of outcome.Stick to what you can manage at the individual level.
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21 May 2024 | 14 replies
@Samir KhoslaWe have a revocable trust and the LLC is owned by the trust and managed by me as the individual.