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5 February 2025 | 9 replies
In addition to a voucher, we require that the tenant be able to show income at least 1.5 time the monthly rent, as opposed to our regular tenants who must show 3.5 time monthly rent.
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13 January 2025 | 8 replies
Each jurisdiction is different, but typically include a substantial deposit due same day up to full price deposited that day.
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3 February 2025 | 8 replies
ADU zone expansion is not certain, and even then who knows what the rules will be (owner-occupied requirement, etc).
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5 February 2025 | 2 replies
In this case, correct, 1031 exchange is not available. 1031 exchange is property for property, and an interest in a partnership normally is not (with a few rare exceptions, so you may want someone knowledgeable to give you a second opinion for your particular situation, which requires reading your inheritance documents.)Whether or not you have any mitigation strategies totally depends on your specific situation and requires a one-on-one.
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7 February 2025 | 13 replies
Also since it's a 4-unit it would need to meet the sustainability requirement.
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7 February 2025 | 0 replies
First, is it required by law for a buyer to sign a buyer's agreement before they start touring homes?
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3 January 2025 | 4 replies
.- Inspections: Some programs require annual property inspections to ensure compliance with their standards, which can occasionally be demanding.- Damage Risk: As with any tenant, there’s potential for property damage.
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29 January 2025 | 7 replies
You'll have to meet higher ratio and FICO requirements.
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29 January 2025 | 3 replies
Quote from @Pamela Rivas: Hi Natasha,Here are some key points to consider about setting up a Mexican corporation:Setup Costs: $1,500–$3,000 USDOngoing Costs: $1,000–$2,000 USD/year (accounting and tax filings)Benefits: Tax deductions for expenses like maintenance, repairs, and managementBest for: Multiple properties or income-generating investmentsWhile a corporation is ideal for managing multiple properties, it’s NOT required to obtain an RFC.
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30 January 2025 | 6 replies
Quote from @Jaren Taylor: Quote from @Stuart Udis: Depending on the transaction sizes you are pursuing, raising money to purchase property without debt requires either an incredible network of relationships or devoting a lot of time and effort to raising money.