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15 May 2024 | 5 replies
As an individual landlord, especially one managing remotely, it might be challenging to secure similar terms.Payment Trust: Vendors may also be hesitant to extend credit or prioritize someone they are unfamiliar with, particularly when the owner is based internationally and payment assurances are less certain.Real-Time Issues: Handling urgent maintenance or unexpected issues can be cumbersome without a local presence.
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14 May 2024 | 7 replies
I am hoping to find individuals that will help me with this endeavor.
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14 May 2024 | 164 replies
That is like for like without leverage and without knowing about individual stocks.
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14 May 2024 | 2 replies
Also, consistent tenant guidelines can help you make decisions, so you are both fair and preventing unwanted tenants reside in your properties.Balancing Privacy & Profit: I think this is a personal preference and depends on everyone's individual circumstances.
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15 May 2024 | 20 replies
You can network on here BP, local chamber of commerce, builder associations, join local meetup events to find like minded individuals to help find that partner.
15 May 2024 | 8 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 = 1.23As mentioned earlier in the post, DSCR lenders generally let you vest either individually or as an LLC.
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14 May 2024 | 4 replies
Remember, everyone starts somewhere, and acknowledging your beginner status can foster genuine connections with seasoned investors who are often more than willing to offer guidance and share their experiences.Local meetups serve as invaluable hubs of knowledge, bringing together like-minded individuals who are active in the same market you aim to enter or are already operating in.
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15 May 2024 | 23 replies
(up to $250,000 for individuals or $500,000 for married couples filing jointly) Consult your CPA :)
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14 May 2024 | 7 replies
On a clear day and with tenant notification, get a hose on the outside and spray it at individual windows and doors in the suspect rooms.
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14 May 2024 | 15 replies
Even if California will not relent on adjusting emission control standards, and the more than 1,000 supplemental workers at the Stellantis Toledo Jeep plant who are expected to rise to full-time permanent status are laid off, on balance, local incomes are rising.For the vast majority of individuals, a home is the largest single investment of a lifetime.