
31 October 2024 | 29 replies
The hairstylist, that's what they do 24/7, Dentist knows the ins and out of your mouth and the restaurant is capable of basically save you time and perhaps surprise you with new mist of flavors.

31 October 2024 | 4 replies
However, hiring a CPA will not save you any money, in other words will not reduce your taxes.

1 November 2024 | 10 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 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

30 October 2024 | 10 replies
The tax benefits have been the largest source for cash income so far; in future years this will likely be lower because much of our tax savings has been due to one-time costs related to purchasing and furnishing a new property.

2 November 2024 | 19 replies
If you’ve ever though of retiring outside of California that could be the ideal place to buy a “nicer” property that someday may work better as a primary than a rental.

1 November 2024 | 17 replies
You may keep some of the tenants, you will save on renovation costs, and you may not have al, 4 units vacant.

31 October 2024 | 37 replies
Did they attempt a capital call to save the deal?
30 October 2024 | 3 replies
I am currently rebuilding my credit and have finally been able to start saving money and looking to get my first property by the end of next year.

31 October 2024 | 7 replies
I helped him save from moving to Buildium from QBO Advanced.

31 October 2024 | 19 replies
But the closer to where you live is always better so you can self manage and save money.