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6 May 2024 | 10 replies
These gatherings provide an invaluable opportunity to connect with like-minded individuals in your local market who can offer firsthand advice and insights to support you on your real estate journey.Similar to the wealth of resources available within the BiggerPockets community, NCREIA offers a multitude of tools and resources to assist you in your endeavors.
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8 May 2024 | 50 replies
There's several cities not discussed on here that I am investing in and I see other large individuals invest in that do not fit the cash flow $500/mo in the philosophy, but I'd take over almost any area that's producing legit cash flow.
5 May 2024 | 5 replies
The SALT limitation only applies to personal property (and/or individual income tax) as it's limited to Schedule A.
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5 May 2024 | 2 replies
Excess business losses are capped for single individuals at $250,000 and for married individuals at $500,000, with any surplus being suspended and carried forward.
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5 May 2024 | 1 reply
Some individuals see an opportunity to profit from the thirst for knowledge.
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6 May 2024 | 8 replies
They are managed by a company that rents by individual rooms.
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5 May 2024 | 3 replies
They are entities, not individuals and their asset managers handle thousands or hundreds of these at a time.
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6 May 2024 | 9 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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5 May 2024 | 5 replies
If any tenant fails a drug test they are immediately booted no questions asked and no eviction protections because the lease is signed with "oxford house" and not individual people.
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4 May 2024 | 2 replies
Why not try it, and so far, it has been extremely helpful just by reading the other post from other individuals.