
25 December 2024 | 60 replies
Duplexes are generally valued lower than a single family.

27 December 2024 | 2 replies
I don’t know how 2 people got 3 homestead exemptions but that seems like something the local taxing authority could catch pretty easy.

8 January 2025 | 38 replies
If you agree that the electricity cannot be turned off, what is it that you think that the PM could have done to lower the cost?

22 December 2024 | 23 replies
And if there is a "why" then the 1031 is what you want to use to get into a new property and defer all tax.

17 December 2024 | 2 replies
Any way around paying the very high property tax, school tax etc. in SC?

29 December 2024 | 4 replies
Rough calculations on what I need to be looking for:90k deal (purchase and renovations to get max rent)20% down = 18k from me80% bank loan at 8%, 20 yr amortization = 72k-------------------------------------------------- Here's my DSCR calculation:Calculate Net Operating Income (NOI):Monthly rent: $125040% expense ratio (taxes, insurance, repairs, vacancy) = $480NOI: $1250 - $500 = $750Calculate Monthly Mortgage Payment:Loan Amount: $75,000Interest Rate: 8% per year (0.08/12 = 0.006667 monthly)Loan Term: 20 years (20 * 12 = 240 months)Monthly Payment ≈ $627.83Calculate DSCR:DSCR = NOI / Monthly Mortgage PaymentDSCR = $750 / $627.83DSCR ≈ 1.20Therefore, with a $75,000 mortgage at 8% interest over 20 years, the DSCR is approximately 1.20

28 December 2024 | 4 replies
Your main concern should be whether these bedrooms and bathrooms on the lower level are legal and have the proper egress require for fire code and livability.

2 January 2025 | 29 replies
They don't all offer the same servicers (default management, document services, tracking of taxes and insurance, escrows, etc.), but I am with you that communication and competency are key.

18 December 2024 | 7 replies
Quote from @Francisco Milan: Your tax bill ?

27 December 2024 | 3 replies
Tax structures and mortgage regulations might also shift as canada mortgages are very different.What do you think would happen?