7 December 2024 | 2 replies
Even if someone gives you the lay of the land, you would still want to go there to see for yourself, just as you would definitely have someone come check out Dorchester to see what they consider safe and not safe.
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16 December 2024 | 15 replies
if you're a few years out before starting in the US with RE Investing, the best thing you can do is work on your credit and safe money and start establishing business credit with banks and credit unions here in the USenjoy Panama, and good luck
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10 December 2024 | 3 replies
However, it’s important to ensure the area is safe. in those areas I would recommend checking local crime statistics on SpotCrime. you can use this link for an example,to get detailed information: https://spotcrime.com/map?
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2 December 2024 | 5 replies
I have taken dozens of flights for free using credit card points, but Dave isn't going to teach that technique to people who can't control their spending because there's too much risk that they won't have the same discipline I do.Dave teaches people to invest safely because he doesn't want people with no financial discipline taking his advice wrong and chasing get-rich-quick schemes.
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11 December 2024 | 6 replies
Repairs would generally be for costs <$2,500 using the de minimis safe harbor.
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15 December 2024 | 13 replies
About 20% use DSCR (usually 20-25% down) and the rest are cash or hard money or something else.For $325k purchase:1) As a broker I would negotiate down as its been on the market a while and its especially now in holidays)2) I would also negotiate seller paid closing cost credits, most loans allow 3% which should cover most or all of that.3) Assuming you paid $325k but got closing costs covered I would anticipate a minimum of $32,500 down and maximum $65,000 down depending on lending product chosen.4) Remember you still must furnish and I use $20/ft as a safe estimate to fully outfit an STR property.Best of luck!
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28 December 2024 | 8 replies
You need to stay strong physically and mentally, and I sincerely hope you will figure a way out.If the property is located in a not very safe area, at least try to install some security camera system that works when you are not there.
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10 December 2024 | 4 replies
Down payment on FHA is 3.5% so you’re not wrong there and safe to assume another 2-4% for closing costs BUT you can negotiate seller assist to cover bulk of the fees if not all.
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10 December 2024 | 10 replies
I was hopping to find a very knowledgeable attorney who can tell me exactly exactly what to do or not and be on the safe side of the law.
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6 December 2024 | 10 replies
There’s a silver lining, though—if the cost of the improvement is under $2,500, you might be able to expense it under the IRS’s safe harbor rule.