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3 April 2024 | 1 reply
Each municipality/city will have a list of individual properties that lists how many unrelated are allowed in that property.
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3 April 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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2 April 2024 | 1 reply
I work in the financial crimes investigation field, and I'm excited to connect with like-minded individuals/investors who can provide guidance/support as I have a huge passion for real estate and financial freedom.
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2 April 2024 | 7 replies
They say Net Income = Operating Income - Taxes - Interest.So if someone owns multiple properties, in theory we should be able to attribute how much you owe in taxes for every property individually?
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3 April 2024 | 8 replies
Each of you will report 50% of the property on your individual tax returns.
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3 April 2024 | 14 replies
It exposes you to a lot of liability It is my understanding from reading and researching that it is very difficult to get a cashout refi approved for the same amount (or even just to get approved in general) when in an LLC, in comparison to when the property is held in the individuals name.
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3 April 2024 | 36 replies
However, this metric varies based on individual investment goals, market conditions, and property types.
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2 April 2024 | 2 replies
Our experiences taught us about equity, the intricate dynamics of neighborhood politics, and the resilience required to offer comfort and shelter in the face of adversity.The property became a haven for individuals and families striving for a better future—students pursuing higher education, young professionals embarking on their careers, and families caring for loved ones.
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3 April 2024 | 6 replies
Unfortunately an individual cannot do that and when you seller finance you pay more in taxes on the income than you would a normal investment.
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2 April 2024 | 16 replies
.- We're grappling with the social phenomenon of "squatters", individuals who don't pay rent and the government allows them to live in your property rent-free for 24 months before eviction.- Spain's population pyramid is a mess, with sky-high taxes and increasing insecurity in many areas.- The rental yields in premium zones of central Madrid barely reach 3.5% - 5% gross due to government policies, such as the rental index imposed by the socialist government.For these reasons and many more, I'm considering investing in Miami.