Todd David Crouch
Self Employed or W2??
12 January 2025 | 4 replies
Once you file your 2nd year of tax returns, you may now be able to qualify for Agency Loans (FHA/Conventional).
Marina Wong
711 Rescue - does it help LP in case of imminent foreclosure
21 January 2025 | 19 replies
I dont personally care about distributions as its just pocket change but i do care about the principal and getting some equity when they are sold..
Trevor H.
How to Appeal Property Tax Increase
8 January 2025 | 6 replies
At this point, I'm planning on contacting the county and the auditor, but before I do this, I wanted to find out if anyone on here has had a similar experience in Cincinnati and if they've found any success in appealing property taxes.With gratitude,Trevor Sorry I missed your post earlier.Petitions for revaluation are filed only between 1/1 and 3/31 each year.
Scott K.
STR insurance - Proper alternatives?
8 January 2025 | 13 replies
However, we've never actually filed a claim, so take this with a grain of salt.
Sarp Ka
Cheapest way to make a cash offer???
22 January 2025 | 14 replies
It requires a solid FICO, that you get pre-approved with all current financials held in file beforehand, with the complete contract package submitted upon execution which starts the clock; insurance must be arranged within three days for lender underwriting.
Joey Chalhoub
Tax Lien Foreclosure and Supreme Court Case
11 January 2025 | 5 replies
Homeowner filed chp 7.
Tina Artigliere
Quest Trust Suddenly Closed down Administration on their Solo 401K Plans
17 January 2025 | 24 replies
We review yearly with our CPA who files the necessary forms.By law, IRAs require a custodian.
Jacob Hrip
Best financing options for a first time investor?
9 January 2025 | 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 = 1.23If 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).
Kar Sun
Tenant insurance underwritten with landlords name
4 January 2025 | 5 replies
If their guest falls down the stairs and breaks a leg, you would be covered under the tenant's policy and wouldn't need to file with our insurer.
Dan Ermolovich
Eviction Issue - Out of state investor
29 December 2024 | 5 replies
It has to be filed by either myself or an attorney representing me.