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8 November 2024 | 10 replies
Even when you stumble across the limited exceptions, you should always have sufficient reserves in place before purchasing real estate.
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8 November 2024 | 3 replies
Wethink it’s important as it allows us to check for Non-Sufficient Funds (NSF) issues and to determine if anapplicant is living paycheck-to-paycheck.
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26 November 2024 | 86 replies
None of these reasons are sufficient to justify a failure of fiduciary responsibility.
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9 November 2024 | 17 replies
Violating these rules can lead to severe IRS penalties, including disqualification of the tax-advantaged status of your retirement account.Each self-directed retirement account must have sufficient funds to cover all property-related expenses, as you cannot personally pay these expenses.
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12 November 2024 | 17 replies
However, finishing the basement for $25,000 when cash flow is already tight may not offer a sufficient return on investment (ROI) unless you’re confident it will significantly raise occupancy or rates.Pros:Potential to increase the property’s rental appeal and income.DIYing the basement could save on labor costs.Cons:Upfront costs and time investment.The additional space may not increase STR income enough to justify the expense.5.
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7 November 2024 | 15 replies
Should i also email them or text to show the court or is pictures of notice posted on the garage sufficient?
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8 November 2024 | 22 replies
You are holding expense and revenue growth the same.So at the end of the day, you are putting in very generic assumptions in your SFR model, then comparing to broad syndicator returns, which have vastly different assumptions.
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7 November 2024 | 45 replies
I have a vast degree of experience in section 8 rentals myself.
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4 November 2024 | 3 replies
@Bob Asad, it is vastly easier to obtain a HELOC on an owner occupied residence than on a rental.
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3 November 2024 | 15 replies
However if you're only managing for yourself, not others, it would probably be sufficient.