John McKee
Don't forget to file your BOI Reports by the end of the year
27 December 2024 | 6 replies
—namely, Isaac Winkles, reporting companies for which Isaac Winkles is the beneficial owner or applicant, the National Small Business Association, and members of the National Small Business Association (as of March 1, 2024)—are not currently required to report their beneficial ownership information to FinCEN at this time.On Tuesday, December 3, 2024, in the case of Texas Top Cop Shop, Inc., et al. v.
Zach Harsh
Are Tyler Deveroux, Ryan Woolley, Multi Family Mindset a Scam?
4 February 2025 | 26 replies
These particular students were so mad they broke their contract with Multifamily Mindset just to not be associated with Ryan and Tyler anymore.When you ask their coaches and team members how many deals they have done and how many doors they are in it is very difficult to get them to actually tell you.
Paula Impala
Norada Capital Management suspending payments
31 December 2024 | 418 replies
No degree is needed to comprehend the word "RISK".
Scott Trench
2025-2026 Might Be One of the Best Stretches to Purchase Multifamily Since 2010-2011
3 January 2025 | 8 replies
Everything you said is exactly why-- debt levels, market demand, associated costs(taxes & insurance).
Jonathan Chan
How Are You Using your SDIRA?
28 December 2024 | 6 replies
I have rental property not associated with the SDIRA and for me it's much easier to manage.
Alvin Sylvain
Anybody play this game called "Tenants" on Steam?
24 December 2024 | 9 replies
But it wasn't just the video game, he had 3 or 4 monitors, 180 degree view, a steering wheel, pedals, an 18 gear shifter, you name it.
Benjamin Carver
Building an ADU in Raleigh NC: Here's What You Need to Know
6 January 2025 | 8 replies
Other things to consider:HOA RESTRICTIONS: If your property is part of a homeowners’ association (HOA), check their rules, as they may prohibit or restrict ADUs even if city zoning allows them.
Doug Wade
Best STR books to read!
30 December 2024 | 16 replies
That limits LTR possibilities IMHO to some degree.
Samuel Gebretnsae
Seller said "He is not required to disclose water damage repair done"
8 January 2025 | 27 replies
(Excluding FEMA insurance claims)We recently sold a home we foreclosed on in Georgia and I am pretty sure they had a specific form for disclosure of insurance claims we had to complete (my associate did all the paperwork but asked me about the form). not sure if it was fema or not.The form if there was one was optional, because Georgia is a Caveat emptor state.
Juliet Silver
Best Lenders for Canadians to Purchase in Florida
27 December 2024 | 15 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).