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20 December 2024 | 9 replies
A more accurate way to describe it is "I received no income" - because you can have deals but still have no profit if your expenses are greater than your income.If you were actively looking for deals (and can document it) - as opposed to merely planning to start later - then you file Schedule C and claim business expanses such as marketing, driving, technology and so on.
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19 December 2024 | 9 replies
Also do not take documents off the internet, get an attorney to draft documents for you and also always close with a title company.
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16 December 2024 | 7 replies
Do you have anything to justify or document the "below market price" like an appraisal or even BPO?
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19 December 2024 | 2 replies
The records of the closed title company MIGHT show how they handled the issue, but more likely they missed this issue otherwise as part of their solution a mortgage satisfaction document would have been recorded at that time. 4.
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5 December 2024 | 12 replies
Here, once you have an account and a bit of lending experience, you can access the online, fill-in-the-blank templates to create your own set of documents.
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18 December 2024 | 20 replies
According to a 2016 tax sale for Anne Arundel county, MD process document the rate is now 12% from there website.
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18 December 2024 | 4 replies
I found this fact sheet which seems to indicate it would be possible to evict the rent stabilised tenants so long as they haven't been living there for more than 15 years or are older than 62 or disabled: https://hcr.ny.gov/system/files/documents/2020/10/fact-sheet...
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18 December 2024 | 6 replies
However, if they are still considered a short-term guest under lodging rules, you may have more flexibility, though the specifics can depend on local regulations in Seattle.Since this can become a legal gray area, I recommend documenting all agreements, payments, and communication with the guest.
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17 December 2024 | 86 replies
Are there any other no documentation loans other than DSCR loans that I should look into?
20 December 2024 | 4 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?