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16 February 2025 | 7 replies
You can give them whatever notice is required by their existing lease to enter, go in or send your pm and take photos to use to compare for your records on move out.
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5 February 2025 | 4 replies
Every job I see requires 3+ years of experience and knowledge of multiple different programs.
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31 January 2025 | 3 replies
The lender had their own unique requirements.Â
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6 February 2025 | 3 replies
Has anyone dealt with a similar situation and still was able to pass the housing code enforcement inspection (1 / 2 required inspections)?
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18 February 2025 | 9 replies
This will require a commercial loan for you or the next buyer.
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2 February 2025 | 8 replies
Loopnet has some comp information, but requires a paid (and not cheap) account to see it.Commercial properties are generally valued based on income, not comps per se.Â
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30 January 2025 | 3 replies
So I’ve read that unbrella insurance providers require you to use them for car and home.
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29 January 2025 | 3 replies
Quote from @Pamela Rivas: Hi Natasha,Here are some key points to consider about setting up a Mexican corporation:Setup Costs: $1,500–$3,000 USDOngoing Costs: $1,000–$2,000 USD/year (accounting and tax filings)Benefits: Tax deductions for expenses like maintenance, repairs, and managementBest for: Multiple properties or income-generating investmentsWhile a corporation is ideal for managing multiple properties, it’s NOT required to obtain an RFC.
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10 February 2025 | 16 replies
Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.
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5 February 2025 | 2 replies
I know there is not a ton of resources that don't require large financial commitments, just wanted to see if anybody knew of cheaper alternatives.Â