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6 January 2025 | 5 replies
Do you have any projections for what will happen with the insurance market for this year, or is it even possible to project?
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15 January 2025 | 3 replies
Hello all,I just closed on my primary residence with an FHA loan so I am not able to house hack since I am obligated to live in the residence for a year.
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17 January 2025 | 3 replies
This approach simplifies the sale and avoids unnecessary legal or tax complications.If she want to share the proceeds and tax obligation in a technical way, she need to file a partnership return for this property.This post does not create a CPA-Client relationship.
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18 February 2025 | 27 replies
One requirement for this loan product is that the rehab must be completed by a licensed and insured contractor approved by the lender.
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11 February 2025 | 5 replies
Mortgage PITI would be around 5300/m total w insurance, seller financing is around 3600/m w principal, 3100/m with just interest.
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22 January 2025 | 13 replies
I feel sorry for the people losing everything in the fires , insurance will go up .But I wish I was the guy driving this bulldozer ;t=162s
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13 February 2025 | 15 replies
you just input the address and it import the information which has bedrooms, bathrooms, and square footage. just be careful with the insurance and property tax data.
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5 February 2025 | 5 replies
Maintenance/cap ex, insurance, if a rental PM, bookkeeping, misc.The fact you have a loan means 1) leverage 2) equity pay down.In addition, there are tax benefits.So I will do some rough underwriting as an OO non-rental at 95% LTV (because FHA has some undesired consequences that make the 1.5% difference in LTV worth avoiding the FHA).equity paydown: 20% (using OP interest rate at 95% LTV and not counting closing costs).
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28 January 2025 | 14 replies
By utilizing section 8 income we will turn it into a property that is insured beyond belief and make over $ 418,000 gross $320,268 net.