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16 October 2024 | 7 replies
DU and LPA are automated underwriting systems (AUS) is used to assess mortgage applicants' eligibility.
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15 October 2024 | 5 replies
That being said, most lenders will require at least two years of W2 tax returns to verify income and assess risk when granting a loan, so acquiring finance may be complex.
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17 October 2024 | 5 replies
@Wayne KingI have not used them, although I've heard of them a few years ago.However, if you are still on the fence after finding someone who used them - Buy a few leads—start with a small test amount—and assess their quality for yourself.
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15 October 2024 | 9 replies
Property taxes in Columbus were re-assessed in January of 2024.
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20 October 2024 | 147 replies
No agenda, I don't like helping out the competition either, so this is probably the one and only time I will do anything other than try to cut you off at the knees.My honest assessment on you after your interview is that you should fire all 38 of your agents.
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15 October 2024 | 26 replies
The taxes in the towns i'm here in illinois are 3.1 to 3.4% of the assessed value.
17 October 2024 | 6 replies
It can be quite intriguing and interesting to hear of many of these returns and great on paper assessments, but the reality is, they rarley pan out in real life.
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15 October 2024 | 6 replies
A 700,000 FMV and Assessed Value property(most recent sale price is tax value) is taxed at $20,000/year.
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16 October 2024 | 10 replies
We're bringing a knowledgeable general contractor to the property walk-through next week to assess potential risks, and I will also check the HVAC and electrical systems myself, as I have some experience in these areas.
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16 October 2024 | 6 replies
This can be useful if you want to keep growing your portfolio without being limited by personal DTI or income requirements.That said, here are a couple of things to keep in mind:DSCR Loan Terms: These loans often have higher interest rates and different terms compared to conventional mortgages, so it's important to assess whether the potential benefits of restructuring the loan through your LLC outweigh the cost of refinancing.Asset Protection Plan: Even if you refinance into a DSCR loan, make sure to have a solid estate plan in place.