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21 October 2024 | 6 replies
I saw a headline this morning for a product that is capable of detecting marijuana smoke.
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21 October 2024 | 9 replies
My guess is a slim ball agent pooped on his waffles one morning and I am truly sorry he has those feelings.
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18 October 2024 | 3 replies
So I divided total fees by loan amount to get points of 7.7xxxx hmmm
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18 October 2024 | 7 replies
Also, explain how you'll share the acquisition costs, such as the down payment, renovation, and closing costs.Payment Responsibilities: Explain how to divide and pay for regular costs like mortgage, property taxes, insurance, homeowners association fees (if applicable), and upkeep expenses.Management and Maintenance: Agree on how property maintenance, repairs, and improvements will be handled, including decision-making processes, funding for these activities, and responsibilities for performing or managing the work.Single Decision Point: For example, I've seen situations where one person agreed to replace an appliance while another strongly opposed it.
21 October 2024 | 1 reply
Gross rent multiplier (GRM)The gross rent multiplier is the purchase price divided by the gross annual rent.
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23 October 2024 | 28 replies
Inform your LTR tenants about these rules and let them know they can report any excessive disturbances directly to you.Communication: Keep an open line of communication with your long-term tenants, so they feel comfortable voicing any concerns early on.Outdoor Amenities: If there's a shared yard or patio, think about dividing these spaces further to give both STR guests and LTR tenants their own zones.Protecting Your STR from Bedbugs:Mattress Encasements: Invest in high-quality, bedbug-proof mattress and pillow encasements.
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18 October 2024 | 2 replies
Good Morning all, am in the process of selling my coop first per loan officer and will be buying coop (2bedroom) pending sale of unit on contract we signed- my question is when I do my taxes will I be hit with anything ?
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17 October 2024 | 4 replies
To do this, divide the cost based on the ratio of the fair market value (FMV) of each asset to the total FMV of the entire property at the time of purchase.If you are uncertain about the FMVs of the land and the buildings, you can alternatively allocate the cost based on their assessed values for property tax purposes.Source: IRS Publication 527 (Residential Rental Property)
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18 October 2024 | 7 replies
I just divided a 5 unit building and it was about $18,000.