Shaheen Ahmed
Property taxes on rentals
18 December 2024 | 15 replies
Since they can't do each property individually, they use comparable sales to make broad generalizations to determine percent changes.
Victor Tofilski
Why is my unit still vacant?
31 December 2024 | 49 replies
Also consider short term month-month leases on airbnb, renting individual rooms, month to month leases, just to get the cashflow energy flowing again.
Marcus Welson
1031 exchange identification deadline extension
9 December 2024 | 2 replies
However, the actual deadline would be April 15, 2025 my individual tax payer filing deadline per Rev.
Sharad Bagri
How to transfer loan from individual to LLC
28 November 2024 | 10 replies
Normally, the transfer of a loan from an individual to an LLC will lead to a due on sale clause.
Tyler Rabanus
DSCR Cash Out Refi Questions
15 December 2024 | 14 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
Timothy Franklin
Clarifying the wholesale transaction
15 December 2024 | 7 replies
Gray area interpretation up to individual courts which have rendered seemingly contradictory decisions.
Li Li
Seeking Local Insights for SFH Long-Term Rentals in Knoxville, TN
7 December 2024 | 1 reply
Specifically:Share your experiences investing in Knoxville.Recommend resources or tools for market analysis.Help me find off-market properties, turnkey rentals, or connect with wholesalers.I’m eager to learn from this community and collaborate with like-minded individuals familiar with the Knoxville market.
Spencer Wayne Whitley Jr.
General Contractor looking to finance new construction
9 December 2024 | 14 replies
I remember when Lending Home, now Kiavi started, there really wasn't anyone other than banks and private individuals that would finance a new build...and those were hard to find.
Rob Dallek
Transferring title on a property received as a beneficiary from a self directed 401k
9 December 2024 | 1 reply
My late wife and I held joint interests in a piece of real estate in our separate individual self directed 401k accounts.
Kevin Zmick
Having Trouble Renting Unit in First Property
19 December 2024 | 22 replies
Giving away the place cheap only creates more work for yourself screening lower income individuals, and attracts scammers.