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7 February 2025 | 10 replies
Run a credit check, which will include her address history and the dates she lived at each one.
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28 January 2025 | 11 replies
The deal sounded good at the beginning but thought it included his fee and it didn't so he's tacking on his 20% on every bill.
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14 February 2025 | 18 replies
Popular markets often include beach towns, mountain retreats, and areas with strong tourism.It’s also important to research local regulations, occupancy rates, and management costs to make sure the numbers work.
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25 January 2025 | 4 replies
So does anyone have any guidance and ideas or know any banks that do rehab loans were all the money including labor is upfront and then we pay a monthly?
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28 January 2025 | 1 reply
In total, including money lost from rent, legal fees, and repairs, the situation cost almost $30k.
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14 February 2025 | 43 replies
However those that are .. i see this stuff as fine tuning and there is network opportunities for those doing deals.. but it cant be Hey I am just a beginner and i have no real capital and just because i am part of the club you should do deals and include me.. does not work that way.
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12 February 2025 | 14 replies
Although things will change this year, between HELOCs, 1031 Exchanges, and a Business Partnership, I'm up to 15 doors (including my personal residence) and I haven't done a down payment since 2015.
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14 February 2025 | 24 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 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
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7 February 2025 | 9 replies
K1s show your share of income or losses from the partnership, and you include it on your respective personal tax returns.Now, to your partners.
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23 February 2025 | 9 replies
I'm a new (soon-to-be) investor although I'm narrowing down my buy box including the market and strategy.