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13 January 2025 | 31 replies
At 23, your unfair advantage is time that is not constrained by collecting commitments of a family.
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23 December 2024 | 15 replies
Many borrowers file this form as an exclusion to their US federal taxes as they may have been taxed by the country where they are earning the income.Required Documentation for Foreign IncomeWhen it comes to processing foreign income for a loan, documents required may include:» Most recent personal tax returns» History of receipt» Proof of continuance of foreign income earnings» Conversion of the income from the foreign currency to US dollarsThese documents must be translated or completed in English so that a loan reviewer can properly evaluate the information provided.Fannie Mae & Freddie Mac GuidelinesIncome from Foreign SourceIncome from foreign sources must be reported on the borrower’s most recent U.S. individual federal income tax returns.
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26 December 2024 | 3 replies
Not only can you collect rent to go towards your mortgage, you're also building equity that can potentially be used down the road for your next home or investment.
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24 December 2024 | 1 reply
If I reach out to a realtor, will they expect me to pay them to collect comps for me?
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9 December 2024 | 4 replies
Get the judgment and frequently the court personnel will instruct you on how you can collect.
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31 December 2024 | 57 replies
They will have proof you requested the service, so as long as the charge is reasonable it should stand up in court if you tried to evict for nonpayment or something like that.
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7 January 2025 | 28 replies
Sometimes it can be difficult to collect and some landlords will keep any unpaid utilities out of the security deposit, though CA is one of the trickier states to do this in.
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27 December 2024 | 16 replies
A savy agent sensing a situation like that might simply ask for proof of funds before showing the house which a nosey neighbor is unlikely to have.
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8 January 2025 | 33 replies
So B2C is out, but perhaps B2B might be an option (e.g providing a streamlined solution for all of the major mortgage servicing companies for collection of payments.
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28 December 2024 | 11 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.