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17 December 2024 | 3 replies
.), Either a US credit report or credit trade line history in your country of origin, US Entity documents (EIN, Operating Agreement, Articles of Organization,), 2 months bank statements for proof of closing, and 6-12 months reserves on top of closing costs and DP.
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20 December 2024 | 20 replies
If syndicator is building reserves for the first year of ownership, for instance, and not paying distributions, AND recognizes rental profit, you will have a larger tax bill that year, since you "made money" in the IRS's eyes, even though you did not receive any cashflow from your syndicator.On a more general note, a preferred return does not mean you will get that amount of cash flow each year.
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13 December 2024 | 35 replies
So call it $60K for the down payment, and another $8,200 for reserves.
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21 December 2024 | 14 replies
Yes there are products that can up to 80% LTV for DSCR with 6 months reserves.
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6 January 2025 | 31 replies
SBA loans can also be used to acquire laundromats, but it can be tough for a few reasons, some of which apply to smaller size businesses in general.1) Cash nature of the business - This is changing over time as more mats are gaining card systems, but there are still mats out there that only take cash.
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14 December 2024 | 3 replies
And having reserves or cash flow is key - will help you absorb any unforeseen situations.
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18 December 2024 | 0 replies
For the 10 year period spanning November 2014-2024, single-family prices in Austin nearly doubled, yielding an annualized appreciation rate of ~9% in that period.With inflation nearing its 2% target and signs of a slowing labor market, The Federal Reserve recently made its third cut to the federal funds rate since the start of the COVID pandemic.
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16 December 2024 | 7 replies
Anybody here that reserves a townhouse In Palm Bay with D32 Invest builder in Florida for about a year and then they jack up the price by 25% basically taking away all the appreciation?
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15 December 2024 | 7 replies
As far as ethically that is part of my nature and I don't care for the aggressive (potentially predatory) strategies discussed by others, but I see value in offering a transparent and convenient service with lower costs and faster turnarounds than traditional MLS transactions.
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14 January 2025 | 329 replies
So I believe I can pursue this in September since the judicial council has ended the eviction moratorium so court proceedings of this nature other than covid can proceed.