13 December 2024 | 4 replies
If you find a sublet-friendly co-op and it requires an "All-Cash buyer", there could be a good reason.The points you mentioned regarding co-ops are valid but do not apply to all co-op boards across this market.
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9 December 2024 | 1 reply
At closing, the accumulated credit is applied to reduce the purchase price, eliminating the liability.
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16 December 2024 | 1 reply
If your rental property is occupied, there are different rules that apply for selling to an investor versus selling to a buyer who intends to occupy the property.
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20 December 2024 | 20 replies
Depreciation recapture may also apply, taxed at up to 25%.
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13 December 2024 | 6 replies
Nope that does not apply to business purpose financing.
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13 December 2024 | 13 replies
@Joy McQuearyRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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12 December 2024 | 6 replies
The loan programs of your buyers will dictate how much of a credit you are allowed to apply to their closing but it certainly helps to move inventory when you offer an incentive.
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13 December 2024 | 2 replies
Transitioning to Business Credit CardsOnce your business credit profile is established, apply for business credit cards.
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18 December 2024 | 15 replies
Then these are applied to all properties in that area of the city.
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16 December 2024 | 23 replies
@Celine Li Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?