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16 December 2024 | 21 replies
It's an extremely clear lease clause, tenant gets discount based on painting of rooms landlord chooses.
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11 December 2024 | 3 replies
I would do this first before engaging an agent unless you are extremely active.
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9 December 2024 | 8 replies
It’s unlikely to provide the immediate tax write-off you're envisioning.I’d recommend consulting a CPA to clarify your situation, especially if you’re splitting usage between personal and rental.
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13 December 2024 | 6 replies
Any competitive DSCR program is going to be in the 90-day seasoning range for allowing a refinance based on the newly appraised value.Your 9-month seasoning should not be an issue, barring an extremely unique situation (like inheriting a property or having it gifted to you).------------------------------------• 0-6 Months (Delayed Purchase, no Rehab completed) - up to 80% of purchase price• 6+ Months (Cash-Out Refinance, no Rehab completed) - up to 75% of appraised value• 0-3 Months (Cash-out refi, Rehab completed) - 75% of appraised value [good rates]• 3-6 Months (Cash-out refi, Rehab completed) - 75% of appraised value [best rates]
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7 December 2024 | 1 reply
The system must be large enough to meet the building's annual electricity usage.
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16 December 2024 | 43 replies
But after getting to a certain point in the process (keep in mind I haven't closed yet) I am left feeling extremely nervous with what the future holds on this property as far as some things go.
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15 December 2024 | 8 replies
@Kieron Osullivan That was EXTREMELY helpful, thank you so much.
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13 December 2024 | 10 replies
If that's not the monthly income, you are arriving at your cap rate by using incorrect expense ratios/expense figures and/or the property benefits from an extremely favorable tax abatement which skews the operating costs.
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10 December 2024 | 12 replies
For the few that understand this niche it can be extremely lucrative.Takes less money, less time and hassle, and there’s little competition.
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11 December 2024 | 8 replies
I would also tell you to be extremely careful when doing contracts with builders.