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24 May 2024 | 6 replies
I have been able to talk to a mortgage broker and have been approved for a loan as long as the appraisals accurately reflect the valuation.
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23 May 2024 | 7 replies
This indicates a shift from a seller's paradise to a more balanced market.Median Sales Price Holds Steady: The median sold price for residential homes sits at $469,998, reflecting a modest 1.9% year-over-year increase.Fewer Bidding Wars: Though sellers are still receiving close to list price (95.6%), the intense bidding wars of the past seem to be fading.
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24 May 2024 | 6 replies
Entities that are not "disregarded" need their own QBO to ensure their balance sheets remain 100% accurate.To @Jake Baker's point, we do run into an issue every now and then with some transactions that don't allow us to designate the customer/property but we've found ways to get around this and still have the transaction reflect the appropriate customer/property.This allows us to pull all the financial reports our Clients and their tax pros need to see.I'm in no way saying our way is the end-all-be-all but it works for us and our Clients' tax filers/advisors.There's a FB group called, "Bookkeepers for Real Estate Investors".
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23 May 2024 | 1 reply
Additionally borrowers could be asked to go once step further and provide copies of 12-24 month bank statements reflecting where the payments were withdrawn from.
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22 May 2024 | 0 replies
. - 6% cap rate reflects a nice safe part of Los Angeles, California, a prudent investment, not one that will make anyone rich overnight, but a place that higher net worth individuals park wealth to preserve it (imagine the depreciation write-off). 6% cap rate also tells us, right off the bat, that we're going to be in the ballpark of 60% LTV.- We will stipulate that this is hypothetical.Â
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22 May 2024 | 0 replies
This indicates strong investor confidence in the condo and townhome sectors.Median Sale Price: Prices climbed to $444,000, reflecting a 7.0% increase.Dollar Volume: The dollar volume skyrocketed by 27.5% to over $1 billion, showing significant investment and buyer interest.List Price Success: Sellers received 95% of their original asking prices, a slight dip from last year but still strong.Speed of Sales: The market saw a longer median time to contract at 46 days (a 24.3% increase) and a median time to sales at 85 days (a 13.3% increase).
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22 May 2024 | 0 replies
The median sale price has risen to $650,000, an 11.11% increase that reflects the undeniable allure of Palm Beach living.What's more, 48.8% of these sales were paid in cash—a clear sign of strong buyer confidence and a testament to the value of these homes.
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22 May 2024 | 0 replies
This indicates a strong and healthy market, where property values are appreciating steadily.Dollar Volume: An impressive 26.3% increase in dollar volume reflects the overall growth in the market, soaring from $793,424,108 to $1,001,865,280.
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23 May 2024 | 11 replies
IÂ explained to them my limitations and approach but they threaten to not pay because they do not believe the bill reflects their usage.
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22 May 2024 | 5 replies
Property Insurance: Ensure your insurance policies are updated to reflect the new ownership structure.Chris is right that the current debt is tied to you so will need to refinance to improve your DTI.