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19 March 2018 | 87 replies
Buy a car wash or put piles in a storage unit are two options.
20 March 2018 | 15 replies
Then, once each rental is done this way and applied to income or debt, they are going calculate your DTI and qualify or deny you based on the DTI requirements of that particular loan program (28%, 30%, 35%, 40%, 60+% back in 2005, whatever).The above underwriting method is know as "washing" the debt of each rental property with its income.Another way that they do it is they simply take the PITI of each property straight to the debt, and the rental income from each property straight to the income (usually also reduced to 75%); rather than washing it first.It is advantageous to the borrower's qualifications to "wash" the PITI with the rental income and then apply the remainder, whether positive or negative, to income or debt.
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19 March 2018 | 38 replies
Weight that against the cost of just having someone come out there sooner, and you might find it's a wash.
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22 March 2018 | 14 replies
@Mike Flora I was at J Martins last Oakland event.. and Bruce Norris did the keynote and I sat with Sean at dinner.Bruce likes SFR and half the Q and A for him was exactly that when is the crash coming and how deep will it be.his comments now were geared towards west coast but I do believe they are germane in many markets.He feels a market is not heading down until 20 to 30% or more of MLS is foreclosure acitivty or short sales and in our area that boat has sailed.. there is very little of either.He did mention though that he felt MF was to use his words " FROTHY" his statement was when he talks to other MF owners and ask them would you buy your property for what you could sell it for today or a like kind one.. it was a resounding NO.. which to him or his point was he felt it was over valued and at some risk for moving backwards.. and from my VERY limited knowledge on MF I suspect that only happens in an over build situation to many doors not enough renters and you have rental bonus wars..
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26 March 2018 | 1 reply
.- Rates stay the same, it's a wash. - Rates go down, you refinance and harvest the cashflow improvement.
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28 March 2018 | 5 replies
Now, this guy had a great job, dressed in a suit all the time, but wasn't a very good tenant, was he?
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29 March 2018 | 4 replies
Was he living in a mansion?
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30 March 2018 | 4 replies
If your highest tax bracket didn't change from one year to another, it is pretty much a wash.
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31 March 2018 | 2 replies
The SFH is right next to my work so I'm usually able to turn the house over during my lunch break, and I have enough sheets and towels that I can just replace with all new each time and wash on my own time.
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4 April 2018 | 19 replies
I used nice colored towels until a very nice renter washed them together, now all my towels are whit except one for makeup.