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1 March 2024 | 3 replies
On our side, we try to book the slower months and especially the low season far in advance since there are more properties than there are guests traveling and we want to be very competitive in the low season and avoid vacancies.
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1 March 2024 | 31 replies
Lesson: don't do illegal things like rent out units that aren't up to code - some people with paid off properties try to be cheap and do things like this or do under the table rent so they don't report rental income to the IRS.
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1 March 2024 | 1 reply
Analytics, research and reporting are centric to developing comprehensive project plans for each investment.Profit.
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1 March 2024 | 4 replies
Even in a 203k scenario, forgot to mention it be a 203k.Thank youIf you're adding square footage to make the residential space larger than the commercial space (51% minimum residential) and it is shown on the 203k SOR report, and reflected on the appraisal, the bank should approve it.
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29 February 2024 | 10 replies
There's pro's and cons.Pro's:Not reported on credit (doesn't damage DTI and can do unlimited loans)Low doc (no taxes, DTI, employment)Close in an entityCon's:Loans are higher rates, but not as high as some have said in this thread.
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29 February 2024 | 5 replies
https://www.rentspree.com/blog...Landlords and property managers are required by FCRA regulations to legally review a tenant’s credit report (with consent) for the sole intention of determining an applicant’s qualification to rent.
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1 March 2024 | 14 replies
Curious - please elaborate.Unless the major businesses in the DFW fold and collapse, I would be interested in hearing why you feel DFW, independent to any other Metroplex would 'decline significantly'. thank you in advance for your candor.
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1 March 2024 | 10 replies
Be on the board, send market reports on sales even if the listing wasn't yours.
28 February 2024 | 6 replies
However the property is still under my name, Do I have to report taxes for the SM LLC (which has its own EIN) that technically has no income?