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24 January 2025 | 4 replies
It's people who understand that it takes effort to become successful, typically from CA at this point, and have a way of showing those characteristics, do best.
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11 January 2025 | 1 reply
They’re requesting what feels like an unreasonable amount of information, and the demands keep escalating.So far, they’ve asked for:A video tour of my home officeCredit checks on me and my partnerCopies of the deeds for every property we ownA copy of my partner’s home lease and utility billsBusiness phone billsA signed letter from the bank verifying our accountsBank statementsHonestly, it feels more like qualifying for a loan than trying to become a customer.
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16 January 2025 | 0 replies
While I don’t typically work with real estate agents to find deals, I do collaborate with other professionals throughout the process.
14 January 2025 | 7 replies
Meaning, the bank wants to see that a property cash flows for typically one to two years of tax returns before they count it as income.
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7 February 2025 | 14 replies
I typically advise investors to wait until after closing before quitclaiming a property into their LLC.
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21 January 2025 | 10 replies
Typically it would be the tenants responsibility to provide access.
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27 January 2025 | 35 replies
However, required downpayments were typically 40-50%, and would be difficult without a residency visa.
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15 January 2025 | 7 replies
I doubt including utility fees in in the PMA.
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11 January 2025 | 2 replies
@Polat CaglayanI've never seen a formula but here is a general rule of thumb for multifamily:The class of an apartment refers to the quality of the building, which can be determined by a number of factors, including age, location, and condition: Class A: These are the highest quality apartments, typically built within the last 15 years.
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15 January 2025 | 11 replies
Condo's are usually on the cheaper end of cost for appraisal reports, typically not $750 (but if it's a high end condo or in an area with there's some complexity, the fee can reflect that).