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13 January 2025 | 2 replies
That one is a big deal for rebuilding.I've also heard of property tax reductions for properties significantly damaged during the storm.Depending on the property and what you want to do, the hurricanes affected property tax, insurance, and permitting in a lot of ways.
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13 January 2025 | 11 replies
Follow the step for the deposit-even if it is to send a registered letter to their last known address stating that the deposit was used for outstanding rent and whatever damages or cleaning was needed (itemize it).
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21 January 2025 | 3 replies
Another possibility could be a home equity line of credit (HELOC), if you have sufficient equity in another propertyGood luck with your project!
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6 February 2025 | 10 replies
No matter your level of experience, credit standing, or financial resources, Property Investment Funding, LLC is eager to partner with you.
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30 January 2025 | 56 replies
Quote from @Michael Smythe: @Zachary YoungRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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22 January 2025 | 5 replies
One of the key challenges I’m facing is understanding the financing options available to someone without Canadian residency or a local credit history.From my research, it seems that a 35% down payment is often required, with interest rates around 7.5-8.5% for non-residents.
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24 January 2025 | 12 replies
What is your credit score?
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27 January 2025 | 7 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
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7 January 2025 | 24 replies
Its not my account, its not my SSN and its not my money up and until the end of that tenants occupancy and the funds revert to them or to the landlord for damages.
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27 January 2025 | 7 replies
@Jeffrey Bourque Are you planning to finance this with a local bank or credit union?