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7 January 2025 | 6 replies
This includes structural components of the building.
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19 January 2025 | 269 replies
This also costs 200-300 EUR depending on what's included.
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8 January 2025 | 8 replies
In any contract you don't typically need a clause saying what you CAN do, its assumed you can do anything legally allowed as an owner including sell.
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20 January 2025 | 57 replies
Not legal or tax advice, but I think every subject to purchase should include a wrap mortgage so that you create notes receivable income.
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9 January 2025 | 9 replies
Penalties of these Federal charges may include:30 years in prisonUp to $1 million in finesIt's a Federal crime.I'm not currently at foreclosure, but am recently out of state starting grad school, no income, and home needs repairs that I simply do not have the money to make.
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16 January 2025 | 7 replies
In a 1031 exchange, does the replacement property need to be more valuable than the total sale price of the deal I sold (including other investors), or just my individual portion of the investment?
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20 January 2025 | 19 replies
If they were looking out for my best interest and knew that they tenant was moving out, they could have taken that opportunity to show me the unit.I had been told that Ready REI’s "contractors" had gone through the duplex including the occupied unit and deemed it move in ready, however the home had MANY issues, and the unit that the tenant moved out of was a complete dump that required a ton of work – much more work than Ready REI let on.
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5 February 2025 | 28 replies
An alternative could be including photos of plants in your design.
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19 January 2025 | 147 replies
Your friend should include as many details as possible concerning how they were pitched the investment in the prom note.
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14 January 2025 | 15 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).