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24 February 2024 | 9 replies
The lender deemed the master policy provided by the condo association to be sufficient for their purposes.
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23 February 2024 | 12 replies
And presented in very complicated way, hard to bring them to an apple to apple comparisson.One way to mitigate the lack of a net metering agreement is with a battery system (see Tesla Powerwall) - a very expensive way to become a truly self-sufficient energy producer (basically you become your own power plant), which rarely makes financial sense unless in a region with frequent power loss or in an off-grid scenario.
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22 February 2024 | 11 replies
We have a 1/1 so it's sufficient since we usually only have 1 guest at a time, occasionally 2.
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21 February 2024 | 9 replies
In the sense that trailers provide low-income people with the possibility to be self-sufficient and at least some asset ownership, I think he would favor them.
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21 February 2024 | 6 replies
If you have good credit and sufficient income, that might work.
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21 February 2024 | 5 replies
While I have sufficient capital to undertake 1 or 2 flips at a time, the high cost of properties in the DMV area makes scaling challenging without resorting to interest-based financing.Is this feasible, or is it a stretch?
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21 February 2024 | 32 replies
Wait for mid term, mostly an HELOC From your town home will be sufficient for your next down payment or a few homes in GA.
21 February 2024 | 23 replies
In addition, the owner of the home must not own more than three single-family homes.3) They are unable to provide sufficient documentation, such as the emotional support animal letter, that verifies the ESA is necessary for their health and well-being.4) The tenant provides fraudulent documentation attesting to their need for an emotional support animal (usually a fake emotional support animal letter).5) The landlord can demonstrate that making accommodations for an ESA would impose undue financial burden or logistical burden. 6) The animal is destructive to the property or displays threatening behaviors that could put other tenants or yourself at risk.7) The size or nature of the animal makes it impossible to house safely or humanely.
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20 February 2024 | 6 replies
I feel like value-added opportunities would be easier in SFH over MFH for resales because families would purchase SFH differently from MFH which could be something to keep in mind in the long run as a safety net if you needed to sell because renting wasn't sufficient.
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20 February 2024 | 1 reply
The formula for calculating DSCR is straightforward:DSCR=NetOperatingIncome(NOI)/TotalDebtServiceNet Operating Income (NOI) represents the property's income after operating expenses.Total Debt Service includes all debt obligations, such as loan payments, property taxes, and insurance.A DSCR ratio above 1 indicates that the property's income is sufficient to cover its debt obligations, while a ratio below 1 suggests insufficient cash flow to cover debt payments.Lenders usually have specific DSCR requirements, with higher ratios indicating lower risk for the lender.