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22 February 2017 | 4 replies
I'll give you a quick run down on the closing costs from a duplex I purchased for 250K:Loan origination charge: $750 (this may be 1% of the PP, however we went through a credit union on this one)Appraisal fee: $275 (I've seen this fee go closer to $600 on some purchases )Credit Report: $11Tax Service Fee: $70Flood Cert: $9Title Services and Lenders Title Insurance: $1,520Owners Title insurance: $271Government Recording Charges: $92Transfer Taxes: $519Your pre-paids and taxes will depend on how you set it up.
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23 November 2015 | 5 replies
Where do I report this on my taxes on Schedule C, and is there a need for 1098 or 1099INT?
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24 November 2015 | 3 replies
Get a copy of your credit report and pay off some of the old ones.
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23 November 2015 | 11 replies
The fire report clearly stated Operational Smoke Detector and Extinguisher were present.
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23 November 2015 | 1 reply
Based on the past 24 months of operating reporting that I have, it looks like the average expenses is $452/month (including the property management fee).
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24 November 2015 | 3 replies
About two months had gone by and we still never got any sort of report or P&L.
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25 November 2015 | 7 replies
Just like how your properties now effect your DTI - You would use the IRS for 8825 to report your income like you would on a schedule E and then it would be applied to your taxes depending on the percent of ownership.
3 July 2016 | 1 reply
I can provide a property report with all significant figures.Does anyone have any feedback on how they've sourced their financing for mobile home rentals?
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30 November 2015 | 14 replies
There often will not be a cost for reports like this if you let them know you plan to make some acquisitions and would use them for title insurance for your closings.
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18 December 2015 | 8 replies
You might go to the library and check Consumer Reports magazine for a recent snowblower review.