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23 January 2025 | 11 replies
In addition to interest and repairs, you can deduct off a 27 year depreciation on the home.
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21 January 2025 | 11 replies
Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and there's amazing appreciation potential.
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10 February 2025 | 11 replies
I sent you a message with an additional one.
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13 January 2025 | 16 replies
An umbrella policy for additional liability.
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23 January 2025 | 30 replies
The total deal with debt was above $10M but the total equity in the deal was around $4M.
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23 January 2025 | 10 replies
My biggest concern is managing additional units and tenants.
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20 January 2025 | 16 replies
I heard that you would need to get neighborhood approval in addition to the city approval...
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21 January 2025 | 6 replies
Additionally, be sure to have an accurate ledger and your signed lease agreement.
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8 January 2025 | 1 reply
As I studied earlier, the first thing you should do is marketing, then get a call and do a property analysis to understand if it's profitable for you, then meet with the seller and sign all the necessary papers, then if there is a debt in the bank we do a reinstatement quote, then do a title search to check if there are any hidden debts, if everything is fine we look for an investor or flipper and sign an assignment of contract with him and wait for closing to get our money.
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11 January 2025 | 13 replies
The challenge we're facing is the lack of short term rental data for the appraiser, and we won't know if it will meet the debt service coverage ratio (DSCR) requirements until the appraisal is complete.Has anyone dealt with a similar situation?