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21 October 2024 | 0 replies
I wanted to get a breakdown of all of the costs associated with using them to fund the majority (90% LTC, 100% rehab) of this deal.
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20 October 2024 | 1 reply
A big reason is the owner occupancy requirement associated with the JADU.
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21 October 2024 | 176 replies
I guarantee that historically the risk associated with sitting the sidelines has impacted at a higher rate than the risk associated with an RE crash.
21 October 2024 | 9 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).
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18 October 2024 | 13 replies
This includes promises of kickbacks or helping a friend sell his house for a certain % or compensation.I would have to dig out the statute, but I believe it's a 3rd degree felony now in Florida.However, there are a plenty of options for you:1.
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21 October 2024 | 10 replies
The contractor doesn't have to be named and associated with the permit until the billing statement is ready for issue.
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23 October 2024 | 19 replies
Am currently looking for a new preparer and am curious to discover the new cost associated with the preparation.
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25 October 2024 | 26 replies
I believe at the end of the day, taking the gross revenue number and breaking down the costs associate are what matters.
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23 October 2024 | 10 replies
When I asked Amy about this she sent this to me in her reply threatening financial ruin on me and my family if I complained to the BBB (no idea where she even got this from), but this should tell you all you need to know about this company:"Our Corporate Attorney wants to make it very clear to you, Jason, if you complain to a 3 rdparty or post anything negative online about the company, associates, or coaches you areintentionally maliciously defaming our company and since our reputation is veryimportant to us that leaves us no other option than to have our Corporate Attorney sueyou for Defamation and/or Fraud.
24 October 2024 | 18 replies
This is mind blowing, I'm for sure just going back to the plain jane WI realtor association residential lease contract.