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22 June 2024 | 5 replies
This will help you to communicate with the tenant regarding maintenance requests, demands for service, handling maintenance and repairs during the tenancy, what the tenant may owe during the tenancy, handling security deposits and claims, etc. 4.
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24 June 2024 | 4 replies
Yes, once you purchase the property, the property taxes will go up on January 1st of the following year based on the purchase price.
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24 June 2024 | 1 reply
Hey Ashley,Section 8 provides a subsidy to low-income tenants to help cover their rent, with the amount varying based on factors like local housing costs and tenant income.
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23 June 2024 | 1 reply
Anything greater than 5+ units is considered commercial and usually underwritten based on the occupancy and rental income. - For greater than 5+ multi family properties the 'best' initial source for financing could be a local credit union or bank.
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25 June 2024 | 11 replies
Hi Kaushik, I am a CPA based in Dallas and have transitioned into real estate.
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24 June 2024 | 2 replies
Hello, Mark Svendsen, based on the information provided, here’s my analysis and some considerations regarding the trustee's decision and your options:1.
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25 June 2024 | 6 replies
Unfortunately this is not a strategy that rallies the base for many politicians running for local office, so getting this impemented widespread is easier said than done.
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24 June 2024 | 3 replies
This will be subordinate to the existing FHA loan, but you’ll need to qualify based on your credit score, income, and debt-to-income ratio.Home Equity Line of Credit (HELOC): A HELOC could also be an option, offering flexibility in how you draw and repay funds, though it might come with variable interest rates.Balloon Payment Loan: This type of loan can offer lower initial payments with a large lump sum due at the end of the term.
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24 June 2024 | 7 replies
Real Estate Update Here's the latest market report (based on single family homes): Mortgage Rates:30-year conventional rate today is 7.15%30-year VA rate today is 6.65% Median Sales Price:March: $475,000April: $476,000May: $475,995 New Listings:March: 1,845April: 1,957May: 2,099 Median Days on Market Until Sale:March: 16April: 12May: 13 Months Supply of Inventory:March: 1.9April: 2.2May: 2.2 What does "Months Supply of Inventory" mean?
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22 June 2024 | 1 reply
The company I've used in the past in no longer providing the service of reporting delinquent rent charges & damages to the three major credit bureau's.