12 May 2024 | 12 replies
There is a DSCR loan which goes off of the rental income itself .
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13 May 2024 | 9 replies
No one made an offer, and the agent forgot to take off "Best and final due by May 9th" for a few months.
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14 May 2024 | 10 replies
I would still suggest enlisting the services of a professional, however, as someone with more in-depth knowledge of your situation would be able to give a much more personalized and tailored answer for you.EDIT: I can only think of one reason off the top of my head where amending a previous year's return is the correct way to do something that you couldn't otherwise do when filing an original return.
15 May 2024 | 21 replies
I just should have left that information out in general as it steered the whole conversation away from the question about tips on investing with partners and it seems like the thoughts is to start off investing on my own and then go in on future properties with them.
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13 May 2024 | 237 replies
I can't read the text (hence audible) and am getting thrown off by a calculation made in Chapter 7 min 33:45(audible), Chapter 5 (hard copy)2000/300,000 = 1.5% BUT 2000/300,000 really = .0066667After re-listening to it, I just figured that he meant to say it the other way around: 300000/2000 = 1.5%It's in reference to the 2% rule if that helps you find it.
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12 May 2024 | 9 replies
Tenants will bring in family members who are temporarily/permanently homeless, single moms will bring in new boyfriends, daughters who produce children will have a tendency to drop their offspring off with grandma and grandpa to raise, etc..
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12 May 2024 | 6 replies
I am also skeptical about the price, even for Rochester, NY - there is something off.
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13 May 2024 | 38 replies
However, that is all off topic.
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13 May 2024 | 19 replies
On the opposite side of the coin you can buy land for storage units in places where the land can't really be used for anything else (Near RR bridges, highway off ramps, etc..) .
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12 May 2024 | 5 replies
From what Ii understand brokers pass deals along to past client they know can close a deal and when it hits the market its almost like a graveyard...I think for myself I'd be better off closing a deal with a mom-n-pop type owner and hopefully seller-finance an older property with some value-add to force appreciation.I appreciate your response, do you have any feedback on this?