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31 August 2024 | 4 replies
It could take many years, don't be like the "investors" I know who have been sitting on the sidelines since 2016 waiting for a market crash that never came.
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31 August 2024 | 16 replies
I do not know your tax situation, but I know most tax professionals are fairly busy and normally do not guarantee they will be able to file by the original timeline.
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31 August 2024 | 12 replies
. - let me know if I misread this.
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2 September 2024 | 22 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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1 September 2024 | 8 replies
I used to own my own residential construction business, let me know if theres anyway I can help you :)I really liked the recent duplex that sold in Vanier.
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31 August 2024 | 17 replies
I want to post to FB Marketplace too but it's annoying how you can't hide housing listing posts from friends on there as I don't want everyone knowing what I am doing.
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31 August 2024 | 3 replies
Does anyone know if you can use a cost segregation studies for STR properties that you may have outside the US (and use it against your US W2 income)?
1 September 2024 | 5 replies
If the one document you got showed a deposit of $1700, then that is what she's owed (minus any cleaning costs or damage that occurred after you bought it (ie you know she did it).
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1 September 2024 | 5 replies
I don't know MA laws, so generically:1) Do you need any lead paint, bed bug, or sex offender disclosure?
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1 September 2024 | 3 replies
I might go back to Canada eventually or move to another country in 10, 20 yrs… Who knows!