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9 February 2017 | 5 replies
My general rule of thumb (and obviously I'm focused on "what will screw with you getting a mortgage," so if that's not you, feel free to disregard) is that if your taxes are simple enough to use 1040ez, you're salaried W2, and you're taking the standard deduction rather than itemizing, go for it with the software.
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10 February 2017 | 5 replies
Your landlord must be a rookie, a good landlord will fix those items for several reasons, but most important, to take care of their unit and keep the tenant happy so that they will not know.
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9 February 2017 | 12 replies
To give you some "big picture" items about FHA loans, they carry a low down payment but the closing costs are higher.
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10 February 2017 | 15 replies
One very important item to keep in mind when buying with cash and seeking to do a cash out loan in the first 6 months is that you will be limited to 75% of the After Repair Value OR purchase price + closing costs....whichever is LOWER.
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4 February 2017 | 17 replies
HVAC replacement, appliance replacement, window replacement, concrete flatworm replacement or repair, etc..repairs that are unusual or irregularly done (not regularly done)".ie. those are mostly capital expenditure items, and as @Steven Preston pointed out above: "NOI does not take into consideration debt service, capital expenditures*, or depreciation".
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6 February 2017 | 3 replies
@Steve Cady...IRS filings are one of the important items a servicer should be providing as part of their services to their clients.
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10 February 2017 | 20 replies
Investors who do not consider these are in for a huge surprises when the big ticket repairs items hit the pocket or if you decide to move out of town and want to professionally manage the property......and poooooof......!
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3 February 2017 | 5 replies
I did just want to point out a few key items that might help you locate a turnkey provider.
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5 February 2017 | 11 replies
So now you can qualify for your next house.You will have to pack your personal items, and move to YOUR NEXT HOME OR -->APARTMENT.That's right, if you are not in a position to BUY your next home now-- it is better for you to RENT an apt for yourself AND rent out your former residence ( it just became a great rental property!)
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16 March 2021 | 6 replies
This determination has just as much to do with understanding what parks “not to buy” as it does “parks to buy”.Successful negotiation - Assuming you are good at the prior skills, you will still need to understand valuation of parks, so the end result is an acquisition of a park at a fair price that will allow you to be successful.Due diligence - Understanding what items to investigate and how to navigate the process to eliminate surprises.