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11 June 2024 | 4 replies
You can use the income from the rental units to qualify and minimum down payment is 3.5%.
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11 June 2024 | 7 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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11 June 2024 | 6 replies
At a minimum, if you want to shelter W2 income you need to know the IRS rules regarding passive activity losses and the exceptions, and also about the largest tax sheltering deduction, which is cost segregation and bonus depreciation.
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11 June 2024 | 0 replies
Additionally, our strategic marketing efforts highlighted the property's new features, attracting buyers quickly.
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11 June 2024 | 4 replies
Interest income is treated the same as rent income for example.One other tip, we make sure to keep the MMA account balances at $250,000 or below to maintain FDIC insurance limits.
11 June 2024 | 2 replies
The more efficient solution might be to purchase from Grandma with the 25% down..you ca use the income to help qualify and obtain gift funds or other sources for the down payment.
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11 June 2024 | 4 replies
You know how many months you could afford to go without any income from a property.
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11 June 2024 | 6 replies
Let me know if you have any questions or need any additional help getting set up👍
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10 June 2024 | 1 reply
By adding an additional bedroom and putting modern updates throughout the home.
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11 June 2024 | 4 replies
Do you get the value of it back if you sell or does it increase the potential rental income?