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17 March 2018 | 15 replies
I just did a quick google search and Baltimore County requires all rentals to have hard-wired smoke detectorshttps://www.baltimorecountymd.gov/News/PoliceNews/...In addition Baltimore REIA has an article which indicates that the city requires hard-wired smoke detectors as well:http://www.baltimorereia.com/smoke-detector-law/If you read the Baltimore REIA article carefully it lays out when battery powered detectors must be upgraded to hard-wired but of course you should not solely rely on their article.
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12 March 2018 | 3 replies
AND with an additional caveat: the PROVABLE cash flow from the property must service the debt with a cushion of at least 20 -25%, so a debt service coverage ratio of 1.2 - 1.25.That being said, the 'gap' can, in some cases, be filled by seller carrying back a second lien.
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11 March 2018 | 4 replies
However - to do an FHA loan in a condo building, the entire building must be approved by FHA.
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16 May 2018 | 9 replies
@Carley Corbin go must go to that specific counties website and click on auction calendar.
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11 March 2018 | 2 replies
I assume that although you took on a pretty big project in a new area making you essentially a 'newbie' - your previous BRRRR experience definitely must have contributed to the success on this project.
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10 March 2018 | 0 replies
HelloThis may seem to be an insecure question but I must ask: How do I properly structure a transactional funded deal?
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11 March 2018 | 5 replies
The home must be owner occupied for 1 year.
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22 March 2020 | 33 replies
You must still depreciate this over the 27.5 years.
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11 March 2018 | 3 replies
For agents that only do 1-2 transactions per year, it will take a long time to complete.In order to get the designation, an applicant must meet the following portfolio experience:-Three (3) or more qualifying activities totaling $30 million or more; or-Exactly ten (10) qualifying activities totaling $10 million or more; or-Twenty (20) qualifying activities with no dollar volume requirement.In general, designations don't increase business, they increase the level of competency.
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29 March 2018 | 6 replies
So I must refi or sell the property in order to buy another property.