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7 February 2024 | 6 replies
--Floor stickers showing dept--Wall sign with pool rules--Be very clear on the pool, max depth, etc in the welcome email, house guide, etc.All the items above can be purchased from Amazon, including the pool fence.
7 February 2024 | 6 replies
@Eric Lowder since you didn't place the "property in service" (e.g. make it ready and available to rent) until Jan 2024 you'll report the income and expenses on Schedule E in the 2024 tax year.In rare cases, that short-term rental income will be reported on Schedule C, but this is only if the rental offers "substantial service" that includes things like concierge services or a butler. ...
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7 February 2024 | 5 replies
Particularly be sure to include your goals for real estate investing so that folks can help you. 2) Follow your favorite forum topics and set up keyword alerts!
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8 February 2024 | 14 replies
We agree that it absolutely depends on your design intent, including the number of stories and square footage, hillside vs flat and overall level of custom detail desired.
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7 February 2024 | 8 replies
This alerts us to any changes, including cancellation, to the policy.
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7 February 2024 | 5 replies
So this includes, roofers, drywall, landscapers, flooring, etc.In your case, especially since you are flipping, you should ask for proof of insurance before starging a job.
7 February 2024 | 8 replies
Including all things related to retirement funds, malpractice insurance, side hustles, vacation homes, and more.
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8 February 2024 | 7 replies
A mortgage on that home would be roughly $2636 (including taxes and insurance).
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6 February 2024 | 6 replies
The property is valued at $3,000,000 but is under contract for $2,500,000, providing instant equity of $500,000 upon closing.I am actively exploring ways to quickly secure the required $300,000 and am considering various strategies, including negotiating with lenders or partnering with an investor.
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7 February 2024 | 13 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 = 1.23DSCR lenders generally let you vest either individually or as an LLC.