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5 April 2024 | 13 replies
@Stuart UdisHit the nail on the head and I would agree and have said same thingOne thing I will add is you mention contract management / this should include an attorney reviewing the contract and the investor understanding what indemnification is.
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5 April 2024 | 2 replies
Do you normally include detailed criteria (as below) or keep the listing criteria generic?
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6 April 2024 | 17 replies
Title Insurance is regulated by state to include the fees.
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4 April 2024 | 4 replies
Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.
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6 April 2024 | 2 replies
I recently did the job I needed for $600 equipment included vs. $1650 I got quoted from a company.
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4 April 2024 | 8 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.
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6 April 2024 | 19 replies
I've yet to find a major metro, corner location, with a drive-thru (including covid year), go dark and stay dark for 6+ months.Not in 20+ years of retail investing.
5 April 2024 | 1 reply
This includes individuals affected by disasters, those living overseas (including military personnel), and eligible support personnel serving in combat zones.In conclusion, while filing for an extension can provide breathing room for completing your tax return, it’s crucial to remember that it doesn’t grant an extension for making payments.
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7 April 2024 | 13 replies
Considering other choices, including buying a single-family house for your permanent residence and looking into different areas for mid-term rentals, can be worthwhile given your family's needs and preferences.
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5 April 2024 | 3 replies
Additionally, Blue Ribbon Homes includes a property management team explicitly designed to handle my portfolio and is now offering a range of services to other investors.