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12 June 2024 | 4 replies
I am looking for a bank that holds tenants security deposits and automatically pays the interest directly to the tenant annually, see the rest for description.Hello, I am a first time property owner and am trying to figure out where it is best to deposit security deposits, I am aware that it must be deposited in an interest bearing account per MASS law but also the tenant needs to receive the interest annually and I do not want to have to manually perform this task.
9 June 2024 | 8 replies
If the cabin were cash-flowing, we might use the excess cash to continue paying the loans over time and bet on the equity growth to continue to be a positive for us.
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13 June 2024 | 8 replies
Many owners covet the traveling nurse which is known to pay a premium for MTR’s without a blink of an eye.
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12 June 2024 | 2 replies
The plan here is to have a local (RV Certified) tiny home builder do the marketing to attract buyers that want to buy their tiny homes (cash or 25 year financing) and live in this park, until there are 44 pads occupied by tenant-owned tiny homes, paying $750/mo lot rent, on 1 year leases.
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12 June 2024 | 6 replies
I recently bought a 4plex and I was told one of the 4 tenants did not always pay on time, so no surprise in my first month there was, you guessed it, one of the tenants did not pay.
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12 June 2024 | 8 replies
You recover and pay ordinary taxes on the depreciation you took, or should have taken, and then you pay capital gains on the profit.
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12 June 2024 | 3 replies
We use a YTDpaystub and last year’s W-2(s) to calculate income several different ways:Hourly or salary income calculated to a monthly amountYTD income divided by number of YTD monthsYTD + W-2(s) income divided by the corresponding number of monthsIf these numbers vary too much, then we investigate and require an acceptable Letter of Explanation.Employment StabilityUnless an applicant has exceptional credit, we strive to determine their stability of employment to make surethey’ll always be able to pay the rent on time.
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12 June 2024 | 47 replies
Most attorneys won't mess with taking a house from you, paying fees, and auctioning it if the bank owns 60 percent.
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13 June 2024 | 12 replies
I well say if you break down all the bills the HOA is paying, good chance you would personally be paying out a similar fee.As for the actual revenue I would want the address to see the property.
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12 June 2024 | 10 replies
My problem is I'm trying to 2 more properties this year, and pay with cash.