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28 March 2024 | 34 replies
If your estate owns more than that amount, you are required to pay a 45% tax, which possibly could cost more than paying the capital gains to being with.
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26 March 2024 | 4 replies
I also require renters insurance so they can get housing coverage there.
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26 March 2024 | 11 replies
I think they require inspections after like 15(ish) units...
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25 March 2024 | 1 reply
Most banks I’ve talked to require a 6 month seasonal period.
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26 March 2024 | 1 reply
The loan will be a conventional investment loan that will require 20% down and about a 8.5% interest rate.
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26 March 2024 | 5 replies
There isn't a one-size-fits-all solution as you mention, but I would be sure that this is something that you see as sustainable due to the substantial up-front investment that it requires from the outlay.
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26 March 2024 | 7 replies
If they're only approved for a $1,000/mo voucher and the tenants wants to apply for your $1,350 unit, the tenant will be required to pay the difference themselves.
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26 March 2024 | 3 replies
DSCR loans require you to cashflow.
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26 March 2024 | 6 replies
If the tenant fails to provide the landlord with the forwarding or new address as required, the tenant shall not be entitled to damages or attorneys fees under division (C) of this section.”https://codes.ohio.gov/ohio-revised-code/section-5321.16
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26 March 2024 | 8 replies
Are you not required to personally guarantee the loan, when you typically would with a bank?