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17 April 2024 | 4 replies
(2) I have a Section 8 applicant and know that I am required to include them in the applicant pool, are the laws around do I have to prioritize section 8 tenant?
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17 April 2024 | 7 replies
I should be able to review the CD any day now but flat out told them to quit emailing me everyday asking for the funds.
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18 April 2024 | 2 replies
Is this a true 10% cap or is this what I refer to as the "realtor special" where taxes, insurance, water and a nominal maintenance budgetary number is included.
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17 April 2024 | 3 replies
I emailed the applicant to give him a heads up about the language in the lease, in case he wanted to find a more dog-friendly property, but he wants to go ahead.
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19 April 2024 | 20 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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17 April 2024 | 2 replies
This should include details about your investment strategy, expected capital injection, risk management measures, and potential ROI.Networking Events and Meetups: While leveraging online platforms, don't overlook the power of face-to-face interactions.
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16 April 2024 | 21 replies
@E.
18 April 2024 | 41 replies
definitely look into private money debt funds then I appreciate that, but I have a wide range of financial products in my portfolio including quite a bit of debt funds.
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16 April 2024 | 4 replies
If the rental is passive, you can probably muddle through Schedule E on your own.
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15 April 2024 | 19 replies
The same CPA told us since only my husband and I owned the LLC, we should file Schedule E on our tax return.