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18 March 2024 | 7 replies
Check the appraisal if they noted it as "Deferred Maintenance" - most DSCR Lenders will require the property to be fully turnkey and either $0 or up to a very small amount, like $2k deferred maintenance noted
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22 March 2024 | 19 replies
I'll also keep all communication, documents, travel expenses, purchase records.I'm trying to find specific instructions on what qualifies IRS' time requirement.
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21 March 2024 | 10 replies
I will choose the best comparables to use and then do a market analysis to determine any time adjustments required.
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21 March 2024 | 3 replies
We met all non-passive requirements and can provide proof to show that our projected annual materially-active involvement is at least 500 for 2023.We met with our CPA and he brought to our attention that we had a loss of -$107k.
21 March 2024 | 2 replies
Some DSCR loans even feature "no specific DSCR required!"
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21 March 2024 | 10 replies
I believe there are income requirements and this has to be your primary residence. 3.5% down is the minimum.
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21 March 2024 | 2 replies
when it was built it may not have been required Exposed wiring is not a safety hazard unless its bare wire . and a GFI is easy to replace .S traps were cade at one time , they are not now , but the house only has to be up to what the code was when it was built .Bilco doors , hard to say , but they are about $800 to buy .
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21 March 2024 | 0 replies
Furthermore, mid-term rentals offer a buffer against the regulatory challenges and market saturation facing short-term vacation rentals.Looking Ahead:The trajectory of mid-term rentals is promising, but success in this niche requires strategic thinking and adaptability.
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21 March 2024 | 16 replies
But also note there is a wrinkle in that if investing in Las Vegas, the state of Nevada is the rare state with pretty strict regulations and licensing requirements for DSCR, so a lot of national platforms don't lend DSCR in Nevada.
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21 March 2024 | 3 replies
We asked why and were told that "our client has exercised their right to rescind, Georgia law does not require them to provide a specific reason as we are within the statutory time frame."