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20 March 2024 | 5 replies
I am a bit confused as to why you have a $7,600 swing by changing entity type, I could see it causing some difference in accountant fees at the very least if you're including them in that, and maybe something with SE tax, but $7,600 for a new business seems a little much.
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20 March 2024 | 4 replies
I always add the following in attorney review just in case people think it is a waiver: "Any references to "as-is" or "informational purposes" in the Contract or any riders shall neither void nor limit any rights relating to inspection contingencies, including Paragraph 16 of the Contract, and final walk-through."
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20 March 2024 | 11 replies
Tax forgiveness is a credit that allows eligible taxpayers to reduce all or part of their Pennsylvania personal income tax liability.
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19 March 2024 | 10 replies
The guide was created to help lower the learning curve and reduce risks to out of state investors coming here.
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19 March 2024 | 18 replies
The only non recourse you may find these days are bridges with reduced LTV
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20 March 2024 | 3 replies
However, that does not include investment loans like DSCR.
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19 March 2024 | 18 replies
You should make sure that the rental revenue meets all of your costs, including the mortgage payment, property taxes, insurance, maintenance, and vacancy allowance, since monthly rental prices might range from $1,000 to $1,600.Property Appreciation: Take into account the market's expected and past rates of property appreciation.
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21 March 2024 | 16 replies
Your lawyer can advise you on what to include.
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19 March 2024 | 6 replies
These advantages include cash AS-IS offers, no requirement for repairs, flexible closings, zero realtor commission, cover probate fees, advance payments before the COE, post-occupancy agreements, no closing costs, and no formal showings or appraisals.Having previously flipped houses, I know how important is a good wholesaler to a flip and flip company.
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20 March 2024 | 13 replies
When working out the money side, remember this formula: Cash on Cash Return = (Annual Rental Income - Annual Expenses (including HELOC interest)) / Total Cash InvestmentExample:HELOC Used for Down Payment: $50,000HELOC Interest Rate: 6% (This can vary)Annual HELOC Interest Expense: $50,000 x 6% = $3,000