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4 April 2024 | 8 replies
Off-market deals can sometimes offer unique opportunities and less competition, allowing you to potentially find properties at better prices or with favorable terms.On the other hand, for the Dayton and Cleveland areas, you may find that there are great deals available primarily through on-market channels.
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4 April 2024 | 5 replies
I was looking for something that would allow me to take a picture of a receipt and categorize it in the right bucket under the right property.
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4 April 2024 | 15 replies
Other things in his LOI were that we grant another option, that we refund the security deposit, that we allow unlimited assignment without us granting consent, etc..I'll go with your option #1 above and simply decline his other proposed changes and see if we can preserve the Renewal concept at a new rate that bakes in his commission (and then some) - if he wants to earn that commission, let him go and sell the package to the tenant.
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3 April 2024 | 1 reply
Hi Alicia,It would ultimately depend on your preference and strategy, but moving into your second home would allow greater leverage than buying a rental.
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2 April 2024 | 3 replies
Depending on the individual property you buy your SO may not find it that bad.
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2 April 2024 | 9 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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2 April 2024 | 1 reply
I work in the financial crimes investigation field, and I'm excited to connect with like-minded individuals/investors who can provide guidance/support as I have a huge passion for real estate and financial freedom.
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3 April 2024 | 5 replies
(One of the nice things about Westminster is that they're one of the few Denver-area cities to allow non-owner occupied short-terms, so you could give that a try to boost your revenues.Also, my standard advice for first time investors is to not overthink it.
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3 April 2024 | 0 replies
I've read that this is allowable, but that city will check to see if all work has been done correctly, pull permits, etc.
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2 April 2024 | 7 replies
They say Net Income = Operating Income - Taxes - Interest.So if someone owns multiple properties, in theory we should be able to attribute how much you owe in taxes for every property individually?