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12 March 2024 | 25 replies
The cable companies require you to pay extra for something that you probably don't even want, given that they provide no value and are also another clunky device requiring wiring, space etc.
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13 March 2024 | 11 replies
Most lenders require this.5.
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12 March 2024 | 9 replies
This typically requires 125% of the mortgage debts in available assets.
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12 March 2024 | 1 reply
The condo is in pretty rough shape and would require about 60-70k in renovation costs to make this rentable/desirable.
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12 March 2024 | 6 replies
The underwriter for a HML company has a list of required due diligence that needs to be collected before a loan can even be submitted to the asset management company or hedge fund they partner with for approval – meaning it could take a few weeks to close if you can get your broker the required docs (it’s usually referred to as the conditional approval process).
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12 March 2024 | 0 replies
Cost segregation lowers your property’s tax basis meaning you’ll have less basis to recoup when you sell the property.Check the box on “Substantial Improvement”: One thing that Opportunity Zones require is “substantial improvement” by improving your property by 50% or more of its purchase price.
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12 March 2024 | 13 replies
Just wondering if this is allowable especially if I meet the requirements for short term rental requirement for tax purposes like 100 hours?
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13 March 2024 | 8 replies
KEEP IN MIND city redevelopment departments have a lot of red tape to go through and this can take months before your prospective tenant is at the mercy of the City to be approved and then follows up with your tenant checking off all the requirements boxes the city department needs your tenant to get completed before moving in /opening up its doors for business.
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12 March 2024 | 8 replies
For the lenders that do a 0 with decent credit you will need to put down 15% - 20% on a bridge loan and that's with 720+ credit.More than that though, you need to understand the capital requirements.
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12 March 2024 | 4 replies
Can I rent it out completely or are there occupancy requirements?