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15 May 2024 | 2 replies
The property cannot be valued in the traditional way, which is why I'm seeking a private lender who will value the property in a commercial-style method via the cap rate.Source of down payment funds: Implied equity (refi)Income Source: W2 for both my wife and IGross annual income (between the 2 of us): ~$300kMonthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: Student loans, rent, and what exists for this tiny house.FICO: 725Credit issues: noneThanks for reading this far!
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15 May 2024 | 0 replies
Purchase price: $68,000 Cash invested: $5,000 Sale price: $99,000 4 Unit quad in Medina NYRenters were tough and management company's locations are too far for a regular check up.Had a renter pass away and then DCS came in and the house was condemned due to farm animals in the upstairs unit where the person passed.We were too far to keep tabs on this investment so we sold the home.
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15 May 2024 | 7 replies
An umbrella is usually a good idea but it's dependent on your personal situation.
12 May 2024 | 7 replies
This is true even if the same person or group of people own both LLCs.
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15 May 2024 | 17 replies
However, I applied to Furnishedfinder in person and listed the apartment as a sublease.
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15 May 2024 | 15 replies
I initially rented the home $150 less than similar homes at the time because the tenant was a "known" person and they could not pay more (at the time the tenant had a lower paying job than today), plus it was convenient for me to have someone mover right away.
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15 May 2024 | 2 replies
If mold is found the company or persons who performed the testing will have a protocol on how it should remediated based on the type of mold found.
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15 May 2024 | 13 replies
I've found that in my personal connections that simply sharing the information and being transparent has worked the best.
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15 May 2024 | 2 replies
I own 5 properties in Morningside personally and am closing on a duplex there next month.
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15 May 2024 | 1 reply
The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.