21 April 2024 | 3 replies
The answer is no.You may be able to pro rate.... nope I'm just going say you better talk to your CPA on this one.
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22 April 2024 | 9 replies
Google the neighborhood crime rates to familiarize yourself with the city.
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22 April 2024 | 19 replies
We analyze the entire market in Northern Nevada simultaneously and rank properties by cap rate.
21 April 2024 | 0 replies
I secured a low mortgage interest rate during COVID, and hoping experts in this forum could recommend VA Loan business strategies as I would like to convert our permanent home into rental property and transition into another home.1.
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21 April 2024 | 41 replies
The default mode of operation for mini-splits is to run the fan continuously 24/7, which causes high humidity because all of the condensation is being blown back into the building.You can get top tier mitsubishi units for cheap at surplus city liquidators.
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21 April 2024 | 12 replies
The number usually varies from 10-20% depending on credit score, property analysis, etc.Some lenders will work with any level of investor experience, credit scores as low as 660 and can close in as little as 10 days (there are loan options for 640-660 credit scores- they require 20% down).Another good thing is interest only and 6-24 month loan terms- you can refinance by selling or refinancing to a long term DSCR rental property loan at any time once you complete the rehab.Once the property is ready you can sell it or if you want to keep the property as a long term investment, you can underwrite the loan based on your income /debt to income (DTI) ratios or you can go the DSCR route where the loan is underwritten based on the actual or market rents from the appraisal.DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.Here's a bit more in detail about how rates are calculated for DSCR loans:1.
21 April 2024 | 6 replies
At your income rate your rental income could be tax free but not deductible against your regular income.