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16 April 2024 | 12 replies
They will see that they are better off staying put then moving on.If they decide to move on, then fine, if the gap is that large you should make up the difference fairly fast.
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16 April 2024 | 2 replies
It would reduce RentingFamilyMember's taxes if the percentage of mortgage interest and real estate taxes between Schedule E and Schedule A is different from the rental percentage.
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16 April 2024 | 6 replies
However, time in the market makes all the difference in the world!
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15 April 2024 | 6 replies
Hey David, I think the only thing I would say is if there is a different entrance where you don't have to see the other tenant?
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16 April 2024 | 11 replies
However, time in the market makes all the difference in the world!
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15 April 2024 | 20 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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16 April 2024 | 11 replies
My friend @Jason Wagner has a great report that I can share with you that shares on different neighborhoods are appreciating.I personally like the South East Corridor (Washington Park, South Shore, Woodlawn, etc.) and Garfield Park.
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16 April 2024 | 11 replies
Everyone will have a favorite structure and attorneys and accountants will tell you different things.
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16 April 2024 | 20 replies
You typically fall into a deal or two at the start, but then you have to really go to work to keep it going.Biggest mistake most investors make is assuming all properties perform the same, regardless of location, tenant pool, etc.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.When investing in areas they don’t really know, investors should research the different property Class submarkets.
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15 April 2024 | 1 reply
An entirely different metric?