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20 March 2024 | 193 replies
This move will likely prevent a lawsuit, however unlikely, from happening due to unobtainable info.Reason 2: I am reducing my administrative responsibilities as much as possible.
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20 March 2024 | 3 replies
You will also want to make sure its n part time income since you need (2) full years of that to qualify.You can always refinance or purchase an investment home and do not have to have a job or employment, if you use a DSCR loan.
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20 March 2024 | 12 replies
Lenders earn no depreciation and actually its worse because the interest you earn is taxed at ordinary income rates.
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20 March 2024 | 7 replies
The lender might balk at the thought of a brand new LLC (with no assets or income) suddenly becoming its borrower.
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18 March 2024 | 3 replies
Keep in mind, the transactional costs of selling a property in Philadelphia with the high transfer taxes and brokerage fees (althoug these are expected to be reduced in light of the landmark NAR settlement that occurred yesterday), adds additional transactional costs, especially in instances where the home was purchased as recently as last year as is the case with your home.
20 March 2024 | 2 replies
However, two oversights have affected my calculations: (Both dumb mistakes I can only blame myself for)Higher-than-expected property taxes and municipal fees in University Heights compared to Cleveland proper.Overly optimistic rental income estimates.After adjusting for these factors, including property management costs and other expenses, the revised cash-on-cash return is about $12,000 annually, slightly over 5%.
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20 March 2024 | 14 replies
Commercial loans are full documentation with a full income analysis, making it hard at times for investors to get into 5 plus units.
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19 March 2024 | 18 replies
You can buy properties in fortaleza by having a CPF, there's even a bank called "Caixa" which allows brazilians living abroad to buy properties showing the income from overseas.
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20 March 2024 | 13 replies
When working out the money side, remember this formula: Cash on Cash Return = (Annual Rental Income - Annual Expenses (including HELOC interest)) / Total Cash InvestmentExample:HELOC Used for Down Payment: $50,000HELOC Interest Rate: 6% (This can vary)Annual HELOC Interest Expense: $50,000 x 6% = $3,000
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19 March 2024 | 25 replies
You cant not garnish social service income.