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28 April 2024 | 7 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
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28 April 2024 | 11 replies
Could you hold a 2, 3 or 4-plex in an LLC, live in one and still sell the entire building as a personal property sale after 24 months (no cap gains tax)?
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29 April 2024 | 8 replies
I also jJust ran a report for "total rent" (w/o cleaning fees & taxes) and while the 1st QTR(Jan-Mar) trailed lower, all my Smokies properties exceeded last April's total rent except one was lower by $98.
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28 April 2024 | 13 replies
If the wholesaler is assigning his contract to you, then GENERALLY you are paying for all closing costs and depending on the state you'd be paying for all the property taxes or prorated taxes UNLESS something in the contract stated otherwise (rare).If you're the end buyer and the wholesaler is looking to close GENERALLY they will pay for their closing costs with them as the buyer when they were direct with the seller, and then you'd pay your closing costs when buying it from the wholesaler "same" day.
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29 April 2024 | 4 replies
This is basically walking into a divorce situation LOLit's so much easier to have only one owner, both from a decision-making and tax perspective
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29 April 2024 | 12 replies
One thing to watch for and to consider with your numbers are the taxes in Hartford, they can be very high!!
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29 April 2024 | 12 replies
That would be called a credit report and for your purposes, there is no such list.
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26 April 2024 | 8 replies
Tax Returns: Request copies of the individual's previous years tax returns will confirm there yearly income and account for expenses and liabilities.4.
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29 April 2024 | 10 replies
Asking $620k Debt service $4,352/m (10% Interest, 30-year amortization, 80% LTV) Taxes ($1033/m), insurance ($833/m), maintenance($1000/m), property management ($2400/m)Total - $9,613 (very rough estimate) Cashflow with 70% occupancy - $2,387/m (Cash flow pro-forma with adjustments $7,000/m+)What am I missing?
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26 April 2024 | 21 replies
If we negotiate seller credits you may even get paid to buy a home!