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19 February 2024 | 7 replies
I am also extremely interested in Portfolio loans, but I have zero contacts dealing with those types of loans.Finally, I have an 'excellent' credit score, no debt at all besides 5 other rentals at 75/25 LTV (all cash flow positive) and a job that I claim over 100,000 in taxes, and have three years of consistent tax returns showing that.
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18 February 2024 | 0 replies
These will be for the 2024/2025 tax season.
18 February 2024 | 2 replies
The goal is for each of us to retain ownership of the completed buildings, though we're undecided on the ownership split.Appreciate any advice or recommendations you can offer. give a value to everything. your deferred GC fee which even if you do it for 5% markup I would so you earn something and aren't hoping something happens down the road.
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19 February 2024 | 5 replies
Any ballpark idea what percentage our property taxes would go up if we went from 2 to 3 units and how does that get plugged into the calculation?
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21 February 2024 | 19 replies
Get the listing for your area of late property tax payments.2.
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19 February 2024 | 44 replies
I consulted my cpa and he states that I will owe 100,000 in taxes leaving me with 600,000.
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20 February 2024 | 1 reply
The formula for calculating DSCR is straightforward:DSCR=NetOperatingIncome(NOI)/TotalDebtServiceNet Operating Income (NOI) represents the property's income after operating expenses.Total Debt Service includes all debt obligations, such as loan payments, property taxes, and insurance.A DSCR ratio above 1 indicates that the property's income is sufficient to cover its debt obligations, while a ratio below 1 suggests insufficient cash flow to cover debt payments.Lenders usually have specific DSCR requirements, with higher ratios indicating lower risk for the lender.
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19 February 2024 | 15 replies
I looked at Stessa and Digb and decided to go with Digb because they also support with taxes.
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19 February 2024 | 15 replies
I am not going to pay 25*600 to file taxes for each entity :)