18 April 2024 | 2 replies
The house has a little mortgage that can be paid with the down payment.
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18 April 2024 | 19 replies
Do not paint brick -- low maintenance becomes expensive high-maintenance, no thank you.
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19 April 2024 | 7 replies
We were confused as the previous landlord said he wasn't on state benefits and paid the rent directly in the last 10 years ( we have texts to confirm that).
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19 April 2024 | 10 replies
Easier to get paid and maybe handle dispute (question mark?)
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18 April 2024 | 28 replies
Property Taxes have been paid since purchased.
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18 April 2024 | 8 replies
If an investment property, there non-warrantable DSCR loan options.Some details:Loans available for purchase, rate and term refinance (no cash out) and cash-out refinanceCredits score down to 620LTV are up to 75% for purchase and 70% for cash out.Rate buydown feature available.DSCR (lower of gross rent lease or Form 1007/216 rent divided by PITIA) as low as 1.0x.For experienced investors (one year of investor experience and own home), short term rentals can be structured off of 12 month short term rental history with 20% expense factor.
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18 April 2024 | 10 replies
The mortgages and closing expense can be written off to eliminate the taxes as you want
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17 April 2024 | 5 replies
More than likely, you will be out the time, the court costs, any lawyer expense and come away with at best a judgement that will costs you more money to collect.The best route is to talk to the GC and if you cant find common ground, part ways and find one that will in fact finish the work.
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18 April 2024 | 16 replies
Hey Joseph, I 100% understand what you're going through.My wife and I used a HELOC, 401(k) loans, and even an additional personal loan to acquire rental properties in Detroit from 2019-2021 ultimately acquiring 12-doors.We paid cash, renovated when necessary but some were also turnkey, and refinanced out on the backend.
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17 April 2024 | 4 replies
For example, let's say I am filing for 2023: 2022 -2023: Installment 1: $5,200 Paid Nov 2022Installment 2: $5,200 Paid April 20232023-2024Installment 1: $5,500 Paid Nov 2023Installment 2: $5,500 Paid April 2024Are you guys using $5200 + $5500 or $5500 + $5500?