Gaurav A.
LP In Syndication | losses from Syndication & W2 income
17 April 2024 | 17 replies
UNLESS you are are real estate professional status for tax designation purposes and able to create a "grouping/active participation".
Austin Howell
RE Agent Software
17 April 2024 | 0 replies
The second branch of the site will be a platform to create a personal web page that will hold all of the agent's social media link (kind of like linktree).
Peter Halliday
Software for notes
16 April 2024 | 14 replies
They are the ones who also have the mortgage office which is what a lot of the servicers use but that is an overkill and way to expensive.I also know some people have created flows withing clickup and other project management systems.
Liel Lazar
Seller failed to disclose an insurance claim.
17 April 2024 | 13 replies
The sellers don’t want to return the earnest money, creating more problems.If anyone has experience with this, could you advise on legal options?
Leanna Nixon
Cash Out Refi in Under 1 Year?
19 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.
Jay Chekansky
Seller Finance Buyer Fails to Maintain Insurance - Proper Way to Bill Back for FPI?
17 April 2024 | 4 replies
I took a look at the EOI in a rush, assumed the payment had been made, and created this mess for myself.
Brian Kilpatrick
Primary Residence turned into first rental...Now what?
16 April 2024 | 8 replies
I created an LLC, and Im not quite sure what our next step should be.
Account Closed
What would you today with $1,000,000?
18 April 2024 | 41 replies
definitely look into private money debt funds then I appreciate that, but I have a wide range of financial products in my portfolio including quite a bit of debt funds.
Josselyn Jorge
Tenant contesting security deposit 9 months later
18 April 2024 | 10 replies
Find out how long they have to contest it and at the same time tell the PM that is it their job to manage the place, so they are the ones who decided how much of the deposit to keep and should have included an itemized bill in the letter they sent.
Adam Marx
ARV comps problem
19 April 2024 | 7 replies
Hi Adam, Since the immediate area may not have many comparable properties, consider expanding your search radius to include neighboring areas with similar characteristics, such as proximity to amenities, major roads, and parks.