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9 September 2024 | 2 replies
I have quite a few that I'll list below however it will depend on what you mean by relatively low acquistion cost.For short term, you'll want to be in trendy areas like Broadripple, Holy Cross, Fountain Square, Bates Hendricks, Old Southside, Garfield Park.
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9 September 2024 | 12 replies
There are various ways to do this in QBO, but this is how I typically do it for myself and my clients in the Chart of Accounts.Real Estate Owned> Land> Buildings> Closing Costs> Capital Improvements> > CapEx 5 years> > CapEx 15 years> > CapEx 27.5 years> DepreciationOnce the tax return comes in I will adjust for depreciation.
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9 September 2024 | 6 replies
Lastly, it's common for the Buyer's Broker agreement to have a clause that stipulates the client will owe a commission for property which is covered by your Buyer's Broker agreement if you agree to a purchase agreement within 60 or 90 days of the expiration of the agreement.
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9 September 2024 | 5 replies
I wouldn't wait for interest rates to come down, because they will slowly come down, and you'll be waiting for a long time.
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9 September 2024 | 9 replies
No mortgage company will loan against a used mobile home.
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10 September 2024 | 0 replies
With DSCR loans, the focus is on the property’s cash flow, ensuring that your investment will cover its own expenses and provide a profit.
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10 September 2024 | 2 replies
In 3 years you will be paying cash for a house.
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9 September 2024 | 9 replies
If you use a DSCR loan, you will need to form an LLC for the loan.
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31 August 2024 | 11 replies
I'd consult an attorney first, however, since what you are talking about providing free of charge is something that will be used to construct something on the ground.
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9 September 2024 | 15 replies
I would focus on getting a job and not properties.If you were dead set on it, you could use a DSCR loan as your only option if the lender will approve it based on the property rentability.