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3 August 2024 | 5 replies
It can come at the very end so that you're not wasting your time (and theirs), but the kind of long term damage that a bad tenant will cause to a property is not something that they can quickly and easily hide so you want to get eyes on how they are currently living.The age of the house has nothing to do with section 8.
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7 August 2024 | 73 replies
Money always flows where it can buy the most value, but even in the age of remote work, migration trends take time years if not a decade to unfold.Inflation is the devaluation of currency.
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2 August 2024 | 9 replies
One thing to think about is the age of the home.
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31 July 2024 | 4 replies
When it comes time to actually invest, you will typically be required to show some sort of verification - either a signed financial statement if you meet the requirement on net worth, or income tax returns if you meet the requirement on income.
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31 July 2024 | 16 replies
Take a more in-depth look into their employment and income verification.
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1 August 2024 | 5 replies
Lender Fees $1,640.00Discount Points $4,680.00Appraisal Fees $825.00Credit Report Fee $25.00Tax Service $68.00Credit Technology and Verification Fee $75.00Title Fees $836.50Owner's Title Insurance $513.00Lender's Title Insurance $2,507.00Transfer Taxes $9,626.00Recording Fees $519.50Total Closing Costs $21,315.00Prepaid Interest 2 days @ $87.53 /day $175.061 year Insurance Premium $1,500.00Property Taxes $3,632.04Insurance Escrow Reserves 2 months @ $125.00 /month $250.00Tax Escrow Reserves 2 months @ $302.67 /month $605.34Total Loan Prepaids $6,162.44Down Payment $90,000.00Total Estimated Due at Closing $117,477.44Loan ProgramPurchase Price $450,000.00Total Loan Amount $360,000.00Interest Rate 8.875%APR 8.337%Product Indigo Edge NonQM 30 Yr FixedYour Monthly housing breakdownPrincipal & Interest: $2,864.32Insurance: $125.00Taxes: $302.67TOTAL $3,291.99
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1 August 2024 | 3 replies
It sounds like you are using building age and that makes no sense to me.
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1 August 2024 | 4 replies
If your income grows, you’ll be in a higher tax bracket, so paying taxes now at a lower rate makes sense.3) Access to Funds: The government keeps pushing back the age at which you can withdraw from these accounts without penalties.
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2 August 2024 | 7 replies
It's great to see your enthusiasm for real estate investing at such a young age.
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1 August 2024 | 0 replies
On one document I received it states: "The individual (applicant) is mentally competent but due to age or physical infirmity is unable to manage his or her property and affairs effectively and, recognizing this disability, has requested a conservator's appointment"It also states the conservator is: "conservator of all assets of the individual's estate".What I'm wondering is do I need the conservator to also be the co-signer on the lease?