26 May 2024 | 8 replies
- Any budget overruns could exceed the amount of capital a small PML may have and require the project to be refinanced into a new construction loan elsewhere while the project is inflight and this could pose challenges if the borrower doesn't have much skin in the game or liquidity.
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25 May 2024 | 2 replies
However, I started using Hostaway as the PMS, which requires a Stripe account.
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26 May 2024 | 1 reply
You are required to give their request consideration but only once they submit it with the doctor's note etc.
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25 May 2024 | 13 replies
My living expenses were almost completely rolled into the business model and I lived among an ever changing group of guests who made life lively and entertaining.
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26 May 2024 | 3 replies
If it is follow the requirements in the documents.
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25 May 2024 | 6 replies
@Yanting Wang many investors are buying, "build to rent" properties.They are all being told that in buying a new construction property, they shouldn't have maintenance issues for 5-10 years, which will increase their cashflow/profit.Well, tenants have a way of breaking things, not taking care of problems and letting them become maintenance issues, and this is on top of the fact that most new construction properties require several warranty repairs by the builder in the first 12 months.As others have pointed out, you must live in the property for the first 12 months for an FHA mortgage or take your chances with committing mortgage fraud.
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22 May 2024 | 1 reply
I am curious what expenses others pay through their property management LLC on behalf of their rental properties.
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26 May 2024 | 8 replies
I did not make them aware but included it with all my other documents and would have thought that seeing I had rental income and mortgage expense that they would have noticed or questioned what the cost segregation study was.
25 May 2024 | 1 reply
take a higher percentage downpayment make sure they are liquid, sign a longer term lease, give yourself out clauses, ask about ada accessibility or requirements for occupancy from the VA
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24 May 2024 | 10 replies
I'm in the position to apply(depending on lender DTI requirement) for conventional financing through the builder at <6% interest rate in this current market.