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1 December 2021 | 7 replies
However, with that multitude of knowledge I've gained (and still searching and learning) my biggest concern now is after I accept the offer, relocate, and start getting paid I want to ENSURE that I dont suffer from "Lifestyle Creep" and focus all of my money on preparing myself and my bank account for getting started in real estate investing.So my question is this,Should I seek a financial planner or an accountant to help me manage my finances to achieve my goals in real estate investing?
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1 December 2021 | 4 replies
However, with that multitude of knowledge I've gained (and still searching and learning) my biggest concern now is after I accept the offer, relocate, and start getting paid I want to ENSURE that I dont suffer from "Lifestyle Creep" and focus all of my money on preparing myself and my bank account for getting started in real estate investing.So my question is this,Should I seek a financial planner or an accountant to help me manage my finances to achieve my goals in real estate investing?
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1 December 2021 | 1 reply
Jesse,Depending on the situation a DSCR program may work, Bank statement loan, or Alt Income each one has a higher back end DTI acceptability.
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2 December 2021 | 3 replies
.- Scheduling repairs after closing has been tough as a result of the holidays & general lack of labor.Rough estimate of numbers (assuming 5% vacancy, $780/yr in repairs/maintenance, 10% PM fee, $480/yr insurance, $1227/yr property taxes):Current:Expected based on Rental increase to $670 (assuming tenant accepts increase, rental increase would be starting 02/01/2022):Expected if tenant decides to move due to Rent increase (PM company estimates it to be possible to rent at $725-750/mo; keep in mind this doesn't factor in costs to make rent-ready (if any), as well as the cost of getting a new tenant):
2 December 2021 | 5 replies
I don't know if Zelle has a way to stop accepting payments for individual users but that may be a solution for you as well.
8 December 2021 | 27 replies
Is there a minimum amount of months you have to collect that “rent” for them to accept it?
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27 December 2021 | 3 replies
The seller has offered to reduce the price by 10K and I have accepted the offer.
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6 December 2021 | 4 replies
More companies are accepting LLC's under personal policies.
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7 January 2022 | 5 replies
@Andy MirzaI see many people forget thisI had one in Virginia where we agreed to a dil and a week before we ordered the title a company (property was a duplex rental so it was a PM) put a $12k lien on property for unpaid feesWe had to go through foreclosure as we offered the PM company $2k to settle and they refused to accept it.
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3 December 2021 | 5 replies
The part that scares me the most is if I sell my condo and my offer on a new SMF doesn't get accepted, I could be in limbo.