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8 February 2024 | 3 replies
Reasonable accommodation may include waiving or varying pet polices and fees to allow an Assistance Animal.
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9 February 2024 | 7 replies
Also worth noting that if you plan to close in an LLC, DSCRs will allow you to do that.
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7 February 2024 | 7 replies
As a result, I informed them in an email that only toilet paper is allowed in the system that any further instances of baby wipes or like products that become lodged in the impeller and create the need for a plumbing company to fix & dislodge will be billed back to the tenants.
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7 February 2024 | 18 replies
.• Analysis of Rental Property Incomeo Each property(ies) must have a 2-year rental history itemized on the borrower’s tax return.o Property depreciation claimed as a deduction on the tax returns may be included in effective income.o If after adding depreciation to the negative rental income, the borrower still has rental loss, the negative income should be deducted from the overall income as it reduces the borrower’s income.o If rental income will not, or cannot be used, then the full mortgage payment should be considered and reserves do not need to be considered
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9 February 2024 | 11 replies
It can be nice if it's your first because they come furnished (keep in mind you will still have to replace and upgrade some things)Just make sure it's in a area where STR are allowed and be sure to run the numbers for yourself and don't just rely on the previous owner's numbers.
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9 February 2024 | 6 replies
I do not know if this is realistic or farfetched.Thank you William, I see hundreds of syndication deals a month (and crowdfunding deals which are essentially the same thing but are allowed to market on the Internet).
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8 February 2024 | 0 replies
Look for single family houses to either BRRR or take advantage of a recent zoning change that would allow us to split larger lots (.25 acre and up) into smaller lots (.08 acre) and then build either duplexes or townhouses on the smaller lots that we'd create.
8 February 2024 | 4 replies
Some facts of the house:Location: Nassau County, NY, Town of HempsteadYear built:1929Purchase price: 290,000 in 2013Condition: AverageLot size sqft: 5000Livable sqft: 760I'm seeing several houses in my zip code that have been demolished and rebuilt into new houses with the maximum allowable livable square footage selling between $1.0M- 1.2M.Which is a better option taking into consideration, profit and capital gain tax (assuming my household income of 80K)1) Should I sell this house as is at $450K2) Demolish this house and rebuild it without taking out a loan.
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8 February 2024 | 2 replies
Share profits and risks, allowing for larger or more complex deals.
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8 February 2024 | 9 replies
Where it does calculate out to an ROI is in other states where you can buy a 2-4 unit and the other doors allow the cash flow.