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30 April 2024 | 12 replies
I've used the insurance broker for over 30 years; knowledgable staff, excellent service, and great pricing.
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29 April 2024 | 13 replies
Even if you included $100 per month in maintenance/repairs and $100 in property management (I know a PM that will do 7%) you'd still be cashflowing ~$250 per month. 12% CoC return based on 20% down.
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30 April 2024 | 8 replies
If you are being stationed together over this time, keep doing temp or base housing while you are there and when you really like a market, get to know it more so you have a competitive advantage.
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30 April 2024 | 5 replies
Use the one that has the better rates, terms, service for your particular deal.
29 April 2024 | 7 replies
They CAN foreclose if you stop making payments, It Costs a little more ($1500) to do a Wrap because a mortgage has to be created You become the owner in either situation In a Subject To you send the payment to the lender (servicer) In a Wrap, you send the payment to the lender (servicer) AND you send a payment to the seller.
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29 April 2024 | 9 replies
Is there a website or service that helps create a welcome book to have rental information, instructions, etc?
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30 April 2024 | 7 replies
BUT you can skip the income piece, as "qualifying" will be based on rents received, not your personal income.
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29 April 2024 | 4 replies
Once you close on your property:- You need to get a Phila tax IDhttps://www.phila.gov/services/payments-assistance-taxes/tax...- Then you need to register for a commercial activity licensehttps://www.phila.gov/services/permits-violations-licenses/g...- Once you have a commerical activity license you can finally get your rental licensehttps://www.phila.gov/services/permits-violations-licenses/g...All of the above will be done using the eClipse online portal systemIf your property is built before 1978:The system will kick back your application and you will not be able to get a rental license until you get a Lead Safe test.This is when you will hire a licensed 3rd party to come out and doing a lead test for you.
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29 April 2024 | 2 replies
Calculator should provide amount of conversion tax payments needed, one or multiple conversion options, Medicare IRMAA impacts, various investment percentages of Roth growth vs IRA growth, and RMD amounts with associated tax bill.I’ve seen numerous CFPs hawk their services for $5,000 or more.
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29 April 2024 | 2 replies
The only consideration may be that you’ll still need a registered agent for service of process in NJ.