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10 March 2024 | 3 replies
Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.
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7 March 2024 | 0 replies
We are wanting to get back to being self-employed but are at a loss for what steps to take next.
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11 March 2024 | 16 replies
Ie: if the lease (including m2m with proper notice) is expired, there's little to dispute.)
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8 March 2024 | 53 replies
I would grant that self managing can be a huge advantage... but OOS investors can't self manage.
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8 March 2024 | 3 replies
Usually, self employed hide money by not taking a "salary" but taking a "draw" / profit share.
10 March 2024 | 7 replies
All interaction with tenants (including paying rents) and paying of contractors would be taken care of by the S-corp.
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8 March 2024 | 14 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
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9 March 2024 | 4 replies
We engage in variety of strategies/tactics, including wholesaling, flipping and rentals (long/short-term) for acquisition of single and multi-family properties, and small apartment units (5 -50 doors).
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8 March 2024 | 8 replies
My accountant told me there are two ways to get a cost segregation study, one being the expensive route where an engineer comes onsite and does it. He said there is another, cheaper option where I basically fill in a ...
9 March 2024 | 1 reply
I have a varied background that includes accounting, (small) real estate development, and (residential) construction.