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20 July 2016 | 6 replies
It also may throw off our debt to income ratio, even if it's cashflowing nicely, because from what I've read, many lenders will not consider rental income until it has been established for two years, and we may be looking for a personal home in under two years.Anywho, if anyone has any comments or suggestions about purchasing an investment property when you're < 3 years away from buying a home for yourself, I'm all ears!
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8 August 2016 | 6 replies
I'm planning on waiting a year until I go to my local credit union and talk to them about other options on establishing my credit.
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10 August 2016 | 8 replies
My thought was to find a good management company early and establish that relationship before growing much larger.
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28 August 2016 | 64 replies
So the leverage on the property has a lot to do with your survival in this business.
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25 September 2016 | 5 replies
I undoubtedly have a lot to learn and a long road ahead of me, but I more than look forward to it.
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30 May 2019 | 2 replies
But probate is the most compelling piece, followed by establishing wealth distribution that doesn't need to be manually updated constantly (if there is something a family can argue over, they often will - it's a pretty large stressor.)Best of luck on the presentation @Sean Morrison
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2 June 2019 | 1 reply
If not starting out you should look for an established park.
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3 September 2019 | 5 replies
If the credit/loan is established in your LLC's name then it should not be reported as a debt/liability or obligation on your personal credit.
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11 November 2019 | 1 reply
I have 14 properties now and I’m interested in getting a property manager as it is a lot to manage on top of full time job?
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14 November 2019 | 14 replies
This will make the last unit viable.Minimum drawing requirements include, but are not limited to:Bear the seal of a register design professional, in compliance with Sections 33791.01, 4703.12, and 4733.14 of the Ohio Revised code.Plans shall be drawn to scale and shall be sufficiently clear, comprehensive, detailed, and legible so that a determination can be made for conformance with all of the applicable provisions of the currently adopted codes.Mechanical plans: unit types and sizes, system layout, ventilation requirements, and provisions, and control system diagram.Electrical plans: riser diagram including provisions for grounding, panel board schedules, lighting plan(s) and circuiting, power plan(s) and circuiting, and special systems plans.Energy calculations.Provide a site plan showing to scale the size and location of new contruction and all existing structures on the site, including setback and side yard dimensions, all property and interior lot lines, distances from lot lines, the locations of the nearest streets, the established street grades, types and sizes of all utility lines and the elevations of the proposed finished grades; drawn in accordance with an accurate boundary line survey.Submit plumbing plans and details that locate and describe all fixtures, fixture schedules, and show compliance to handicapped accessibility.