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18 March 2024 | 0 replies
Purchase price: $420,000 Cash invested: $90,000 Single family 3 bedroom 1 bathroom How did you finance this deal?
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19 March 2024 | 12 replies
Do you have emails back and forth with your accountant regarding pricing, strategy, etc?
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18 March 2024 | 5 replies
Account Closed Mom would be a disqualified person on an SDIRA.
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19 March 2024 | 50 replies
It might be a weird time to pick up multifamily rentals since there is a massive apartment complex being built at the moment, but single family should be pretty safe.Also worth mentioning San Antonio is experiencing massive appreciation right now and a portion of that is certain to spill over into the Corpus area based on proximity and a lot of San Antonio residents vacationing there.
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19 March 2024 | 11 replies
This is different from single-family homes, where owners can rent out the entire property without residing there.
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19 March 2024 | 16 replies
If she were to still be on the loan after you have done whatever you do, typically she wont have the debt counted against her debt ratio on a new mortgage after you have been paying the mortgage from you account for 12 months or more.
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19 March 2024 | 11 replies
We have great +750 credit scores, a +6 month emergency fund, money set aside for the down payment (both emergency fund and down payment are cash sitting in a high yield savings and rolling 4 wk treasury) in addition to a taxable brokerage account I have built throughout the years in the event we need to leverage it for a pledge asset line.
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19 March 2024 | 5 replies
I'm going to preface this with I'm not an accountant or certified tax-preparer but the previous advice seems slightly off (maybe based off old forms).
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18 March 2024 | 7 replies
For more precise estimates of rental revenue, think about speaking with nearby property managers or real estate brokers that focus on rental properties.Closing costs: Compute the closing expenses for the duplex purchase, taking into account attorney fees, title insurance, property taxes, appraisal fees, and loan origination fees.
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19 March 2024 | 20 replies
Good Morning, Is everyone still feeling the STR market is pretty strong here or is long term rental the way to go for a single family house.