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13 February 2024 | 0 replies
It encompasses a variety of practices designed to minimize environmental impact and maintenance requirements.
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12 February 2024 | 7 replies
My goal now is to get a multifamily property no more than $250,000 and put 20%-30% down, get a property manager, and put an extra $4-$5k per month into the principal to pay off the mortgage in less than 3 years, but I don’t know what state to invest in, I know Ohio is being looked at but I wouldn’t have to time to see multiple properties in person and I’m not sure how to verify the operating expenses of different properties, required repairs, etc.
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12 February 2024 | 7 replies
Conventional refis require 12 months of seasoning now, so many investors are using DSCR loans.
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14 February 2024 | 123 replies
Happy to show you properties and see if it meets all your number requirements!
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12 February 2024 | 12 replies
Use a DSCR loan - No DTI or the same red tape quasi govt loans have.20% down for a purchase and would require roughly 2-3 months reveres roughly for each REO ownedOnly target goal is make sure your market rent is 1:1 with your PITI.
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12 February 2024 | 14 replies
I was required to add exit signs in the shared hallways / stairs, and to add interconnected heat detectors in all units, and to upgrade all smokes in all units to be hardwired, and to create 1-hour fire separations between the three units, which we accomplished by painting the ceilings and walls shared with stairwells/common halls with intumescent paint.
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12 February 2024 | 3 replies
This requires expense, time, and marketing. 2.
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12 February 2024 | 44 replies
If you ever plan to rehab the property and have to pull an electrical permit you could be required to do a complete rewire.
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12 February 2024 | 3 replies
Key requirement is it must be the primary residence.
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12 February 2024 | 2 replies
This means I may owe US income tax on those proceeds, even though I am paying the required Kenyan taxes on the same rental income.