31 May 2021 | 3 replies
@Isaiah J AragonMy belief and opinion is that if you buy cash flowing rental property in solid neighborhoods, that the inflationary period were about to hit will only increase rents and home values over the long term.
3 June 2021 | 10 replies
Capital improvements include expenses for improvement to the property, such as a new roof, new siding or major renovations.Capital improvements for residential property are deductible over a 27.5-year period; Ordinary repairs required to maintain the property in good condition, such as painting, fixing leaks and replacing broken windows, are deductible in the year they are paid.
31 May 2021 | 3 replies
During this time I have never gotten more than $7.00 for a week and a half period, usually it’s about $5.00.
7 June 2021 | 23 replies
If the 6 month seasoning period isn't an issue, how many of these loans am I able to obtain?
2 June 2021 | 3 replies
In the explanation of what an ARM is and why someone might prefer it, the course mentions that hybrid ARMs often have an initial fixed period of the loan in which the interest rate is usually lower than what you might get with a standard fixed-rate mortgage.I was wondering if anyone had any experience or thoughts on using this initial fixed period to obtain a low-interest rate and then refinancing to a fixed-rate mortgage before the ARM is adjusted.
12 July 2021 | 6 replies
A couple of factors are at play.First, rents trail purchases because it's a less efficient market.
31 May 2021 | 0 replies
Does the same apply for leases coming up on option periods with rent increases?
31 May 2021 | 2 replies
Generally, I use 1% of the purchase price for EMD and I aim for a 30-day due diligence period before the EMD is nonrefundable.
6 June 2021 | 36 replies
@Zoie Holley - I think in most instances it’s either lack of funds (savings when starting out) or an inability to take effective action after you’ve educated yourself over a period of time.
1 June 2021 | 2 replies
Add an additional 50% amount of time to your renovation period.