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20 June 2019 | 6 replies
I would count on the cost to replace the water heater anyways as it's better advertisement for resale or rental.
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9 June 2019 | 6 replies
I didn't realize my education would count towards that requirement.
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24 July 2019 | 1 reply
Per FICO guidelines it should only count as one inquiry and do far less damage, so I am extra sensitive about credit effects.
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3 June 2019 | 3 replies
If you are going conventional, find a lender that is able to count rental income without a 2 year history on purchases.
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18 November 2019 | 6 replies
Keep in mind that the banks will not value an ADU like a traditional home so if you do not have enough equity for the loan to value you Amy not get approved.You can count on the value of the ADU being close or lower than what you pay to build it.
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3 June 2019 | 3 replies
A $250k home in California (if you can find one...and doghouses don't count), would likely be a Class C property...but in some markets in the Buffalo area, it can buy you a Class B property...and in Redford, MI it can buy you a Class A property.The Class C in CA might not be a positive CF property, the Buffalo property might CF around $300/month...and the Redford Property might CF around $500 or more.The specific market (micro-market) dictates the CF...and there is no consistent direct correlation to the cost of the property,...maybe.
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4 June 2019 | 3 replies
Given that I have had leases expire at various months, as my unit count has grown, I try to set a number of renewals for the spring, and a number for the fall now.
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7 June 2019 | 5 replies
It is an unchartered territory where law, people skills count.
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6 June 2019 | 20 replies
If you are going with a multi-family, you should be able to increase your max limit and count the rental income on the other units at 75% to help you qualify.
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5 June 2019 | 50 replies
@Rio Peterson too many red flags to even count.