26 July 2017 | 9 replies
The average cost of single family dwellings is around $180,000 with an average residential income of about $48,000.
24 July 2017 | 4 replies
Just look at it as a learning experience and try not to dwell on it...life is too short to do so and I'm sure you could use that energy on something else that will earn you the money lost PLUS SOME :-)Best of luck to you!
23 October 2017 | 12 replies
Goal is multiple streams of income!
26 July 2017 | 3 replies
It's a single family Dwelling.
25 July 2017 | 18 replies
Our company literally can't buy properties fast enough, the demand is way high.The #1 thing I see in our application stream each month is to low or no credit, plus income.
20 March 2018 | 22 replies
It is a little late now, but If we assume that your property's land value was approximately 20% of the property value at the time of conversion, your depreciation basis for the dwelling structure should have been about $144K, giving you about $26182 total depreciation over the past five years.
27 July 2017 | 11 replies
It sounds like you have done well to this point and are now looking to move forward into a more passive income stream.
20 March 2018 | 18 replies
Juxtapose that with having an SFR, if you make that same mistake you don't have 4 other (small) streams of income to make up for the one that's missing.
4 August 2017 | 14 replies
However, in the case of Residential Lenders ( 1 to 4 unit dwellings) it's exactly the opposite: For Conventional Conforming loans, the Agencies (Fannie Mae, Freddie Mac) will not allow you to vest in legal entities.