Louisiana Property Disclosure Form
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FAQs lrec property disclosure
What are the documents that residential real estate investors need to keep in their records for each property they own and lease?In MAHARASHTRA STATE, INDIAFOR OWNERSHIP FLATS, SHOP, COMMERCIAL, Excluding Land.1 Registered Sale Agreement2 7/12 EXTRACT3 TITLE SEARCH REPORT4 BLUE PRINT5 CHAIN DOCUMENT (If Owner is 2nd Party or More)6 NA ORDER7 COMPLETATION CERTIFICATE (CC) or OCCUPANCY CERTIFICATE8 INDEX 29 SHARE CERTIFICATE (If SOCIETY is REGISTERED)10 REGISTRATION ReceiptThis Documents are Important for ALL CITYs in MMR - MUMBAI METROPOLITAN REGION
How much leverage is too much, for a real estate investor who buys and holds residential properties while renting them out?The easiest way to answer this question is to ask “by how much would rents need to fall or expenses need to rise before I could not pay my mortgage”.At the asset level, lenders use a formula called debt service coverage ratio to try to answer this question. DSCR is: (annual rent - annual expenses) / annual debt service payments.Annual debt service is your total annual mortgage payments, including interest and principal (in any).Since annual rent - annual expenses = Net operating income, another way of saying this is just Net Operating Income / Annual Debt Service.Lenders generally want to see the ratio at something like 1.25, which is to say $1.25 of NOI for each $1 of debt service.Here’s a real world example:Rent $100kExpenses $30kAnnual debt service $55kSo, DSCR = (100k - 30k) / 55k = 1.27Now, imagine expenses stay constant but rents come dow 15% to $85k. NOI is $85k - $30k = $55k. At that point, there is literally no margin for error… every last dollar of NOI is going to service the mortgage.So, if you want to be safe at the asset level, I would suggest keeping your DSCR to more like 1.3–1.4… eg keeping your mortgage small enough that you have $1.30 or $1.40 for each $1 of mortgage payments.One final note: DSCR works at the asset level. But it’s also worthwhile to consider your whole portfolio. After all, if rents fall but you have lots of other income coming in from stable sources (say, a stock portfolio, other properties, good jobs, etc.), you might be willing / able to subsidize the mortgage on your income property. So, in that scenario, if borrowing against the income property is the cheapest path, it may make sense for you to take a larger-than-normally-prudent loan against the property.
How did the New York Times get access to private property documents for the latest New York real estate feature?Probably by using New York's Freedom of Information Law ("FOIL"), which requires government agencies to provide specific pubic records upon written request. Condominium units are separate parcels of real estate, each with a separate lot number and tax ID number. Public tax assessment rolls will show the fee owner of each parcel of real estate in NYC. If a condominium is owned by "XYZ, LLC," and they want to know who the person or persons are who own this entity, they would submit a written FOIL request to the New York State Department of State, requesting its records for the establishment or registration of that entity. Those records will often reveal the true owner behind the LLC.
How much can a land entitlement for commercial use add to the value of my prime residential property in the city center?Honestly it really depends. Here are the factors.Is there demand for commercial space in your city center? The fact is that computers and cars drastically reduced the demand for office and retail space in American city centers. Downtowns became the place for lively entertainment venues and art galleries because the owners of those businesses could take over shuttered former Downtown retail that had all moved to the suburban shopping mall. They did so because the real estate was much cheaper. It may be commercial rents can’t actually cover the cost of switching residential to commercialIs commercial rent higher than residential? I know in my city it isn’t. Commercial rent is highly dependent on traffic counts both car and pedestrian. Residential is based on whether it’s a convenient and nice place to live. Typically in a high end neighborhood the residential uses are much more valuable than the commercial ones.If the answer to either of those is no, then the answer is probably no. Nearly all of the residential construction you read about revitalizing city centers is actually happening on land or in buildings once used or planned for commercial uses. Odds are the most valuable option for a piece of downtown land almost anywhere in the world is either multifamily residential or maybe a hotel(if it’s the best spot to build a hotel on that doesn't already have one).
How do very mixed race people fill out official documents and forms that ask for race if one is only allowed to choose one race?None of the above?
How big is the real estate investment market? Assuming a startup wants to create a service for individuals owning rental property, how many possible customers are out there?Assuming you're talking about the US, it is vast, huge, and amorphous. There is no way you'll be able to get a measurement.Outside of major cities, 40 to 60% of the buildings, are owned by individuals, or single member LLCs. The rental market has shockingly many single family, or duplexes that are being rented out. There are no centralized listings of these people, not statewide not countywide in very few cities track landlords.There are national statistics which say how many people on versus how many people rent, but looking at the people who rent you do not know whether they are renting single-family house, or a studio apartment in a complex. Getting your hands around the number of landlords in the US is impossible. It's been tried before
How does real estate investing work in Robert Kiyosaki's Cashflow game? Why do I only pay for a down payment? Shouldn't I eventually have to buy out the property?Not necessarily,The reason you only make the downpayment is because (assuming you ran the numbers correctly) a downpayment can be the only payment you make on a property. Every other expense (repair, mortgage, taxes, insurance, utilities, etc.) Will be paid by the incoming rent from tenants, ans you would never need to put another penny into the property. Assuming you budgetted correctly!Www.frommilitarytomillionaire.com