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23 December 2024 | 15 replies
The other hurdle many run into is that you need to have funds to close and cover reserves in a US based bank account.
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20 December 2024 | 6 replies
Hello everyone, I purchased my home two years ago, and currently, I have a tenant renting a room for $800, which helps cover my mortgage.
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19 December 2024 | 13 replies
The buyer would need to show solid financials also of course (good credit, experience operating rentals, proof of funds for down payment and adequate reserves to cover any unexpected cap ex).
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16 December 2024 | 8 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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21 December 2024 | 10 replies
That would be a debt service cover ratio of 1.5.
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30 December 2024 | 89 replies
I profited well but not enough to cover 6 months if they were all slow months.
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8 January 2025 | 29 replies
While Section 8 appears to promise "guaranteed" income, the reality is quite different.Section 8 typically covers about 80% of the rent with tenants responsible for the remaining 20%.
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14 December 2024 | 4 replies
They can get a loan from the solar company, but would prefer a HELOAN or HELOC to cover the solar and consolidate.
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2 January 2025 | 30 replies
The guest stay with discount and toilet replacement did not cover the cost of the unit for the stay. i have the issue on occasion that the guest is expecting a bigger unit and thinks the price is high but they do not realize the value of the unit.
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10 December 2024 | 3 replies
Within minutes of uploading entire disclosure packet, it automatically detects various type of documents (home inspection, TDS, solar, roof, pest etc.) and creates an insightful report of safety risks, costly repairs.