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31 December 2024 | 3 replies
So, I also require that :Monthly Rent + Monthly Debt Payments <= Gross MONTHLY Rent * 45%This is similar to how mortgage qualifications work by considering the applicants' debt loan along with their housing cost in relation to their income.
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15 January 2025 | 11 replies
We typically pay somewhere in the range of $3500 for a new, basic furnance, including install, if there are no other modifications to the system required.
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26 January 2025 | 13 replies
Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.
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14 January 2025 | 1 reply
Most building codes and HUD standards require bedrooms to have windows for egress and ventilation.
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15 January 2025 | 6 replies
I know lots of installers don't do it, and I personally prefer the unimpeded look, but anything installed outside of the requirements of the material is probably going to be limited, i.e. the insurance company is not going to pay you because the material was not installed according to flooring requirements.
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23 January 2025 | 10 replies
The fix/flip might be a good way to get such a relationship started: usually has lower cash out of pocket requirements and you can sell the property faster to recoup the capital invested, plus any profits.
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14 January 2025 | 6 replies
2 are not cashflowing with the required expenses for vacancy at 10%, repairs at 10% and capital expenditures at 5%.
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17 January 2025 | 9 replies
HUD 4000.1 (I believe) is the latest HUD handbook and it goes over all requirements for originating the loan, including but not limited to occupancy requirements and exemptions.FHA occupancy : "At least one Borrower must occupy the Property within 60 Days of signing the security instrument and intend to continue occupancy for at least one year."
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14 January 2025 | 4 replies
The requirement to do this generally involves an experienced GC signing on the borrowing entity as a 20+% owner thus making them a signatory on the loan and responsible for the debt which in most cases is not very easy to find.
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31 January 2025 | 42 replies
@Alan F. the app require iOS 16 or later