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16 December 2024 | 23 replies
And typically long term rentals don't make it easy to include property management fees into the numbers and have them still work well.I would consider looking into STR type areas where you can avoid the risk of property damages (str and pm insurance covers almost everything that they might damage) and evictions/collections.
10 December 2024 | 2 replies
Again PMI offers the lower rate because its less risky and offers insurance to the bank.So when you sell your current home try and keep as much as possible and avoid an "All Cash" offer.
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11 December 2024 | 6 replies
If you have more, they will not insure you.
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1 December 2024 | 6 replies
Basically insurance companies looking to relocate people who had to insurance claims on their property and need a temporal housing.I’m curiouse to learn more on how to tap into this market and rent my properties to insurance companies .thank you !
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11 December 2024 | 12 replies
I didn’t go with his company to set up my life insurance policy.
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9 December 2024 | 4 replies
They do everything for you (payments, taxes, insurance coverage) - the website and app are easy and functional and you can vet your guests!
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10 December 2024 | 6 replies
The only way to answer that in general (whether house hacking in today's market is still a good option) or for a particular property, is to learn how to run the numbers and analyze a specific property to see whether it will be able to stand on its own as an investment when you move out someday.There are a lot of resources here on BP for doing that but I'd just say, make sure the assumptions you're putting into your spreadsheet or deal analyzer are realistic.Make sure the rents (especially for vacant units or pro-forma #s) are realistic by doing your own rent comps; make sure the mortgage rate is realistic by doing some research online and/or talking to some mortgage folks; make sure insurance #s are realistic by getting a couple of quotes for the # of units and zip code / area you're looking in; etc.I hope that helps, and good luck 😊
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9 December 2024 | 8 replies
Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).
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10 December 2024 | 36 replies
These companies do NOT have their own money they all tie into Large hedgefund or insurance company LOC's that can change on a whim and you know sheeet flows down hill.
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4 December 2024 | 3 replies
Because high rental yields, tax free income, and stable market. what do I have to learn first to start investing on Dubai's rental properties?