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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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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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23 December 2024 | 24 replies
So you must cover that 10%, holding costs, and have reserves for overruns.
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27 December 2024 | 34 replies
7) Home Insurance: make sure you understand what is and is not covered.
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17 December 2024 | 20 replies
Or we print xxxxx dollars to cover our interest and debt payments.
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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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18 December 2024 | 11 replies
But when the two elevators went down and we realized we were barely able to make DSCR and weren’t cash flowing enough to cover long term major maintenance and cap ex, we had to pivot into Plan B.in regard to renovating in a partially occupied building, it’s a nightmare.
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16 December 2024 | 21 replies
They will sometimes cover some of the damage with lots of back and forth.Look into companies like Waivo and Safely.
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13 December 2024 | 35 replies
That being said there are those that are willing to accept buying in an appreciating area where the rent only covers the mortgage (PITI).
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20 December 2024 | 19 replies
Quote from @Bryce Cover: if you aren't getting licensed yourself, are most of you leveraging realtors for your transactions, lawyers, or representing yourselves in these transactions?