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18 December 2024 | 4 replies
Once you evict them and are ready to rehab, you have various loan options to cover the renovations costs and pull out equity.4.
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19 December 2024 | 82 replies
We live in this nice house because I'm covering some of the mortgage expense with the income from the house hack.
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19 December 2024 | 21 replies
NW covers a broad range of neighborhoods.
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15 December 2024 | 2 replies
The plan is to provide the tenant with their own stackable laundry in their unit and offer the shed for storage.Is there a legal timeline needed to give such notice or is issuing a new lease best /covers all bases?
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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.
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20 December 2024 | 14 replies
Time to close, cost of capital, & their requirements - there's a few that cover detroit & will lend up to 75% of ARV, 90% of purchase price + 100% of rehab costs
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4 December 2024 | 2 replies
All state said they cover cash value for properties built prior to 1940, drewlling comes out less than half of asking price.
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17 December 2024 | 16 replies
Some of the best BRRRR deals I have seen play out this way:You buy a home cheap enough that when you do a renovation and pull out 75-80% LTV, your rent covers your mortgage and you have returned most of your investmentThis is for A-B class areas.
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17 December 2024 | 14 replies
They can cover up to 90% of the purchase price and 100% of rehab costs, making them ideal for BRRRR projects[1].
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14 December 2024 | 12 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.