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29 November 2017 | 6 replies
Be especially careful charging a tenant for the entire cost of carpet when the carpets are like 10 years oldPicture or pin holes in walls, as long as not excessivePainting the exterior of the homePressure washing unless there are oil stains from their autoRoutine maintenanceThere are many more circumstances that could and will come into play, but lets all work together to come to a resolution.
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29 November 2017 | 7 replies
Was he embarrassed, flippant, angry?
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1 December 2017 | 3 replies
This should be a wash with the reduced loan payoff but more money to the seller, but it may leave you scratching your head.
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4 December 2017 | 14 replies
The east facing balcony has great sunlight in the morning.Some Shared Amenities include: Pool, Tennis Courts, Sauna, Beach Access, Car Wash, Heated Underground ParkingTenant to pay electricity utility.I've recently mailed 45 Postcards to all the other tenants in the Condo building offering a $200 Referral.
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6 December 2017 | 7 replies
I would pressure wash it and sell with
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14 March 2018 | 6 replies
Most banks view it as a "wash" and give full credit if the amount covers the underlying payment and taxes.
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19 March 2018 | 87 replies
Buy a car wash or put piles in a storage unit are two options.
20 March 2018 | 15 replies
Then, once each rental is done this way and applied to income or debt, they are going calculate your DTI and qualify or deny you based on the DTI requirements of that particular loan program (28%, 30%, 35%, 40%, 60+% back in 2005, whatever).The above underwriting method is know as "washing" the debt of each rental property with its income.Another way that they do it is they simply take the PITI of each property straight to the debt, and the rental income from each property straight to the income (usually also reduced to 75%); rather than washing it first.It is advantageous to the borrower's qualifications to "wash" the PITI with the rental income and then apply the remainder, whether positive or negative, to income or debt.
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15 March 2018 | 6 replies
The property consists of 4 structures - 2 duplexes, an SFR and 2 car garage, and has 3/4 of acre.Here is the link to my analysis using the BP calc assuming a $455,000 purchase price and below is quick summary.https://www.biggerpockets.com/calculators/shared/260799/874435c9-b77f-4f96-a3de-90be11c4cbbaThe asking price is $475,000, Assumed purchase $455,000.I've assumed $30,000 in repairs as a place holder (TBD)Current Rents total - $4,700 + an additional $75 in income from laundry machines _ According to listing broker.Taxes are $5,868 (verified)Insurance $4,500When factoring in other expenses - landscape maintenance, water, elec, vacancy, repairs, cap ex and PM I end up with $610 in cash flow.
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21 March 2018 | 36 replies
It's backed by a war machine...aircraft carriers, missiles, etc.