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8 September 2024 | 6 replies
Is PadSplit a company you need to work with to essentially find tenants and then they hand the boots on the ground stuff off to you?
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9 September 2024 | 22 replies
This has had the dual negative effect of artificially inflating prices and putting buyers in precarious financial positions.In Worcester, we have seen properties with $6k a month in rent sell for as much as $720k which has directly contributed to a run-up in prices which has priced out most first-time buyers.While the intention behind the Fannie Mae 5% down program may have been to help first-time homebuyers, it’s essential to consider the broader impact on the housing market and buyer stability.
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7 September 2024 | 0 replies
**Instant Reports**: Generate essential financial reports like Profit & Loss Statements and Balance Sheets at the click of a button.
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7 September 2024 | 8 replies
This is an essential tool for anyone buying a tenant-occupied property.
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7 September 2024 | 5 replies
But yeah, you lose a lot of usable space inside; most of the ones I saw had essentially a kitchen/living/dining combo downstairs and a loft with 1 or 2 bedrooms upstairs.
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7 September 2024 | 6 replies
Then, you essentially breakeven because the money from selling the solar back to the grid pays for the panels.
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7 September 2024 | 5 replies
This is an essential tool for anyone buying a tenant-occupied property.
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7 September 2024 | 7 replies
Which if youve done flips , but not commerical multi before, you wont miss much, however a 6 fam is a commerical code permit so there are slight variations between the residential code for essentially all trades which if you dont have a detailed plan and you dont double check every code before you do anything but rely on cheap labor to do your due diliegence for you, what could go wrong ?
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4 September 2024 | 2 replies
That would include not only what you put in your pocket but also mortgage pay-down (principle). 2.
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6 September 2024 | 6 replies
This is the most complicated piece because you are essentially the mortgage originator (which might run into licensing concerns depending on how many times you do this and your state), and you need to make sure the person who is buying is a good borrower.3) close with a title company or lawyer (state dependent) who knows how to deal with this type of transaction4) set up an account with a servicer to collect the money from the borrower (not required, but highly recommended from note buyers)5) collect payments