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28 December 2024 | 12 replies
Just don't make the mistake of comparing what someone else profits on a role, to decide whether your compensation is sufficient or not.
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2 January 2025 | 32 replies
I own a portfolio of 35 units worth just under $4 million and I find that the analysis, projections and valuation tools DealCheck provides are sufficient for me to make investment decisions.
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14 February 2025 | 161 replies
My only real care about cash flow is to have sufficient margin for safe debt coverage.
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30 December 2024 | 15 replies
Meaning you cannot just evict a tenant because their lease has expired.You will have to build sufficient evidence admissible in court and to the satisfaction of a judge to prove good cause to get a warrant of eviction.Many housing providers kept high risk tenants on month to month leases so that if the tenant stopped paying rent, you could simply give them a notice to vacate and recover possession of the rental unit that way.The reason for this methodology was because the HSTPA of 2019 passed in NYS made it extremely onerous and costly for housing providers to evict due to non payment.That method under good cause will be eliminated.So you can still keep tenants month to month but you will need to document the lease violation due to nonpayment rigorously.How many times and how late is “good” enough?
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26 December 2024 | 9 replies
If a family with kids values D+ then the probably already have it, so providing smart TVs where they can log into their subscription is sufficient.
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30 December 2024 | 6 replies
The right idea is going to be the bread and butter.1) Ideal location2) Quality properties over quantity of properties3) 1.25x DSCR4) Intention to hold no less than 8, but ideally 12+ years.5) Sufficient cap reserves6) Mechanisms to enhance cash flow(via alt investing or house strategies).7) Liability protection through no PG loans(if possible), LLC formation, property management and being a diligent landlord.8) Invest deeper, before wider.Now if you're talking where to invest, different information.
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28 December 2024 | 8 replies
You may also put 5% down on a conventional loan with no self-sufficiency requirement.
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5 January 2025 | 24 replies
This will help you gauge whether the rental income will sufficiently cover your mortgage and expenses.Financing Options: With your plan to put 5% down on the single-family home, make sure you understand how the financing works for the construction part.
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1 January 2025 | 22 replies
With your experience, having sufficient capital to cushion any mistakes is important.