Tom Sproul
Post-Mint App Personal Finance Software Hunt
3 December 2024 | 3 replies
I personally use Stessa (included free with your pro/business account) and Monarch.
Francisco Pineiro
Contractor Payout Out of State
3 December 2024 | 6 replies
@Francisco Pineiro To protect yourself when working with contractors:1.Start with a Clear Scope of Work (SOW): Ensure every detail of the project is outlined in writing, including materials, timelines, and deliverables.2.Use Milestone Payments: For a $40K rehab, consider this structure: 10% upfront, 30% at halfway completion, 30% at 75%, and the remaining 30% upon full completion.
Nate O.
My 13-Year-Old son wants to learn real estate — What next?
5 December 2024 | 19 replies
My kids went through this around the same age and still have an interest.Teach him financial literacy and include him in what you are normally doing.
Mitch Davidson
Anyone experienced with renting to FEMA?
3 December 2024 | 3 replies
We have an STR in Swannanoa that wasn't damaged and have had several week+ long bookings since the storm (including Army Corps of Engineers, etc).
Daniel Hartless
Low down payment for part time occupancy
3 December 2024 | 4 replies
To add to @Patrick Roberts post - this loan type will require you to qualify with income and liabilities = DTI ratio, which will include the rents you pay to your NV home.
Ahmed Moustafa
Seeking Advice on PMI Removal for Fannie Mae HomeStyle Renovation Loan
5 December 2024 | 5 replies
They explained that Fannie Mae (according to an exchange with their Servicing Portfolio Manager at Fannie Mae for a similar but not an exact loan) does not allow PMI removal for improvements already included in the original loan’s scope until after a two-year seasoning period
Marita Jojo
Tenants locked themselves out at 10 pm
23 November 2024 | 20 replies
They are often too complicated for tenants to figure out, they have too many ways to fail, and they are often easier to circumvent than a standard key lock.I use Schlage electronic door locks with a simple numeric keypad.
Ariel Nixon
Cash Flow Too Good To Be True?
2 December 2024 | 4 replies
What you are not including is vacancy, capital improvements, turnover costs etc.
Dennis Gallagher
Income Expense Ratio
2 December 2024 | 3 replies
@Dennis GallagherIt's my understanding that the "Income-Expense Ratio" primarily use operating expenses as the expense variable, which includes costs like utilities, property taxes, insurance, maintenance, repairs, property management fees, and trash removal, all of which are considered when calculating a property's operating expense ratio (OER).You calculate OER by dividing the total operating expenses by the gross operating income of a property.
Christopher Allen Main
New Person Intro
3 December 2024 | 7 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.