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4 February 2025 | 1 reply
Pay to separately meter the utility.
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6 February 2025 | 11 replies
Let them pay the deposit with a credit card.
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7 February 2025 | 1 reply
If so you should be able to cancel but if you are doing it out of the inspection period you are stuck and could run the risk of losing your earnest money if you put any down.
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17 February 2025 | 8 replies
The mold is like surface mold that can be cleaned with a household cleaning solution and a wet cloth, then dry the space out.
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12 February 2025 | 7 replies
It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.
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15 February 2025 | 2 replies
I highly recommend you study this, practice it, and apply it.https://www.biggerpockets.com/blog/rental-property-cash-flow...Property Details:Type: Single-family homePurchase Price: $289,900Down Payment: 20% ($57,980)Loan Amount: $231,920Interest Rate: 6.85%Loan Term: 30 yearsMonthly Mortgage Payment:Using a mortgage calculator, your principal and interest will cost $1,515 per monthRental Income:Average Rent for Single-Family Home: $2,171 per monthOperating Expenses:Property Taxes: $300 per monthInsurance: $100 per monthMaintenance and Repairs: Budgeting 5% of rental income ($109 per month)Vacancy Rate: Assuming 5% vacancy ($109 per month)Property Management Fees: If outsourced, typically 10% of rental income ($217 per month)Total Monthly Expenses:Operating Expenses: $835Mortgage Payment: $1,515Total Expenses: $2,350Net Monthly Cash Flow:Rental Income: $2,171Total Expenses: $2,350Net Cash Flow: -$179 per monthConclusion:In this scenario, the rental income of $2,171 per month does not fully cover the total monthly expenses of $2,350, resulting in a negative cash flow of $179.
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5 February 2025 | 6 replies
Where buyers/tenants can view dozens of properties in a day to screen out less desirables then schedule with a real agent to see the home in person!
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13 February 2025 | 7 replies
(But not for a “I’m going to live in it 50 weeks out of the year and rent it out two weeks”, IMHO, if that was your idea.
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7 February 2025 | 25 replies
@Jay Sloan Hello, for someone who is interested in learning about commercial real estate can you tell me why the proof of funds from Peter Harris' company seemed out of the ordinary?
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7 February 2025 | 16 replies
If you have no money for down payment do you have teh $2000+ per month to pay the first (then still have to pay the 2nd?)