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21 November 2024 | 10 replies
All this fancy mumbo fha guideline gumbo means is that your projected market rents assuming all units, if it were rented Times 75% need to be greater than what your monthly payment is (PITIA = principal/interest/taxes/insurance/assessments monthly), other wise FHA will not lend at that loan amount so common solutions to this when rents are too low in your local market are to put more money down payment which defeats the whole purpose of low 3.5% down FHA doesnt it?
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27 November 2024 | 16 replies
Other than the costs of setting up the STR PM business itself, there are relatively few costs to the PM for taking on a new property.An MTR operator is usually approaching LTR owner with a proposal: to rent their unit at the advertised rate as a long-term tenant.
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17 November 2024 | 33 replies
You will likely have common area lighting (interior and exterior), perhaps heating and cooling too.
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20 November 2024 | 4 replies
These will allow you to advertise in an area where viewers are actually looking for a new home or apartment.2) boost your listing with a small daily budget.
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20 November 2024 | 6 replies
Otherwise, as others have said you’re basically advertising you don’t plan to close.
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21 November 2024 | 3 replies
Commonly it's gas.What about electric and gas?
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19 November 2024 | 4 replies
And it is so stupid to not advertise every way and time possible, right?
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21 November 2024 | 3 replies
RJ Gullo advertises everywhere about 1031 exchanges - I've never used him, but I know he does them.From what I understand about what you said it looks like you are trying to do an installment sale (downpayment now, then payments overtime).
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21 November 2024 | 10 replies
You find the house completely trashed with missing appliances and cabinets, tenants were cooking meth, windows broken, etc. 6-8 months of unpaid rent, unpaid utilities, thousands to empty the abandoned property and trash, $50,000 to completely renovate the property and make it rentable again, plus all the time, energy, and stress along the way.I would actually argue this is pretty common and not even the worst-case scenario.
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18 November 2024 | 35 replies
@Natali Cobb depends on what is common for the area.Also, you can put in your ad that W/D negotiable and see what the responses are.