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28 January 2025 | 9 replies
This figure includes allowances for heat, electric and any other utility that the tenat is required to pay and this is deducted from the FMR.
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31 December 2024 | 3 replies
So, I also require that :Monthly Rent + Monthly Debt Payments <= Gross MONTHLY Rent * 45%This is similar to how mortgage qualifications work by considering the applicants' debt loan along with their housing cost in relation to their income.
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24 January 2025 | 10 replies
They're safer, easier to use, and require less maintenance than wood-burning fireplaces.
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22 January 2025 | 16 replies
We require them for any tenant over 18 years old.
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27 January 2025 | 35 replies
However, required downpayments were typically 40-50%, and would be difficult without a residency visa.
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26 January 2025 | 11 replies
It’s good to budget for unforeseen expenses.Regarding PMI, it’s worth discussing directly with your loan servicer since many lenders require holding the property for a period or reaching specific equity thresholds before removal.If market rents are $2,200–$2,500, hiring a property manager could help you optimize rent while taking the burden of tenant screening off your plate.
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10 February 2025 | 24 replies
I or a partner have done at least two of his boot-camps over the years, including his land & commercial property which helped us buy our first three land joint ventures-with-the-sellers a few years ago – never has there been subsequent illegal charges, but I do read thoroughly the agreements and immediately notate in my day-timer the required termination date for any company’s teaser or rebate.Again, I empathize with those who had bad experiences with any company’s or guru’s teasers, but I’d suggest rather than avoiding teasers and rebates, take advantage of them!
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31 January 2025 | 26 replies
With inquiries, you're only required to respond to them with a message.
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22 January 2025 | 21 replies
You won't be able to use conventional financing and must use a non-recourse loan which typically require 40% down.
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29 January 2025 | 11 replies
Things just require more ongoing expenses percentage wise out of state because you have to pay people to do everything for you and you will have a longer time building relationships with vendors even when getting decent referrals.