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28 January 2025 | 2 replies
My current property management company doesn’t offer this service, and the only company I know of is very hard to communicate with.
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19 January 2025 | 47 replies
Within the first month I believe the company byte federal has a data breach.
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19 February 2025 | 9 replies
If you’re financing, you may need a construction loan or some creative structuring to get this across the finish line.4️⃣ Vacancy Timing – Since you’re using BRRRR, minimizing holding costs is key.
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27 January 2025 | 1 reply
I have tried to get quotes for these properties and I haven't found a company that is willing to insure me because I have open claims.
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2 February 2025 | 3 replies
Just hire a 3rd party company that takes care of this for you - worth every penny.
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27 January 2025 | 18 replies
Kyler, call your a couple of insurance companies and get a formal quote so you can take this back to the seller.
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3 February 2025 | 3 replies
The process from start to finish would take four months and cost ~200k to build, with comps in the area around 355k-lender man said, refinancing would take six months as most lenders wont refinance a property unless its been built for six months, affecting the strategy to get paid out from refinancing quicker and closing out on construction loan-The property would not appraise at comps value, but at the cost it took to build, affecting getting paid out from the refinance.
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31 January 2025 | 3 replies
We don't even a Board yet (it's a new build), and it's all being coordinated by the HOA management company for the building.The developer offered to make the new door key fobbed on each side for entry, and would install a new security camera.
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12 February 2025 | 6 replies
Year long lease typically, with subletting allowed to offset summer months cost to tenant.I worked out some high-level math: Assuming there is a 6 bedroom single family house for sale for 800k, and I can rent for 6k/month.Financing: 350k cash, 450k loan @30yr, 3.8%.Assumptions: 7% vacancy/yr, $4000/yr repairs, $10k/yr property tax, $4k/yr insurance, 8% management fee+50% first month rent on new leaseMonth-to-month breakdown: Income: $6000 Vacancy, Mgmt fee, repair, taxes, insurance: $2300Loan PI: $2650I'd take home ~$1000/month.
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13 February 2025 | 7 replies
If there is a mortgage on your primary residence and you are trying to deed your primary residence property to an LLC, you will need to check with your mortgage company if they allow it.