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11 September 2018 | 2 replies
I moved in March 2017 and have updated all the flooring, all the windows, painted, replaced trim, adding gutters, rehabbed the guest bathroom and there’s more to come over time.
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18 September 2018 | 11 replies
Thanks @Michele B. and @Mike McCarthyI think I'm just going to wait the extra day or so until the report can be viewed by both sides and then see what they come back with and can give towards the repair list.
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13 September 2018 | 6 replies
It's a way for me to diversify into Class A, B, and C properties.
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13 September 2018 | 5 replies
Thanks @Edward B. and @Andy Mirza.
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29 September 2018 | 4 replies
Credit union is the best source of financing if you can secure it.She's asking you for a business plan basicly: monthly projection of your payments received from rent and your payments on bills like taxes, insurances, property manager etc.Let's say, you want to buy a house for $70K, update it for $30K and you think your rent will be $2K/month.Then you make a payment plan for each month what is going to be paid: January+July - taxes $1020 each; March - insurance $870, every month water/sewer $50 (if you don't plan on Tenants to pay)When you make it an Excel table, there will be each month left cash flow, which you then add with mortgage payments.That's one of the main projected financials: your cash flow.Income projected as an income&loss statement: $24,000 income from rent $2040 - taxes $870 - insurance $600 - water/sewer $2400 - PM $4,000 - interest on mortgage- depreciation - maintenance- other expensesWhen you talk to the bank, they should see positive numbers, not just that you know you'll pay.
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13 September 2018 | 1 reply
If you're feeling feisty then get some of the other 30% and band together as a class action and let the 70% and the ultimately buyer know that if they want the property they'll need to go through you.
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14 September 2018 | 0 replies
Now I must move overseas in March of 2019 for 1 year.
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24 September 2018 | 9 replies
Also, always have a Plan B, and C because not much goes according to plan!
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25 September 2018 | 5 replies
@Michele B. and @Rodolfo Canon really gave great responses here.
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28 September 2018 | 6 replies
"This first property catches my eye because A, B, and C.