We always make sure we give them a time frame that leaves some room for errorAlso if we are entering the unit we tell them to not leave any personal any valuables in the open.

It's about, in my case, doing something I love, creating a community that I can also learn from, and leaving a legacy for my six kids and their kids. 50 years from now they're gonna see my videos on money and finance.I think it's all about a person's passion, and helping people leave their W2 is a lot more exciting to me right now than closing a deal.

For instance, in New York State, it's not permitted to collect last month's rent, additional security deposits beyond one month's rent, or pet deposits.Regarding the carpet issue, even tenants without pets can sometimes leave carpets in less-than-ideal condition after a couple of years.

Most DSCR lenders will let you take 75% of the value of your home, and a small handful will let you take 80%, but at a cost (higher rates).Unless you have a rate in the 7s or 8s on your existing mortgage, you may be better off placing a 2nd mortgage or line of credit on your property (as an investment home if you plan to leave, these too have occupancy clauses).

This is the simplest method, but it also means your tenants are more likely to abuse the utilities by leaving windows open with the heat or A/C running, leaving lights on, ignoring the toilet that constantly flushes on its own, etc.3.

Expenses that don’t go up as fast take less of a bite as the ARV increases, leaving more room to (slightly) increase the purchase price plus rehab limit to 75% of ARV.We use this rule of thumb for screening, but always create a spreadsheet to estimate all expenses and run a P&L in detail for comparison.

He did not leave a will or living trust so  I’m of course trying to figure out who may have the rights to the home. 

If you're wanting to flip and are on a time clock bc of hard money I would recommend leaving the property vacant because it opens you up not only to investors but owners occupants as well.One thing I was unaware of on these DSCR refinances is the pre-payment penalties.

Of course this installer was recommended by our property manager, who two days ago decided to quit and leave the mess to me, not to mention a 60 day plus vacancy.

People that join for a quick gain and leave a wake of problems behind them, but these are rare and he just recently announced a clever way he’ll be dealing with that too.