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30 November 2024 | 2 replies
A ground-up construction loan for a new investor on some vacant land would also be a no-go as you must be able to show successful exits (refinance or sale) from a few projects before that's an option.So, we need to be able to see funds in your account that can cover the down payment, closing costs, and some reserves left over that will allow you to start your rehab.• No entity to close in: Though an LLC/entity is not a must-have, it's a nice-to-have prior to seeking financing.
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21 November 2024 | 9 replies
Quote from @Cam Schwartz: Hey Joel, I know others have run into similar issues with the BRRRR calculator.
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28 November 2024 | 10 replies
So hard money loan in my name, down payment and carrying costs covered by her but we still need to meet to hash out the details.
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3 December 2024 | 19 replies
If rents don't keep pace with inflation, you won't have enough funds to cover these inflated prices.Rents and prices are driven by supply and demand.
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5 December 2024 | 31 replies
But PadSplit does not handle maintenance and any member communications, our management covers that.
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1 December 2024 | 93 replies
Of course we cover some of that, but that's usually one page towards the end of the book.
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30 November 2024 | 16 replies
House hacking is when you buy any 1-4 unit property as your primary and rent out the other units or rooms to help cover your mortgage.
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29 November 2024 | 1 reply
The truth is, the odds of being successfully sued for more than your insurance will cover is ridiculously low.
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29 November 2024 | 7 replies
Anything smaller makes it harder to get them washed properly.Check out the Yale Appliance Blog - https://blog.yaleappliance.com/They cover all sorts of topics about appliances.
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2 December 2024 | 35 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.