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4 November 2024 | 6 replies
I also understand you can charge them a certain amount as a penalty....1 month rent to cover the downtime for finding a new tenant.
10 November 2024 | 19 replies
Interestingly, you can list the property in U.S. dollars and receive payments in U.S. funds, which means I don't really use COP except to cover utility costs like internet, water, and electricity.
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4 November 2024 | 11 replies
The real issue I found relates to my insurance/umbrella policy, as there are certain breed restrictions they won't cover.
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3 November 2024 | 10 replies
Of course capex does come into play, but I have a lot of factors on my side including most major components of the property have been replaced already, including roof replaced 2 years ago, water heater replaced 3 years ago, full house was just repiped, septic system is 5 years old, HVAC system replaced in last 7 years, i do not cover appliances with warranty in my rentals, and the tenant I placed in the property is a single dude who works 60 hours a week and just needs a place to sleep.
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3 November 2024 | 2 replies
Use the holding costs recouped from the mfu to cover new holding costs on the primary residence, and likely pay oop on the PITI with PMI10.
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4 November 2024 | 14 replies
Check with their renter insurance (we require them to have this) to see if they will cover.
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7 November 2024 | 18 replies
It’s always important to do thorough research before committing to any program.About Partner DrivenAs one of the owners, I can provide some insight into what we offer at Partner Driven:100% Financing: We cover the costs of acquiring and rehabbing properties, removing significant financial barriers for many investors.Ongoing Coaching: We provide continuous support and mentorship to help you succeed in real estate investing.Profit Sharing: We operate on a 50/50 profit split, ensuring both parties benefit from successful deals.Unique Value: Our program is designed to be hands-on, providing practical experience, full funding, and absorbing the financial risk, which is different from what a book or a typical class might offer.Transparency and SupportWe strive to be transparent and supportive, and I’m genuinely sorry to hear that some people have felt otherwise.
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4 November 2024 | 34 replies
To me, any liquidity qualifies: bank letters, bank statements, stocks in an investment account that covers down payment, etc.Today, I got a letter from a hard money lender saying the buyer is approved for 1/2 the listing price of the property.
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5 November 2024 | 11 replies
Given these concerns, you might consider asking the seller to either repair the issues or offer a credit to cover estimated repair costs.
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6 November 2024 | 22 replies
The question is, what is your bottom line and will the rents you can charge cover that?