
8 December 2024 | 1 reply
Most focus on rate and amount of cash to close but bad loan administration or bad loan administration policies may cause the project to be far more capital intensive if viewed beyond day one of funding.

4 December 2024 | 2 replies
The insurance quote is $1476/year, deductible $2500, 300k liability.

10 December 2024 | 8 replies
Here are the numbers:Purchase price: 300k @5.5% (might be able to negotiate new exterior paint job credit)Monthly costs: mortgage- 1703 tax-245 (2933/yr) insurance- 167Market rents are 1600$ easy for both sides as is but currently being rented at 1410 and 1325 tenets pay all utilities (separately metered)Planning on putting aside 20% of rents for Maint, vacancy, capex and will be self managing property.

9 December 2024 | 4 replies
They do everything for you (payments, taxes, insurance coverage) - the website and app are easy and functional and you can vet your guests!

29 November 2024 | 10 replies
I wish I had a more helpful answer.You could try your primary insurer and see if you can add a STR policy with it.

9 December 2024 | 8 replies
Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

10 December 2024 | 2 replies
you probably know this but - there are holding costs associated with most flips - interest on the loan, insurance, and sometimes others depending on the localityhope this helps

11 December 2024 | 5 replies
And you avoid things like damaged properties (guest insurance from airbnb or prop manager themselves cover that), evictions, collections, etc.

9 December 2024 | 1 reply
I would recommend to look into something more powerful for business/corporate usage.Section C is not my expertise, but I would recommend to follow the law and have strong security policy such as minimum password requirements and regular changes.To end this on a positive note, Cybersecurity is slowly moving to the forefront of business thinking and it's taken more seriously now than 10, 20 years ago.

16 December 2024 | 35 replies
You can add notes to any transaction also, so later if you want to search for a vendor (you gas company, insurance) you can search by the actual vendor or something you put in your notes.