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Results (10,000+)
Sunil Kale Missed 11 month warranty - no communication from tenant
16 December 2024 | 19 replies
Landlords can enter a tenant's property for a variety of reasons, including: Making repairs or replacements Responding to a tenant's request Removing unauthorized window coverings Preventing waste of utilities Changing filters, testing, or replacing smoke detector batteries Inspections Helping with an emergency inside the unit Posting a notice of eviction"Research your state laws because some of your comments indicate a lack of understanding of the landlord/tenant laws where you are operating (like threatening the tenants to keep the security deposit if they don't respond to you, I doubt that is actually a valid reason to keep their deposit, or evicting for late payments, or charging the tenants for your warranty repairs because you missed your 11 month inspection window which was your responsibility, and it looks like your lease says you can charge up to 18% interest for unpaid fees, is that actually legal?).
Rance Smith Crazy Chicago real estate Journey
12 December 2024 | 19 replies
The covered majority of the lost rent.
Ryan Fox is the structural engineer correct??
17 December 2024 | 15 replies
Covered over by the tar paper and shingles.
Sam McCormack What are your goals in 2025?
8 December 2024 | 2 replies
Promotion?
Tiffany Alfaro Preparing for Real Estate Investment: Savings, Expenses, and Side Work Opportunities
13 December 2024 | 7 replies
Make sure the property’s rental income will cover these costs.
Account Closed Mold and possible arbitration
12 December 2024 | 2 replies
If you didn't do any testing, you are definitely going to have an issue if the house was covered in mold.
Trey Holloway Financing and Down Payments
15 December 2024 | 13 replies
About 20% use DSCR (usually 20-25% down) and the rest are cash or hard money or something else.For $325k purchase:1) As a broker I would negotiate down as its been on the market a while and its especially now in holidays)2) I would also negotiate seller paid closing cost credits, most loans allow 3% which should cover most or all of that.3) Assuming you paid $325k but got closing costs covered I would anticipate a minimum of $32,500 down and maximum $65,000 down depending on lending product chosen.4) Remember you still must furnish and I use $20/ft as a safe estimate to fully outfit an STR property.Best of luck!
Kevin Zmick Having Trouble Renting Unit in First Property
19 December 2024 | 22 replies
Set your standards up front.Raise the rent to the market max and the difference will cover the deposit in 12 months or so.
Joseph Chacko vellukunnel Rookie investor exploring a multi family in jersey city heights
17 December 2024 | 8 replies
Hey @Joseph Chacko vellukunnel,I think @William Kwong covered some great points especially with the financing aspect.
Kaveh Narimani Anyone able to successfully accomplish BRRRR in Salt Lake County in this market?
12 December 2024 | 7 replies
That being said, it's very difficult to get rents to even cover PITI payments at 80% loan-to-value in Utah these days.