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14 December 2024 | 12 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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13 December 2024 | 2 replies
That is assuming your DTI can cover the increased mortgage payment.If you have use for that extra $100k that you would get back right now then don’t wait.
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12 December 2024 | 19 replies
The covered majority of the lost rent.
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19 December 2024 | 13 replies
In other words, if you don't fill your unit in the slow season because you're afraid it will cut into your high season revenue, will the high season revenue more than cover the difference?
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14 December 2024 | 6 replies
These funds can cover the down payment and closing costs for your next property.3.
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.
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4 December 2024 | 2 replies
All state said they cover cash value for properties built prior to 1940, drewlling comes out less than half of asking price.
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17 December 2024 | 16 replies
He can't loan you any part of the 3.5% down and you can get seller contributions to cover closing costs, etc.Just food for thought...
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13 December 2024 | 7 replies
Make sure the property’s rental income will cover these costs.
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16 December 2024 | 8 replies
I don't have the skill set YET to gauge rehab costs and try to BRRRR, but I'd like to learn.This is definitely a choice but my option is that you will do better if you focus on duplexes and cherry-pick a few SFRs as you come across them.As for your Strengths, it sounds like you have an excellent ability to save and your ability to bulk analyze data will serve you well to identify big-picture areas, property types, and characteristics to focus on.I like that you realize the first investment will not be your best investment.