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21 January 2025 | 10 replies
- Unlikely $60/hour3) Even with all payroll taxes, insurance, etc., they are making a profit margin on that hourly charge.Another way PMCs usually make a markup on maintenance, is that they send you all invoices on their letterhead, or from a maintenance company they actually own.
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20 January 2025 | 6 replies
My advice: don’t overthink it—your first house hack is about learning, so pick a strong rental market, ensure solid demand, and lock in a deal that gets you close to break-even or better.
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22 January 2025 | 22 replies
I guess that kind of vitriol is to be expected coming from someone who doesn't even have his own picture in his profile.
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21 January 2025 | 13 replies
I have quite a bit of experience in the Detroit market and even have a few Section 8 tenants myself.
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18 January 2025 | 3 replies
Partial or full doesn't matter (except see note below re: coming even on delinquent rent).The statute regarding notice for evictions states: "No judgment of possession shall be entered for . . . except in the nonpayment unless the landlord has made written demand and given written notice for delivery of possession of the premises.”
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30 January 2025 | 13 replies
Even if you just use to to place a new tenant.
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19 January 2025 | 18 replies
Aside from that, there are DSCR loans out there that cater to first time homebuyers, some that even allow those that live rent free to purchase as well.
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22 January 2025 | 14 replies
Even 600k loan at 10% interest costs $165 a day.
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22 January 2025 | 9 replies
I’d try my best to be outside the beltway in Baltimore county, generally the nicer areas, I tend to especially like Towson, lutherville, even parkville is a good value.
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7 February 2025 | 31 replies
But coming close to break even, especially when using Interest only debt(HELOC), I'd say probably not a good idea.