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20 October 2024 | 6 replies
My current strategy is to fund the projects with 85% LTC construction loans and cover the other 15% either with my own cash or tapping into a HELOC.
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22 October 2024 | 15 replies
I was fitting this into an awkward schedule.The Facebook group was welcoming and fun to lurk and read posts, getting a feel for the community.Contracts in the document library were great – but overwhelming (you’ll see this phrase a lot)This was a main value for me – hiring lawyers to write contracts without knowing potential pitfalls or where I could/could not protect myself was a major concern.These contracts are worth the price of admission and only available w/in community.These contracts cover Joint Ventures (JVs) between parties, Creative Deals and non-creative deals, WRAPs, RVs, Automobiles, Leas Options, Wholesale Assignments, Hybrid docs and more.I haven’t actually gone through all of them yet.Tens of Thousands of dollars have been spent refining these contracts and just having access to this library was worth the price.
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20 October 2024 | 12 replies
Legally (most states), a 30-day Notice MUST cover at least one rental payment period.
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19 October 2024 | 30 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.
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19 October 2024 | 11 replies
It meant the income covers its own costs.
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22 October 2024 | 23 replies
But planning for the long term, I would like for my real estate portfolio to cover a 9-5 job in passive income.
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18 October 2024 | 3 replies
Our lease requires the tenant to carry renter's insurance with a minimum of $300,000 liability coverage naming us as additional insureds, as well as covering their personal property.
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19 October 2024 | 7 replies
Tenants pay a portion of their income toward rent, and the program covers the rest.### 2.
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20 October 2024 | 17 replies
insurance companies are also charging extra to cover ice machines.
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18 October 2024 | 7 replies
Can I require additional deposit to cover the accidents this animal is going to make?