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15 July 2024 | 7 replies
The major things we deal with currently in non-snow rentals are just hvac, roof, foundation.Thanks!
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17 July 2024 | 37 replies
Old roofs, old boilers, driveways, huge cap ex expenses that need to get taken care of.Read the Psychology of Money by Morgan House.
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16 July 2024 | 3 replies
ARV : $250,000Monthly gross rental income: $4600Monthly mortgage payment: $1100Property description: completely vacant 4 family (three 3 bedroom, one 2 bedroom apartments) in a competitive rental market with housing shortage (large pool of candidates) 7000 sq ft property with massive units, roof was torn off and redone, newer hot water heaters, furnaces, electrical, plumbing.
14 July 2024 | 2 replies
The Landlord insurance policy quotes I am receiving has a high deductible for Wind/Hail/Named Storm coverage which effectively means replacing the roof would be out of pocket for me which defeats the purpose of carrying this insurance.
15 July 2024 | 5 replies
She is unwilling to sign the document, not because she disagrees with what I've put on the form, but because she flat out refuses to sign.
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15 July 2024 | 9 replies
I initially paid out of pocket for most of the interior updates / rehab costs when the family moved in, but now it could use new roof shingles (which we've got estimates on) and some minor updates in the kitchen and garage.
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15 July 2024 | 9 replies
I believe, they purchase their houses in better areas (better than ours) and a complete rehab, plumbing, wiring, roofs, walls, fixtures help with longevity.
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16 July 2024 | 15 replies
@Adrian Jones Consider doing a flat fee MLS listing ($100-$200) along with hiring a transaction coordinator (~$500).
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15 July 2024 | 2 replies
While the May PCE report (flat headline inflation, +0.1% “core” growth) was very positive for the bond markets and mortgage rates, ‘jobs week’ delivered mixed messages.Current odds on Fed rate cuts at upcoming FOMC meetings below.
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14 July 2024 | 0 replies
electrical upgrades , plumbing,kitchen, roofing, shower, sewer,windows, doors, appliances.. plus I add the first 6month on the loan.My concern is that $18k as leftover in the escrow it should go back to the principal and I only got $15K the bank said that the rest is towards mortgage payments… ???