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6 February 2025 | 12 replies
Purchased for 80K, rent it for 750 each plus utilities.
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5 February 2025 | 7 replies
I reduced my responsibility to only taxes/insurance while the tenant buyer does the maintenance, pays utilities and makes monthly payments to me.
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23 January 2025 | 7 replies
paying mgt any landscape/snow/utilities?
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27 January 2025 | 12 replies
And you can be a landlord that gets a very poor return because they haven't utilized their space well by changing the layout.
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22 January 2025 | 9 replies
I don’t really have an interest in House hacking if long-term rates are $700 a month incl utilities for a bedroom.
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22 January 2025 | 8 replies
Hello Biggerpockets Community, This is my first post as I am trying to utilize BiggerPockets more.
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12 January 2025 | 2 replies
I utilized those funds to purchase 18 rental units.
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6 February 2025 | 20 replies
Additionally, they've avoided 40-50 hard credit inquiries populating on their credit as a result of the soft credit inquiry that we utilize for DSCR loans.If DSCR loans are a new thing to you, I would recommend checking out some articles here on Bigger Pockets or giving me a call to learn more.
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22 January 2025 | 7 replies
The canceling tenant remains responsible for rent, utilities, and other charges until a replacement takes over.
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20 January 2025 | 4 replies
Here are the key numbers:Potential purchase price: Mid-$400k rangeAppraised value: Estimated at ~$500kRehabbed comparable properties (comps): ~$580-600kMonthly PITI (with 5% down, including mortgage insurance): ~$3400First-year PITI (with 2-1 buydown): ~$2900Monthly income (after taxes): ~4-5kLiving expenses (utilities, groceries, etc.): ~$1600Savings available: ~15-20% of the purchase priceCash to close: ~$34kRehab estimate: ~$34kRemaining reserves: ~$20-25kTo fully fund the rehab, I’d need to come up with an additional ~$15k in the short term, which I anticipate paying back quickly once the rental portion is generating income.