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2 January 2025 | 13 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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6 January 2025 | 5 replies
I would look at it in terms of whether you can afford a worst case scenario where you're covering the deductible and have a credit line or cash to front the re-build cost and getting reimbursed from insurance afterwards.
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2 January 2025 | 2 replies
Each housing authority (HA) provides a voucher amount determined by bedroom and some further define it by zip code or city within their covered area.
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3 January 2025 | 11 replies
If the HELOC is from an existing rental property (A) but funds are used for rentals (B and C), the interest must be allocated to B and C, not A.This post does not create a CPA-Client relationship.
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31 December 2024 | 66 replies
Now the deposit covers up front costs , some materials , overhead and PROFIT .
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28 December 2024 | 1 reply
Asa result, we are seeking alternative methods for acquiring off-marketproperties.While we havedeveloped a robust system for identifying and pre-qualifying potential landparcels, one of the major hurdles we face is reaching the property owners.
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2 January 2025 | 13 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 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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31 December 2024 | 4 replies
On a pre-1900 build I often see them filled with mortar, at least here in Milwaukee.
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31 December 2024 | 418 replies
I would think you have to have a very specific audience to go for this type of investment and pre-existing trust is at the top of the list.
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6 January 2025 | 13 replies
Yes you have insurance, but it may not cover everything.