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7 December 2024 | 5 replies
And this does not include the real world issues, namely are you even allowed to convert this property to a four-unit and taking a single family to 4 unit is very likely going to cost more than $110k (but this depends on the actual layout and work scope).
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11 December 2024 | 13 replies
I read it a lot of different places including on bigger pockets.
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11 December 2024 | 101 replies
If history is any guide, it won't happen and it is in nobody's interest (including the cartels).
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9 December 2024 | 21 replies
This property will not compete with hotels is what I thought We just book multiple rooms next to each other to take advantage of the included Disney transportation.
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7 December 2024 | 2 replies
Other challenges also included ,1.
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9 December 2024 | 8 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
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7 December 2024 | 1 reply
As of December 2024, the average cost to install a solar panel system in California is $2.31 per watt, including installation.
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7 December 2024 | 2 replies
While showing one of the newly vacated units to a potential renter, he informed me that he was displaced because of the hurricanes, and that FEMA was providing him with assistance for moving, including paying his security deposit, rent, and moving costs.
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10 December 2024 | 22 replies
I contacted the recruiter directly and provided them a flyer for my property so they can include it when placing future travel nurses in my area.If you have multiple units (usually there is a minimum of 4 or 5), then the hospital is usually willing to share your information with their inbound travel staff.Best wishes,Melissa
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6 December 2024 | 4 replies
I am expanded my door knocking operation to include other people within my company.