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7 June 2024 | 8 replies
Best bet would be to call up the Zoning Department and ask.
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8 June 2024 | 1 reply
Some mentees will act as a bloodhound for the mentor, knocking on doors, driving for dollars, scouring the internet, making cold calls, or performing other services that help the mentor find new deals.
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7 June 2024 | 14 replies
Outside of my principal & interest costs, here are my monthly expenses:Electric: averages $300Water: averages $50 (including irrigation water for lawn)Management (includes weekly pool care, trash cans out & in, pest control): $280HOA: $52Property taxes: $400Insurance: $325Lawn care (weekly): $100Florida STR license: $15Niceties (internet, tv services for guests): $100, and this is generous as I include some stuff I pay for from my own house that would cost more if I didn't.
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8 June 2024 | 24 replies
@Hitanshu Shah-congrats...assuming the 4 plex will be a rental - your best bet will be 25% down and likely a 30 yr fixed program ....if you plan to sell or refinance the loan within a few yrs - focus on the option with the lowest loan fees
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6 June 2024 | 2 replies
I am just a person on an internet message board, but have known enough attorneys and seen second and third hand enough lawsuits to know you are getting dragged in no matter what.Just a few things to think about before you start spending money to transfer, just to learn that it will cost you a lot more to have things like commercial insurance, commercial mortgage, business utility account (not more expensive, but typically require a large deposit to remain on account), etc.
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7 June 2024 | 4 replies
I bet jurisdiction architect is more qualified to determine requirements.
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6 June 2024 | 13 replies
@Leah Smith DSCR that allows STR income is likely your best bet.
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7 June 2024 | 10 replies
You best bet for duplexes are going to be East Dallas and North Oak Cliff.
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6 June 2024 | 7 replies
It will be self managed, I will be near the unit (less than 5 mins away) to clean and take care of any issues.My numbers:Approx Value of Home $240-280kCurrent monthly cost / $860 mo (mortg,ins,tax)Utilities / $250. mo (elec,gas,water,trash,internet)Cost to run as AirbnbApprox monthly cost with STR insurance ($250/mo?)