Spencer Cornelia
$50k Loss on First Two Flips | Out of State Investing Gone Wrong
19 January 2025 | 9 replies
Yours turned out amazing (based on those pictures) at least.
Benjamin Ying
First time investor needing some confidence!
5 February 2025 | 54 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.
Matthew McCarty
Started out, need advice. Already have one property and have 100K in the bank.
28 January 2025 | 6 replies
I actually like them because the homeowners' association (HOA) usually covers most of the insurance, and there is very little maintenance required.
Jeremy Jong
[Jersey City] Short-Term Rental Inspection: Pass/fail based on home's condition?
6 February 2025 | 3 replies
This hasn't been covered up yet.
Dylan Webb
Metal roof duplex & garage
31 January 2025 | 0 replies
We specialize in investments but can certainly cover all things residential.
Drew Sygit
A Logical Way to Understand & Monitor Your PMC's Maintenance Charges!
26 January 2025 | 2 replies
You may have to do this several times for all the different tasks being done.The only labor cost not covered by this type of online inquiry is drive time from the businessto the property, to the store & back for supplies and then back to the business address.
Spencer Dixon
Creative Deal making
4 February 2025 | 0 replies
So a loss of about 55k We did a lease to own option so I could immediately take over expenses but keep their primary resident loan and interest rate.We agreed to a deal which would cover all their expenses at closing, their remaining loan balance, and $45,000.
Tanya Maslach
Who pays - Landlord or tenant?
11 January 2025 | 15 replies
We eat the first one, thy get a picture of all the glory the plumber pulled out and the second time they get billed.
Aj Green
Can an Ohio Lender Beat a 6.75% on an Invetment Property?
22 January 2025 | 16 replies
you said "rent covers mortgage." you need it to be significantly higher than the mortgage to cover all the expenses you are going to incur.hope this helps...
Gene D Stephens
Looking for Advice on Investment/DSCR loans
29 January 2025 | 11 replies
Your initial terms will vary based on your investment experience, but generally, you want to plan on needing 20% of the purchase price if you're a newer investor and the lender will cover 100% of the rehab.