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24 October 2024 | 36 replies
Between Airbnb and Vrbo you probably have 95% of the market covered, but you can also get on sites like Booking.com and Google Vacation Rentals, etc for additional exposure. 5.
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20 October 2024 | 8 replies
If the water bill is $100 a month, increase the price by 20% (or whatever you decide is fair) to compensate you for the time required to split and bill and to cover additional use when tenants squander the utility.
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23 October 2024 | 7 replies
So I believe mortgages will look at DTI and want to make sure your income covers your current and future debt obligations at a percentage of 40-49% I believe, so their multiple would be more like 2-2.25x, but it's not a real apples to apples comparison.
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21 October 2024 | 25 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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21 October 2024 | 18 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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20 October 2024 | 14 replies
I know we won't come close to covering our living expenses of around $130k per year initially but I need to make a change.
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20 October 2024 | 4 replies
@Jason Frink, this page seems to cover it:https://www.omglawfirm.com/arkansas-probate-intestate-succes...Here is a pertinent snippet from that page:If you don’t have a Will, the default order of descent goes like this: (1) full blood and adopted children of the decedent, subject to any dower, curtesy, and homestead interest of a spouse; (2) if no full blood or adopted children, then everything to a spouse of greater than three years or half of everything plus dower, curtesy, and homestead to a spouse of less than three years and the other half of everything to other heirs (per this table); (3) to the decedent’s parents or surviving siblings; (4) to the decedent’s grandparents or surviving aunts, uncles, cousins, etc.; (5) to the decedent’s great-grandparents or surviving great aunts, great uncles, etc.; (6) if none of those intermediate descendents are alive the remaining half can go to the spouse of less than three years or to a predeceased spouse’s heirs; (7) finally, if none of these apply, all the property escheats to the county where the decedent died.A good way to visualize the order is to imagine the following scenario: Alfred dies without a Will.
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20 October 2024 | 9 replies
I have a course on creative financing that covers both of these. to answer your question, When dealing with **seller financing** and **subject to** deals, the structure of the payments can vary depending on the agreement between you and the seller.
21 October 2024 | 1 reply
You can write off taxes, property insurance, mortgage interest, and property management fees.MortgageThe property must generate enough rental income to cover the mortgage payment.
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21 October 2024 | 17 replies
The rental amount was not what we were counting on but still covers our mortgage +$200.