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18 October 2024 | 6 replies
Register for courses covering the BRRRR method and Subject To financing2.
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17 October 2024 | 4 replies
Is there any type of document I can make the buyer sign for these 2 weeks he will be occupying the property in order to cover myself?
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17 October 2024 | 4 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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17 October 2024 | 8 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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17 October 2024 | 12 replies
Typically, as the wholesaler, you pay for the inspection upfront, but you can sometimes negotiate this.In New Jersey, the end buyer usually covers closing costs in an assignment deal, but it should be clearly stated in the contract.Let me know if you need more details or further assistance with financing!
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16 October 2024 | 7 replies
I’m just worried it won’t cover my cost to pay my lender back for the flip and I would have to come out of pocket or sell the house for minimal gain.
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16 October 2024 | 5 replies
The tenant will get their insurance that covers their stuff.Thanks
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16 October 2024 | 5 replies
Also, what I’m asking for will cover all expenses while still meeting here investsmwnt goals.
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20 October 2024 | 84 replies
If you're cash flowing positively, gaining natural appreciation, your interest rate is reasonable and your tenants are paying down your debt I don't see why you would want to make extra payments, personally, unless maybe you're ready to retire and need the extra monthly income to cover your living expenses, or you're worried about hitting a rough patch and not being able to make the payments.
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17 October 2024 | 21 replies
This one is available online for free at nfpa.org.Much of what's in these docs doesn't apply, because they cover a LOT of ground.