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27 October 2024 | 6 replies
How much value goes down for a house with foundation issues, found a house for FixNFlip, they mentioned it has foundation issues and they got them fixed, but whats the value reduction from market price , How safe it is to purchase house like these
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28 October 2024 | 10 replies
Not to mention paying the mortgage for the months there may be vacancies.
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31 October 2024 | 18 replies
You should make sure that in the worst case scenario (no rooms rented out), that you will be able to afford the mortgage.Even though it's unlikely all the rooms will be vacant, its equally unlikely that all rooms will be rented out for a long time, room renters tend to move around a lot so you still want to make sure you're prepared for the vacancy, as Koren mentioned above expect leases under 12 months.
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30 October 2024 | 15 replies
Talk to him and mention that there have been a number of different people coming over when he's at work and you want to make sure his girlfriend is not running a business out of the house.
28 October 2024 | 5 replies
For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.
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29 October 2024 | 11 replies
Besides everything mentioned above, the finishes can have an impact on pricing:Granite countertops, flooring type, who new everything is, etc.
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30 October 2024 | 35 replies
@William CoetIt's much easier to raise capital from investors, especially foreign investors, when you mention cities like NY, Miami, LA.
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29 October 2024 | 24 replies
Hi @Henrique Dantas have you been able to verify the points you mentioned above from a bank?
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30 October 2024 | 11 replies
Your cash flow will be a lot higher while your tenants pay off your mortgages, not to mention the mortgage interest tax write off so your rental income is tax free.
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27 October 2024 | 7 replies
Request repair requests in written form even though they may mention in passing and you are next door just so you don't lose track of things.