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5 November 2024 | 8 replies
If you want a Ring, get a Ring.There are a TON of options for cameras out there to cover the door.Ya pays yer money and ya takes yer chances.
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5 November 2024 | 2 replies
I have some funds of my own, but not enough to cover the steep down payment.
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1 November 2024 | 22 replies
In general we cover all utilities including wifi.
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8 November 2024 | 22 replies
For simplicity, I did not include closing costs or loan points in the purchase price numbers, but did include a fee of 10% of the sale price to cover closing costs, commissions, and minor repairs.ModelsBelow are two tables showing the IRR for the traditional rental, using a 20% down payment, and the BRRRR models using a 75% LTV loan.
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7 November 2024 | 8 replies
Lenders don't like borrowers without reserves.Is it risky if the property cashflows well at 100% financing, in an appreciating area, and you have plenty of cash in the bank to cover any problems?
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1 November 2024 | 5 replies
A grading contractor should be consulted for further evaluation and repair.From the attic, some of the fascia boards and the ends of some of the roof sheathing were discolored in a manner consistent with water penetration.
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6 November 2024 | 12 replies
Something else I found with BRRRRs in my market right now is that even if my equity may be enough to cash-out everything I put into the deal, the rent I could get would not cover that high of a mortgage.
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4 November 2024 | 4 replies
We 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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6 November 2024 | 6 replies
If you can do the deal yourself safely, with reserves to cover unexpected issues, it is a lot cleaner.
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6 November 2024 | 7 replies
The underwriter of your loan may want to see your current property be leased and make sure that it covers your PITI, but that will depend on the guidelines of your lender.