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1 November 2024 | 6 replies
Is that per TV or cover the whole house.I have upscale vacation rentals so I'm personally not cheating out by not providing cable channels.I even put this in my ads. " If other properties aren't even providing cable channels, what other corners are they cutting?
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28 October 2024 | 2 replies
This means a lot of units are sitting, and we're seeing a lot of price reductions, lower offers being accepted, sellers willing to help cover buyer closing costs, etc.
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6 November 2024 | 42 replies
The simplest way to underwrite a deal here is that peak busy season - July 1 to August 20th-ish - gross revenue needs to cover your PITI for the year.
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23 October 2024 | 1 reply
We fixed the roof ,at least I think we did , but will see how it does.
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31 October 2024 | 7 replies
I'd like to pick a good platform and keep everything under one roof - not need multiple tools.
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31 October 2024 | 6 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, many blemishes, but should have no evictions in last 2 years.
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1 November 2024 | 6 replies
With your current 2.875% interest rate and tenants covering expenses, you're in a solid spot.
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31 October 2024 | 5 replies
When she started to remodel, she realized the electricity needed to be updated and the current landlord didn't have the funds to cover.
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1 November 2024 | 19 replies
I haven't turned over our estimates as I told our realtor that the estimates won't cover the real cost to us, which is higher due to loss of use (no rental income while work is being done) and time that we'll have to invest in hiring and coordinating the work.
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2 November 2024 | 8 replies
It covers your down payment and in most cases the closing costs depending on what state you live in or County.Focus on 2-4 unit multifamily homes first if possible because you can use 75% of the rents per month of each door/unit as income to qualify.