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30 September 2024 | 24 replies
It covers those groves of the old wood paneling and is paintable.
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27 September 2024 | 4 replies
I decided to go with a fixed rate HEloan over a HELOC because at the time, interest rates were rising and I knew that the rents can more than cover the fixed payments.
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27 September 2024 | 47 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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26 September 2024 | 10 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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26 September 2024 | 3 replies
Lenders typically look for a minimum DSCR of 1.2 or higher, meaning your property's income should cover 120% of your debt obligations.
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25 September 2024 | 4 replies
Good morning all, I'm looking to invest in real estate using Section 8 programsRent covered seems to be great but most of the time, I see that people are not renting for 100% of the voucher is there any reason?
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25 September 2024 | 11 replies
Typically, it would be covered by the late fee income.
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25 September 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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27 September 2024 | 48 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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27 September 2024 | 9 replies
I also have a close relationship with the cleaning company, so that part is covered.