
3 October 2024 | 14 replies
Plenty of rent money to cover the PITI.)

3 October 2024 | 14 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.

3 October 2024 | 29 replies
My recommendation is to get enough income to pursue a 25% downpayment, enough reserves to cover most of capex and vacancy.

4 October 2024 | 15 replies
You even indemnify GPs against false claims and sign to cover legal cost.

2 October 2024 | 16 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.

1 October 2024 | 7 replies
For example, wood rot is not covered in most policies.

3 October 2024 | 9 replies
The goal is for the rental income from the units to cover all of or most of the mortgage, multifamily house hacking, if you will.

1 October 2024 | 9 replies
This is a more general term used by some insurers to cover all lenders.

2 October 2024 | 3 replies
They'll typically require ~10% down and then cover some or all of the rehab.

3 October 2024 | 7 replies
But I am also having a lot of booked guests concerned about their upcoming stays because of the two storms currently brewing.I've thought of self-insuring but I've been able to find policies with good coverage that also cover the loss of income.