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30 September 2024 | 15 replies
I do not have a sheet but I typically budget $150 for lawn, $150 for pool if applicable, $100 for cable, $100 for water, $300 a month for electric (depending on property size and your local utility costs), $50 for pest control, and another $200 per month in misc.
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1 October 2024 | 1 reply
Not sure if you have a direct question, but reading the questions between the lines on when a property is actually considered to be in service.Facts and circumstances.Generally for a rental property it is "in service" when it is "ready and available for rent" - meaning you are marketing it for rent, and a tenant could utilize a property that day.
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30 September 2024 | 8 replies
Are you utilizing any cost segregation studies/real estate professional status to lower the taxable income?
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30 September 2024 | 17 replies
This is more common for commercial (5+ units, often lenders in this category want the owner/operator to have experience self managing or hire professional management), and not very common 4 units and under, IME.
2 October 2024 | 10 replies
FEMA rental Assistance covers the cost of monthly rent and essential utilities, gas, electric, water, trash, and sewer.
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3 October 2024 | 14 replies
Most common you will see the following for MAX LTV; 80% on purchase, 80% on rate/term refis, 75% on cash-out refis.
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4 October 2024 | 17 replies
You may also want to bring a flashlight to better assess darker areas, especially if utilities are off.
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4 October 2024 | 17 replies
In cheaper markets it is more common to rent LTR (from what I can see, that's why the prices are lower).
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2 October 2024 | 5 replies
Profit-sharing in the 20-30% range is also common in situations where coaches play a key role in creating wealth through property investment.”
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30 September 2024 | 4 replies
I also wanted to add a few security cameras outside and in the common area.