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19 September 2024 | 4 replies
However, given the current home prices and mortgage rates in areas like Natick and Framingham, I’m uncertain if rental income will cover costs like PMI or if these areas offer good potential for appreciation and equity growth.Any suggestions on areas that meet the 1% rent rule or have strong appreciation potential would be greatly appreciated!
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18 September 2024 | 5 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe 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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20 September 2024 | 31 replies
In my contracts I always ask for more earnest money than I put in myself, that way, it covers some of your carrying costs and due diligence related costs.
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20 September 2024 | 21 replies
Can it cover the monthly shortfall?
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18 September 2024 | 3 replies
Hi,I am looking to connect with MTR specialists covering the North Texas region ( Frisco, Little Elm, Mckinney) to market my single family homesThanks
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19 September 2024 | 7 replies
note: they do have enough money to cover the first, last, and security deposit
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18 September 2024 | 6 replies
I'm looking for recommendations based on your experience with insurance companies that cover STRs in this area or other mountain markets that are comparable.
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19 September 2024 | 8 replies
I did a private lending , borrower bought house under the name of LLC, first lien recorded. value of house is at least to cover the loan(as of now).
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19 September 2024 | 13 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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19 September 2024 | 29 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.