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9 July 2024 | 20 replies
I am not used to using DSCR as a metric, and I want to confirm I understand what you mean on this.
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6 July 2024 | 2 replies
I am currently going through the numbers and trying to figure out how much it would rent for, what kind of maintenance reserve they should keep, etc..
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5 July 2024 | 5 replies
Best way you can confirm is to get SCE out there by calling the planning department and asking them to show up.
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6 July 2024 | 16 replies
I really don't think that applies anymore as the number one advantage of Real Estate is the leverage (it's easy to get money for it).However, You need cash reserves to make sure you stay in business and can keep building (both skills and wealth).To answer the question of BRRR vs Flip - It's all about "do I have enough cash reserves to make sure I'm going to stay in business?"
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7 July 2024 | 11 replies
This matter has been fully settled 100% with an ex-tenant MacKenzie Mae that was renting, but I was told she can’t post here, by her, because bigger pockets has now actually banned her from the site...therfore I’m posting this notice of settlement and confirmation that this matter is completely and 100% fully resolved and settled as of 06/25/2024.Kind RegardsDJ Thielen
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5 July 2024 | 7 replies
That would be like saying the new buyer owes the seller money put in the reserve account.
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6 July 2024 | 10 replies
Yes, we have a few different accounts 1. operating expenses for the business 2. one account where all rents and cash reserves for maintenance are held 3. security deposits 4. company taxes 5. company savings 6. company salaries, etc..
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8 July 2024 | 27 replies
And the last line of your post confirmed that.
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8 July 2024 | 35 replies
You want to make sure you have factored that period into your numbers for startup time and your reserves before your STR can officially hit the market.WhereSecond up is the Where for the Shenandoah area.
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6 July 2024 | 10 replies
The manufacturer of the water heater and two different plumbers confirmed this