
9 January 2025 | 2 replies
Real numbers- purchase 907k,rehab , closing costs, soft costs, 840k, all in 1.747 mil, basis for each unit should be roughly 291kappraisal of each unit minimum 400k , so 2.4 mil if for all 6.I might refi only 4 out of 6, that will cover initial loan amount.

9 January 2025 | 8 replies
Assuming your property is in Utah (like your profile indicates), here's the state law from a basic internet search:In Utah, a tenant who abandons a rental property without notice is liable for the lesser of the following: The rent remaining on the leaseThe rent plus the difference between the fair rental value and the agreed-upon rentThe cost to restore the property to its original conditionThe landlord can also remove the tenant's belongings and sell them if the tenant doesn't claim them within a reasonable time.

13 January 2025 | 6 replies
The biggest factors, from what I can tell, are age and rebuild cost.

14 January 2025 | 4 replies
This will be costly in today's market and interest rates, but might be worth a shot if they can afford to stay.If they don't want to stay and you want the the townhome to rent to someone else and just want to assume the loan, well then she can call the lender and see if the loan is assumable.

11 January 2025 | 7 replies
Many times they will hold back the renovation costs in escrow and release once you’ve shown the renovated unit and leased it.

4 January 2025 | 20 replies
I was speaking about the power of marketing on social media.

14 January 2025 | 25 replies
Usually you can negotiate it for a few thousand and buying new costs about $20/ft.

27 December 2024 | 34 replies
Seems like it's in a lower end area so if it is filled you will have tenant issues and turnover cost.

12 January 2025 | 2 replies
Which increases paperwork & costs for little benefit - if any.4) You'll need an entity in the US.You need to discuss all this with a qualified tax professional or attorney.- For our clients, we provide consultations with a tax attorney that handles over 300 foreigners legal & tax needs.