
26 November 2024 | 14 replies
There are no commitals until it works for you and there are no regulations or fees associated with using the app.
26 November 2024 | 3 replies
Typically, you’ll need to use an online listing service, where you can either participate in a free trial or pay a fee to view listings.

26 November 2024 | 7 replies
To be honest I wanted to dissolve that LLC mostly because I didn't want to continue paying all the annual fees associated with it

27 November 2024 | 10 replies
Before deciding, run the numbers to see how much you’d net after closing costs and fees, and compare that to holding the property with the current rental projections.

25 November 2024 | 11 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

1 December 2024 | 32 replies
While you shouldn’t categorize all tenants and it’s the landlords responsibility to properly screen, the tenants who reside in better situated housing and pay higher rents are more financially responsible meaning lower rate of rent loss and will generally take better care of the property which combined will result in less time allocated towards management functions if self-performed or more favorable management fee structures if 3rd party management companies are utilized (which ties back to #1, as well).

26 November 2024 | 4 replies
I will then need to go after you for all of the expenses of eviction, moving the home and storage fees.

25 November 2024 | 4 replies
You could charge access fees or offer day passes for off-road adventures.Lease for Cell Towers: If the location is right, telecommunications companies might be interested in leasing a small portion of your land to install a cell tower.Event Space: If you can make it picturesque or add basic amenities, the land could be rented out for events such as weddings, retreats, or festivals.

25 November 2024 | 6 replies
Another thing about most suburbs is that the property taxes can be brutal which needs to be factored in to your analysis.The biggest thing is where ever you buy, you need to feel comfortable living in AND upon move out, the property needs to cash flow.

23 November 2024 | 40 replies
In the example below, it shows my "Vrbo commission" is 5% and their "payment processing fee" is 3%, so they take a total of 8% (of the nightly rate + cleaning fee + pet fee).