
16 October 2024 | 16 replies
Cash flow on a househack is near impossible, the best thing to look at will be if you were to move out would you cover costs.

16 October 2024 | 7 replies
Reserves:Most lenders will ask for 6-12 months of reserves to ensure that you can cover mortgage payments if you face financial hardships.

16 October 2024 | 9 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.

14 October 2024 | 16 replies
If your policy doesn't cover flood or wind and the loss of income is caused by flood or wind you aren't covered.

16 October 2024 | 3 replies
There's a course on Udemy now that covers more than foundation but goes through the process of how to get leads, convert them to clients, and how to get the unclaimed funds - showing you how to start your own overage business.

14 October 2024 | 2 replies
It sounds like you've done both.Most important is the notification period prior to evicting them (30, 90, 120 days notice etc.)I've attached a picture how we have to go about serving notices in WA state.

16 October 2024 | 6 replies
It seems the most likely issue is simply having your personal names as the deed holder listed in a complaint although again, based on what you shared about your sound operations your insurance should cover any claims that would arise since you wouldn’t be triggering any coverage exclusions.

15 October 2024 | 3 replies
You'll likely want to talk with a real estate attorney and the local county office or court that handles the process to get a good picture, but here are some things to think about:1.

15 October 2024 | 4 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.

15 October 2024 | 9 replies
This can give you a clearer picture of where you might want to put your investment.