
17 October 2024 | 4 replies
Get a few quotes. and if you do not do it, when you go to refinance into a long term loan the appraiser will likely mark the report as "subject to" a structural engineer report of the foundation. and you will not be able to refi until you have done the work that is required.

15 October 2024 | 40 replies
At that point, your ENTIRE ESTATE is exposed and subject to discovery in subsequent litigation.I am not an attorney and this is not legal advice.My $0.02 ...

17 October 2024 | 23 replies
IF the subject land is in city with accessible roads contact Impressa- Ken Semler.

17 October 2024 | 4 replies
We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

17 October 2024 | 0 replies
Hello all, I'm curious how much the HUD will actually pay compared to the 40th percentile rents posted on their site.I'm aware of the different amounts each tenant will cover in terms of their portion of the rent, but I'm not sure if the HUD will actually agree to my rent price.I've been taking the stated FMR for the bedroom count, and taking 20% off the number stated (to be conservative as to what the HUD will accept).

16 October 2024 | 10 replies
Your debt % is 50%, therefore, 50% of the net income (income after expenses, including depreciation), would be subject to UBIT.

17 October 2024 | 4 replies
Is there any type of document I can make the buyer sign for these 2 weeks he will be occupying the property in order to cover myself?

17 October 2024 | 4 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.

17 October 2024 | 8 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.

17 October 2024 | 12 replies
Typically, as the wholesaler, you pay for the inspection upfront, but you can sometimes negotiate this.In New Jersey, the end buyer usually covers closing costs in an assignment deal, but it should be clearly stated in the contract.Let me know if you need more details or further assistance with financing!