Burt L.
City Right of Way Agent Greatly Misrepresented Project To Gain Construction Access
9 December 2024 | 9 replies
All the water from the crown of the road floods onto my property and I was informed its illegal to discharge water onto anothers property and that the engineers could apply pressure to the city to have curb and gutter installed.
Arun Maheshwari
Inspection contingency for foreclosure property
17 December 2024 | 3 replies
Quote from @Arun Maheshwari: Hi,Does the bank owned foreclosure property allows to put Inspection contingency for big issues like plumbing, eletricity etc.ThanksIf it is bank owned and the foreclosure has taken place - possibly but they would make you responsible to turn on power and water and turn it back off.
Lee Ripma
Understanding Kansas City Neighborhoods and Zip Codes
25 December 2024 | 12 replies
In Atlanta, some areas tends to have flood.
Darlene S.
Avantstay pros cons for an owner? Short Term Rental
20 January 2025 | 34 replies
While we were onboarding the property to the system and trying to figure out the automated sprinklers, he was out there every day watering the lawn by hand, stopping the buck and taking personal responsibility.
Jennifer Fernéz
Help with this deal!
18 January 2025 | 10 replies
@Jennifer Fernéz I run sum numbers for you with our tool, see comments and pics below before refinancing and post refinancing .Financial Breakdown: Purchase Price: $200,000 Mortgage (LTV 80%): $160,000 Interest Rate: 6% (30-Year Amortization) Mortgage Monthly Payment: $959Upfront Costs: Down Payment (20%): $40,000 Closing Costs (3.5%): $7,000 Renovation Costs: $15,000 1 Month of Carrying Costs During Renovation: $1,548Total Upfront Required: $63,548Year One Rent: Monthly Rent Income: $2,000 1 Month Rent Losses during renovations (-$2,000): -$167/month distributed over 12 months Total Rent Income: $22,000 per year => $ 1,833 per monthMonthly Expenses: Mortgage Payment: $959 Property Tax (Assuming $3,000/year): $250 per month Property Insurance (Assumption): $100 per month Utilities (Hydro, Gas, Water): $275 per month Assuming 5% Vacancy: $92 Assuming 0 % Repairs & Maintenance first year because unit has been recently renovated Total Monthly Expenses: $1,676Monthly Net Cash Flow: $157Post-Renovation Refinancing Strategy after 12 months:So far, we’ve purchased the property, completed renovations, and rented it out.Next, you can approach the bank for a refinance to consolidate a portion of your initial investment into a mortgage.
Jacob Kurian
Ceiling Trouble / Bathroom Leak
13 December 2024 | 3 replies
What water source is in that area?
Robert Pierce
Orlando PM Fee's
17 December 2024 | 7 replies
Indeed, where we pay a REALTOR commission, we are initially under water, but look at the long- term probability the rental will remain in the system.
John Dallas
Wanting to retire with a few cabins in the Western NC mountains.
19 December 2024 | 8 replies
I have 10 water front lots on a trout river in WNC with mountain views, they are cleared. i have the site permit, i have the well and septic permits.
Liz Lynn
Mobile Home Rentals
18 December 2024 | 2 replies
Some areas have restrictions on mobile homes or rentals.Utilities: Ensure the land is equipped with essential utilities like water, sewer, and electricity.
Brendan Connolly
Looking for tips for slow season
19 December 2024 | 13 replies
They are there due to a flood in their home.