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4 February 2025 | 10 replies
That said, if you have $50k and want to invest out of state, that puts your realistic budget at $150-175k...maybe even a bit less after you factor in closing costs, make ready expenses, and reserves.
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4 February 2025 | 9 replies
Does that factor in both the mortgage, taxes and maintenance?
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26 January 2025 | 2 replies
Factors that affect hourly rate Job complexity: More complex jobs may cost more.Handyman's experience: Less experienced handymen may charge less.Region: Some regions have higher labor rates.Minimum charge: Some handymen may charge a minimum fee for small jobs.Mileage: Some handymen may charge a mileage fee for jobs outside their service area.What to expect to payA handyman may charge between $35 and $80 per hour.
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9 February 2025 | 173 replies
Know the major risk factors for the type of opportunity you are pursuing, and the minor ones.
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11 February 2025 | 20 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).
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15 January 2025 | 0 replies
Several economic factors are contributing to this shift:Overbuilding: Some areas of Charlotte have seen significant overdevelopment, leading to an oversupply of rental units.Tighter Money: Rising interest rates and economic uncertainty have made tenants more cautious with their spending.Tenant Behavior: Many responsible renters are choosing to stay put rather than take on the cost and hassle of moving.What Does This Mean for Landlords?
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22 January 2025 | 12 replies
Before finalizing a decision to sell, I thought I’d get some thoughts from the BP forumThe only obvious factor I know to try to head off a problem is to carefully screen applicants.
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15 January 2025 | 10 replies
Never invest in any city on this list of the 50 most dangerous US cities.Low operating costs: High operating costs are one of the driving factors for many companies, leaving states with high taxes, regulations, and other costs.
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14 January 2025 | 4 replies
Exceptions include delays caused by factors outside the Subcontractor’s control (e.g., weather, material delays).5.
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21 January 2025 | 5 replies
There should always be timeline contingencies factored into each projects specifics.