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13 February 2025 | 15 replies
you just input the address and it import the information which has bedrooms, bathrooms, and square footage. just be careful with the insurance and property tax data.
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5 February 2025 | 5 replies
Maintenance/cap ex, insurance, if a rental PM, bookkeeping, misc.The fact you have a loan means 1) leverage 2) equity pay down.In addition, there are tax benefits.So I will do some rough underwriting as an OO non-rental at 95% LTV (because FHA has some undesired consequences that make the 1.5% difference in LTV worth avoiding the FHA).equity paydown: 20% (using OP interest rate at 95% LTV and not counting closing costs).
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28 January 2025 | 6 replies
I actually like them because the homeowners' association (HOA) usually covers most of the insurance, and there is very little maintenance required.
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18 February 2025 | 1 reply
Should the builder file a claim under his own builders policy insurance license?
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21 January 2025 | 1 reply
@Suzy FarmanHere’s what’s worked for me:Leverage Airbnb/VRBO: Many insurance companies use these platforms via third-party services.
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8 February 2025 | 10 replies
D.FCheck with your insurer, and adjust accordingly.
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23 February 2025 | 18 replies
Life Insurance covers everything
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13 February 2025 | 0 replies
MM$ projects with 25% ROI monthly payouts - payback with 25% ROI within 5 years Invest and payback gets you 100% vested in 50% of MM life insurance policy Invest and reinvest (partner) gets you 100% vested in 100% of MM life insurance policy
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12 February 2025 | 12 replies
Quote from @Josh Jung: surprised you haven't heard of RBP. it's like a mix of services you can offer to your tenants like renters insurance, virtual concierge, etc So the property manager/landlord pays for their renters insurance, and filters?
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13 February 2025 | 22 replies
Cash flow is defined as the money left over after paying for all expenses, including setting aside a certain amount to cover projected expenses like maintenance, vacancies, or capital expenditures.EXAMPLE:Property Price: $250,000Down Payment (25%): $62,500Loan Amount: $187,500Interest Rate: 6.5%Loan Term: 30 yearsMonthly Mortgage Payment: $1,185Monthly ExpensesMortgage Payment: $1,185Property Taxes: $250Insurance: $100Maintenance (10% of rent): $250Vacancy and CapEx (20% of rent): $500Rental IncomeMonthly Rent: $2,500Total Expenses: $2,285Cash FlowNet Cash Flow: $215 per month 💰However, there are many other factors to consider.