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15 December 2024 | 59 replies
You will want to provide basic amenities like included washer/dryer since living conditions are already less than ideal with that many roommates so you don't want the added hassle of them needing to go downtown to a laundromat. 3.
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11 December 2024 | 25 replies
Then he got "too cool for school" and became a free man again.When you click the quote button, you can delete any text you don't want to include and only leave the text you do want to quote.
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16 December 2024 | 17 replies
Lot rent is $365 and includes water.
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13 December 2024 | 13 replies
Feel free to DM me if you want to talk more.
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22 December 2024 | 23 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 December 2024 | 15 replies
Quote from @Collin Hays: I don't manage short-term any more, but can't you include this in a written rental agreement that the guest signs at the time of booking?
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17 December 2024 | 4 replies
Franky,Feel free to send me an email I can help with evaluating some options.
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17 December 2024 | 4 replies
Feel free to reach out with any questions!
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11 December 2024 | 8 replies
Feel free to send me a DM if you want to talk more?
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20 December 2024 | 6 replies
However, due to rising insurance and tax costs, I'm starting to feel the financial pinch as the tenant currently pays rent 60% below the market average.My long-term goal is to acquire more properties, and I've considered doing a cash-out refinance to access equity for reinvestment.