
23 September 2024 | 8 replies
Even if appreciation is the same across the board, 3% appreciation on $1M asset or $3,000/month rent is a higher dollar amount than something on a $100K asset or $1,000/month rent.Between my house hacks and partnerships, I'm up to 15 doors (including my personal residence) where the last time I did a down payment was in 2015.

20 September 2024 | 22 replies
The quote includes the HVAC machine and installation.

22 September 2024 | 1 reply
😎Everything is included for advanced financial metrics as well, such as IRR, Cap Rates, 5-Year Estimated Values, and more!

22 September 2024 | 5 replies
Would absolutely verify employment and do credit and background checks, including public records.

24 September 2024 | 27 replies
If isolated town will include people outside city limits.

22 September 2024 | 12 replies
Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

25 September 2024 | 37 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).

23 September 2024 | 19 replies
I think she actually had a really good idea.she believes that providing gift baskets for first time tenants that include general house warming gifts, cleaning supplies,maybe a recipe book and even a small book or brochure of how to care of a house would be a great start to a relationship/good tenant.the goal of this would be to obviously motivate your tenant to take care of your property, keep it clean, and to create a level of respect between both parties right off the bat. that means (rent on time, communication, a good experience from beginning to end.)im interested in hearing your thoughts about this and if any of you are or have already tried it?

22 September 2024 | 9 replies
I also notice a lot of people from Chicago moving into the area (myself included) due to the movement towards remote work, although this is anecdotal evidence.