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18 September 2024 | 35 replies
I agree with the above posts - it's in the turnkey company's best interests to jack up rents to increase their projected ROI.As a general rule, I do not trust a single projection value any seller offers as they're nearly always weighted in favor of the seller.Zillow is a great way to check rent comps.
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21 September 2024 | 44 replies
Not knowing anything else about the future this keeps your pro forma not overly weighted one way or another.
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19 September 2024 | 30 replies
(They paid a handyman $150 to put the weight back on the kitchen sink faucet line!
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16 September 2024 | 13 replies
It doesn't exist yet. 15% down will most likely be at a high 8% rate and you may get an LTV reduction with it being a short term rental.
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16 September 2024 | 6 replies
Also consider, you've gone past the first 5 years of the loan which are interest/principal reduction ratio wise the worst years.
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10 September 2024 | 7 replies
I feel reducing debt is a safe bet.Thanks,Troy When it comes to debt reduction, I would always recommend either starting with the lowest loan balance or the highest monthly payment debt.
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13 September 2024 | 0 replies
So, if interest rates are a buyer’s primary roadblock, then I recommend negotiating a rate buydown at a seller’s expense or looking at new construction, where builders are offering rate reductions and other substantial incentives.
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14 September 2024 | 11 replies
This means you would likely still be responsible for the $7,000 lien.As for negotiating the lien, it’s possible to reach out to the Commonwealth and try to negotiate a reduction, especially given the age of the lien and the accumulated interest.
14 September 2024 | 10 replies
For Conventional, there is no percentage/factor reduction where there is historical income figures to work with (reported a tax form)- the figures from the tax return are used.
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11 September 2024 | 31 replies
Tenants rights document from AG says, " Seeking Rent Reduction If a landlord breaches the warranty of habitability, the tenant may sue for a rent reduction.