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11 February 2025 | 1681 replies
Never a customer though.
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10 February 2025 | 11 replies
It's near impossible to cash flow when most homes are selling for above $750K, Taxes and Insurance added in the PITI payment is higher than the rents.You can buy a Duplex 2 unit for example in either FL, IN, or OH and not pay more than $200K the rents are typically $1200-$1500 a door.
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9 January 2025 | 59 replies
Also, would you be willing to message me a link to one of your Booking.com listings so I can see the format, etc from a customer point of view?
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23 January 2025 | 11 replies
Living in one unit and renting out the others allows you to deduct 75% of expenses like mortgage interest, property taxes, insurance, and shared repairs as rental expenses, while the remaining 25% applies to personal use.
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3 February 2025 | 4 replies
Insurance fell dramatically since a new roof was put on and I switched carriers.
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19 January 2025 | 9 replies
A customer of mine happened to be a local real estate investor and he owned the land next to my business.
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28 December 2024 | 3 replies
It’s time to look into home owners/rental insurance.
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8 February 2025 | 34 replies
The taxes and insurance sound like where we are in St Augustine and NY.
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13 February 2025 | 5 replies
Here are the key numbers:Potential purchase price: Mid-$400k rangeAppraised value: Estimated at ~$500kRehabbed comparable properties (comps): ~$580-600kMonthly PITI (with 5% down, including mortgage insurance): ~$3400First-year PITI (with 2-1 buydown): ~$2900Monthly income (after taxes): ~4-5kLiving expenses (utilities, groceries, etc.): ~$1600Savings available: ~15-20% of the purchase priceCash to close: ~$34kRehab estimate: ~$34kRemaining reserves: ~$20-25kTo fully fund the rehab, I’d need to come up with an additional ~$15k in the short term, which I anticipate paying back quickly once the rental portion is generating income.
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3 January 2025 | 1 reply
They are DESPERATE to find insurance and are striking out everywhere!!