Desmond Kerr
Newbie to fix and hold but not rentals
1 January 2025 | 1 reply
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
Najeh Davenport
Need Advice on Appraisal Issues and Refinancing Options
15 January 2025 | 12 replies
Weeks later, it was communicated to us that the underwriter wouldn’t accept the ones signed by only one of us – legally binding for LLCs – and required we send amended copies of leases signed by both of us.
Luis Marin
Sell or Rent How do we identify what is best for us?
4 January 2025 | 5 replies
. ==== Projected Income ====**Off Season**-$4,000/Month Rent Period: September - May (7 Months) Projected Income: $28,000**Summer 1**-$8,000/Week Rent Period: June (4 Weeks)Projected Income: $32,000**Summer 2**-$8,500/WeekRent Period: July-September (12 Weeks) Projected Income: $102,000**Optional** (Basement Apartment)-$2,000/Month -Rent Period: Year Round Projected Income: $24,000TOTAL PROJECTED INCOME: $186,000 ==== Operating Cost ====-Mortgage: $84,000 ($7,000/Month) -Utilities: $36,200Gas $6,000 ($500/Month) Electricity $6,000 ($500/Month) Internet $2,400 ($200/Month) Garbage $5,000 (Estimate) Pool $4,000 ($250/Week)Landscaping: $4,000 -Mowing: $2,400 ($150/Week) -Clean Ups: $1,600 (Spring & Fall)-Weekly Turnovers: $8,800 ($550/Week)==== Legal Cost ====Summer Rental Fee: $20,100 (15% of $134K)Sandwich Rental Tax: $6,855 (15% of $45,700) NET PROFFIT: $38,845.00
Paul Dario Jr
Options for HELOC’s 2025
31 December 2024 | 1 reply
No legal jargon or last-minute surprises.Smaller credit unions are also worth exploring.
Joelle Chilazi
Greetings from Realtor in Jersey City which has the 2nd highest rents in the US
13 January 2025 | 27 replies
NJ is very tenant friendly state on the legal side.
Joel Oh
One platform strategy
2 January 2025 | 30 replies
I love how Airbnb just pay me based on the evidence without going through 6 months legal battle or 3 years of collection hunting.
Dina Schmid
Misreprentation (or error?) of Lot Size, City and Zipcode on MLS
28 December 2024 | 11 replies
Purchase contract should show the entire legal as platted.
Jeremy Jareckyj
Mid Term Rental Agreement
29 December 2024 | 15 replies
Quote from @Jeremy Jareckyj: Anything rented for longer than 30 days is legally considered a long-term rental.
Na Connolly
Transfer of Deed from Conservator to person
31 December 2024 | 2 replies
Hello- I have a. situation that I need some clarification and understanding.Situation: My wife is the Conservator and legal guardian of her mother who is in memory care.
Joshua Piche
Im looking to move out this year and house hack my first property
7 January 2025 | 12 replies
- FYI: it's only illegal to try to rent it out, the property owner can usually legally live in a nonconforming basement unit.If you do all this you may still negatively cashflow each month, so make sure your income can cover and/or your cash reserves.If you do this successfully, you will learn more in 1-2 years than you would reading here on BP for 5+ years:)Good luck:)