Martti Eckert
Long Distance BRRRR in Ohio
17 January 2025 | 22 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
Ram Gonzales
Creating a debt fund for owner finance strategy
15 January 2025 | 29 replies
I am still obligated on the interest payment regardless of how much has been deployed but that is worked into the fund proforma and can be covered by deal cashflow.As to resale price, one of the last one's I did I sold for $125K and had a private loan for $85K which I wrapped.
Robert Lindsley
Tenant with two pitbulls
6 January 2025 | 25 replies
That said, if your insurance doesn't cover certain breeds, then you need to deny those breeds - until the law is changed or you find a different insurance provider who will cover them.There is definitely a law about dog bites, though.
Amol Kulkarni
Amol Kulkarni - I need a PM
5 January 2025 | 4 replies
We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
Julie Muse
Highway 64 Transformation: From Fixer-Upper to $200K Success!
6 January 2025 | 0 replies
By providing the necessary funding and covering renovation expenses, we ensured the project stayed on track and within budget, leading to a profitable outcome.
Ernest Ho
Emotional Support Animal / Service Animal
19 January 2025 | 18 replies
It's been covered extensively.
Rob U.
Flipping homes on land leases
1 January 2025 | 5 replies
Obviously the HOA is keeping values in this neighborhood down because an owner would have a mortgage plus another $715/mo for the HOA, which only covers use to a community center but nothing else.Besides holding costs, is there anything else I should be concerned with for a flip on a land lease?
Donald DiBuono
Mobile Home Park Development
12 January 2025 | 12 replies
I’ve seen people buy land thinking water was covered only to find out they had to pay 6 figures to get water re-routes or upgrade pump stations.
Marquez Cadet
Repair Costs Using Home Warranties
30 December 2024 | 3 replies
Home warranties can sometimes cover rental properties, but it really depends on the specific terms of the warranty and the provider.
Michael Plaks
EXPLAINED: sending 1099s to contractors and vendors
15 January 2025 | 13 replies
I recently paid someone to do my roof and replace the carpet (~5k expense) on my short term rental in 2023, however he won't fill out the 1099-NEC.