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20 January 2025 | 23 replies
A DSCR loan could definitely work, especially if the park’s cash flow can cover the debt.
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26 January 2025 | 48 replies
You'll need documentation of the cost to replace, hopefully, pictures from your cleaning team before their arrival, an owner's closet with lock for supplies, and limit the number of supplies you provide to a determined number.
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21 January 2025 | 7 replies
Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.
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15 January 2025 | 1 reply
If you need any help in the area from pictures of home, to items being valued and or my experience how to get rid of them from estate sale to auction to donation.
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27 January 2025 | 10 replies
Have you called the housing authority that covers this property to confirm the max rent based on the # of beds?
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21 January 2025 | 8 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.
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22 January 2025 | 0 replies
Partner Driven fully funded the transaction, covering the $17,000 purchase price.
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19 February 2025 | 32 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.
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18 January 2025 | 15 replies
Do they like to be on the couch (if so I have couch covers)?
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19 February 2025 | 27 replies
Well, BIA has got you covered.