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28 January 2025 | 14 replies
There are also 'mezz' lenders (typically for larger transactions) who will cover up to 90% CLTV and require you to bring the remaining equity to the deal, and additionally there is Gap Funding in the form of unsecured personal debt.The latter can potentially be the most expensive option, but allows for true 100% financing as there are no restrictions for how to use these funds, as they are unsecured, and generally obtained through personal credit, income etc (since there is no collateral for obtaining these funds).
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4 February 2025 | 10 replies
Once I get a few stable long term rentals maybe consider looking into such properties and cover aspects I am able to confirm.
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21 February 2025 | 32 replies
You can use your existing $25k + HML to cover your first flip, and make anywhere between $10k-$25k in the course of 3-6 months (given market, location, etc.)
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27 January 2025 | 8 replies
Prior to inspection I replaced one outlet cover.
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11 February 2025 | 16 replies
Basically 75% of the total rents need to cover all the bills.
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22 January 2025 | 15 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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21 February 2025 | 22 replies
Many investors leverage 0% interest business credit lines (typically for 12 months) to cover down payments, renovations, and other expenses.
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27 January 2025 | 35 replies
They are even working on getting me the evicted tenant's security deposit, the missing JANUARY rent since the place is still empty, and covering the cost of my own manager re-listing the property.
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20 January 2025 | 3 replies
Instead of evicting them, i was thinking is there some way that I could rent it back to him for very cheap (mainly to cover just the taxes/ insurance) ie 2k a year rather than the going rate of 2k a month for similar properties.
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27 January 2025 | 11 replies
You want an investment that pays for itself, including mortgage, taxes, insurance, maintenance, and even some money set aside for a reserve to cover vacancies and capital expenditures.