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17 February 2025 | 13 replies
If loan balance is $300k and it's worth $400k and an equity partner puts $40k to bring it current then they have about 40% of equity in the property - now they would not take straight $40k as probably more costs involved.
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16 February 2025 | 71 replies
Think about how these fees cut into capital gains!
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7 February 2025 | 6 replies
I believe it is completely reasonable to have a clause in your lease that places a cap on utilities with any overage (proven by a bill) being the responsibility of the resident.Our clause states that any electrical bill (we don't have gas, and water has never been a problem) that is over double the same month's bill from last year will have the overage assigned as a fee.It is important to keep your bookkeeping straight if you do assess a fee.
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19 February 2025 | 1 reply
They're already talking about 40% staff cuts at HUD.
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5 February 2025 | 8 replies
The big unknown is how deep the electrical and plumbing work will go.Also, with the attached 1/1 unit, I’m debating whether this could work as a long-term hold instead of a straight flip.
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7 February 2025 | 4 replies
Well, that cut my budget hard all of a sudden.
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20 February 2025 | 5 replies
If your relationship with the old PM has soured, they may work with you to cut the relationship for less than the contracted price.
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20 February 2025 | 3 replies
The fix-and-flip game is always changing, and what worked a few years ago doesn’t always cut it today.
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19 February 2025 | 5 replies
This post was also to see if anyone is using some cutting edge tech that I'm currently unaware of.
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21 January 2025 | 6 replies
I tried to work with my tenant but they cut off all communication with me and wont respond to anyone.