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16 December 2024 | 5 replies
Now, I typically only use them to skim stats on reviews and the more basic items.
12 December 2024 | 4 replies
The under writing doesn't carry for a 1.25 DSCR which (at the moment) is the golden rule for banks and commercial hard money lenders.
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17 December 2024 | 9 replies
The biggest advantage of using someone local to where you're buying is that they will understand taxes, insurance, and similar items very well when it comes to DTI/DSCR calculations and payment quotes, and they will likely have a local network of service providers for ancillary services (survey, inspections, etc).
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14 December 2024 | 4 replies
Depending how long your LTR was in there, you might need to fix or update a few items.
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24 December 2024 | 25 replies
The local law says that the non owner occupied property being rented will need a designated host that may or may not be the owner however that other line item in the code that stipulates that the host must be available within 30 min driving while the unit is occupied becomes the dealbreaker.
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16 December 2024 | 9 replies
Your biggest problems here are going to be how to properly qualify someone, what to do if someone stops paying, footing the bill if you have a big repair item, finding quality and reasonable vendors/contractors to fix things, and keeping track of payments.If this isn't you, give me some more context of where you're at and I can give some better insights.
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15 December 2024 | 13 replies
So I'm guessing thats the item.
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17 December 2024 | 7 replies
We typically estimate standard costs for these items but get them done much cheaper with our own crew.
16 December 2024 | 8 replies
My CPA instructed me to list my repairs as CAPEX or repair items , furnishings were supplies for the rental.
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17 December 2024 | 8 replies
What I'm seeing in the industry as a cautionary tale for you is that simply the reputation of the company is not going to necessarily carry the day.