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22 January 2025 | 12 replies
If you have a good FICO, a decent down payment and closing costs, go ahead an do the first one.
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4 February 2025 | 4 replies
Some special assessments are already board-approved for 2025 and 2026 to help raise capital for such items, however I know when the time comes there will be a loan which likely demands a higher monthly payment for owners -- reducing my cashflow. - Based on sale of other units in the complex, I believe my current equity to be roughly $160,000, a little more than 50% equity. - The condo is currently leased through April 30, 2025. - August 2025 will be 3 years since I moved out.
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10 February 2025 | 24 replies
Oh, one more thing to be wary of, section 8 contracts states that if you have long running issue and not fixing it, not only can they stop the rent payment for that unit, but for every unit in that property.and another one.
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27 January 2025 | 9 replies
A $400-500K mortgage is not a trivial payment plus property taxes on top of running your own house.
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30 January 2025 | 4 replies
Also, verify rent payments for last 2 years.
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30 January 2025 | 6 replies
We've seen 3% for 100+ unit apartment complexes, but they also have onsite staff not included in the 3% management fee.Two other pricing options to properly understand:1) Fee charged based upon tenant payments or just occupancy.
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8 February 2025 | 15 replies
So you can scale that if you want.FHA is for people with poor credit and very little down payment.
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20 January 2025 | 31 replies
A lot of them contain Balloon Payment Provisions.
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10 February 2025 | 11 replies
It's near impossible to cash flow when most homes are selling for above $750K, Taxes and Insurance added in the PITI payment is higher than the rents.You can buy a Duplex 2 unit for example in either FL, IN, or OH and not pay more than $200K the rents are typically $1200-$1500 a door.
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25 January 2025 | 0 replies
At which point our evaluation should rise on the community for closer to $4,000,000.00We've enjoyed digitizing all payments, streamlining service, as well as infilling new homes.