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12 July 2024 | 16 replies
I’m Manhattan based but wanting to BRRRR upstate.Hit me with your advice and wisdom 🙏
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9 July 2024 | 16 replies
Seems like it would make enough to pay debt service and you could get your cashback and still cashflow/appreciate.
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11 July 2024 | 6 replies
You could charge a flat fee on utilities with a clause that states if bills exceed $X, then you split based on square footage.I've done all of the above and it has worked out.Regarding the thermostat, you may want to put in a mini split for the JADU in case your tenants like one way but you like the temperature another.
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9 July 2024 | 22 replies
Subject property that can cashflow above the minimum debt service coverage ratio.
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12 July 2024 | 8 replies
However, if you pay all cash, some lenders will allow you to do a cash out refinance based off of the purchase price immediately after closing with no seasoning requirements.
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11 July 2024 | 3 replies
I can shed some light.LAW EXEMPTIONS - There are very few parts of the VRLTA that allow an exemption for people based on units owned, and late fees is not one of them.
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13 July 2024 | 21 replies
You don't want to go nutz making all sorts of changes based on a brand new listing with few reviews.I think you are getting some great views and hopefully you will get some good conversion moving forward.
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9 July 2024 | 8 replies
Just calculate based on how well you think the rental will do and choose the manager you think will best look after your property, even if they do charge a little more.
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11 July 2024 | 1 reply
Few other things to consider: is this a triple net lease or is the 10% cap offered based on the Tenant's last years expenses (at least the ones they are showing).