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19 February 2024 | 5 replies
I need to renew my 52 unit in South Daytona Florida insurance very soon.
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20 February 2024 | 1 reply
However, despite having some success, I find myself at a plateau, struggling to grow my list further and enhance its quality.I've employed standard practices such as networking at local real estate events, leveraging social media platforms, and utilizing email marketing campaigns.
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21 February 2024 | 5 replies
Break out single family/condo; then 2 units then 3-4 units all have different rules. 1-2 units is far easier to get approved verses 3-4 which have extra conditions to ensure that the whole project cash flows with market rents minus the one owner occupied unit. 3-4 units you need much larger down payment - as in no 3.5% downSecond home programs are for one unit types: SFR/condo/townhouse.Owner occupied means you live there and your insurance policy matches.
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21 February 2024 | 7 replies
. $2,500-$2,700 in rent but have a $1,900 mortgage (including current property taxes) plus $100 for insurance, plus a 10% chance of no one renting and another 10% set aside for repairs.After all that I'm in a range of breaking even or making $200 a month with this as a rental.
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21 February 2024 | 1 reply
It's pointless→ I want to evaluate how the property is performing NOW→ Where it COULD BE performing→ And WHAT it will take to get there.This involves (at a minimum) checking comps, creating a 5 year proforma, verifying taxes & insurance, and making assumptions about the business plan.You can't determine if a deal is a pass/go simply from NOI / Cap Rate.The art of underwriting involves finding value where others miss.If you're passing on deals just from dividing the in-place NOI by a cap rate, send those over here!
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21 February 2024 | 0 replies
Adhering to standards facilitated new homeowners' acquisition of renovated homes, fostering the growth of family ownership in the neighborhood.
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21 February 2024 | 0 replies
Simultaneous to the self-showing options, digital contract signing options like DootLoop and DocuSign became standard and normal.
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21 February 2024 | 11 replies
Even where there’s a favorable fact pattern as you appear to have, unless there’s insurance involved it’s rarely worth the pursuit.
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20 February 2024 | 4 replies
Are there any standard practices for acknowledging their contribution in the transaction, or any recommended ways to structure this working relationship to ensure it's beneficial and compliant for all parties involved?
20 February 2024 | 2 replies
How do I calculate the monthly mortgage+ interest+ insurance+ tax that I should be able to comfortably able to take care.3.