But my experience is that a nice kitchen and bathroom will pay for themselves in increased rent over a fairly short period (as long as the neighborhood will support the rent)3) Basic vinyl, double pane, decent windows cost from 150-200 apiece as long as you can use standard sizes.

its a bad risk for the companies to write. there are ways around it though. a property is defined as vacant when there is absolutely nothing there and no one is returning.. if you keep some things there.. table chairs old couch and return once every 60 days its unoccupied and will be covered under a standard ho3

., and you found an apartment for $600k with 11,000 sq. ft of rentable space, that warrants further investigation, i.e. cap rate calculation, DSCR, & ROI just to name the major ones.Bottom line when looking at cap rates, here is a standard formula I use initially: Take current gross rents, less current vacancy, arrive at AGI (adjusted gross income.

Been here for quite sometime and am currently doing the standard 9-5 bit.

If it will take you two years to rehab and sell a house, you can't deduct what you spent on the renovation this year, even though you spent the money this year.

We get a loss mit fee from the seller via the shorting lender's side of the ledger.I generally send in offers at 7% as another poster on this thread mentioned as well, and will settle for 5%.That's incongruent with industry standard.

Okay for arguments sake we can say that 50% is HUGE. 35% off is considered to be a "Fire Sale" by lenders standards.

As Mike said, it does not matter if the tenants are section 8 or standard, you can have the good and bad in both.

In the mean time you've accumulated almost $40,000 in negative cash flow.Even banks will deduct 25% of the rent, then subtract out the PITI when qualifying you for a loan.

If it is the realtor make sure he/she is sending you the agent detail view and the the standard consumer view.