Tomoko Hale
A possible first STR property?
28 January 2025 | 29 replies
. - WRT income, at a minimum it has to cover all of your costs plus some for unforeseeable expenses.
Bruce Woodruff
Thoughts on the California fire repercussions
22 January 2025 | 17 replies
If a person has RCV or ACV policy makes a huge difference, than question of what coverage level people had and if they had policy add-on's that cover cost over-runs and all that fun stuff, not to mention contents.
David Lewis
First Timer - Long Distance Investment?
29 January 2025 | 6 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
Franklin Perez
Primary Home to Rental
29 January 2025 | 1 reply
I was studying the market and my rent will be just enough to cover the mortgage and HOA fee now I might to pay out of pocket for insurance but don't want to sell it yet because the area is growing and might have good appreciation in the years that follow.
La'Terrius Campbell
Wholesaling Text Blasting
19 January 2025 | 10 replies
I hope you have a lot of cash available to cover the FTC fines.
Chuck Hatfield
ISO Emergency Micro Bridge Loan ASAP
29 January 2025 | 3 replies
and trailer stolen, workshop robbed 3 times, business bank account hacked and Not Insured (w a bank name like C#@$e), hip replacement, Botched oral surgery for sinus cyst 3 times, So Far, that caused an infection that kept me from working most of 2024 and just now recovering.SO Fire Sale February for me But I’m too broke to finish a punchlist to keep rental certificate open on top of living expenses and cover unexpected bills.Seeking micro bridge loan in the $5-10k range to be repaid at sale of house.I have another small single family paid off and rents for $950 as well.Any advice or suggestions for resources Greatly Appreciated
Corie Delong
Duplex - Family helping with down payment/ partners?
19 January 2025 | 1 reply
The mortgage would be $5,200 so I would cover the other $3,200.
Tricia O'Brien
What Questions to Ask/Things to Look for When Interviewing Property Managers?
20 January 2025 | 2 replies
We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
Peter W.
Wall Street Thinks U.S. Homes are Overpriced
16 January 2025 | 2 replies
They get a higher return since they are covering housing cost, have the $250k per spouse primary residence deduction in gains, is a savings account, higher leverage position, lower interest rate possible, will pay more premium for location, etc.House might be overpriced for REITs but not for home owners.
Diandre Pierce
DSCR lending expert
20 January 2025 | 23 replies
A DSCR loan could definitely work, especially if the park’s cash flow can cover the debt.