23 April 2024 | 2 replies
I have assumed their leases and added an addendum that includes a few items (no auto renewal, new payment address, etc… ) which I am planning on asking them to sign.I sent non-renewal letters about a week after closing (early April), which gives them way beyond the 30 days' notice.

23 April 2024 | 2 replies
Expenses like this include things like property taxes, insurance, maintenance, administrative and office costs, payroll, marketing expenses, and property management fees.
24 April 2024 | 7 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

23 April 2024 | 14 replies
Looking into a lot that my wife and I love, but comes with some deed restrcitions written in 1985 that include:- liveable area cannot be smaller than 1500sq ft (we want something like 1300)- no poultry whatsoever - only one property can be built, 2 family max. this is 5+ acres, we want the flexibility to build 2 houses on it!

23 April 2024 | 5 replies
Contact the hotel directly to inquire about adjusting the reservation to include an additional guest.

24 April 2024 | 16 replies
Almost everyone here on BP will tell you that they wish they had started earlier, myself included.4.

23 April 2024 | 1 reply
Specifically, I'm in need of referrals for contractors experienced in handling the unique challenges of renovating low-income rental properties, including single-family homes and small apartment buildings.

23 April 2024 | 8 replies
When done well it simply helps remove or reduce obstacles that could make it harder than it needs to be to win.

23 April 2024 | 0 replies
Therefore, it's vital to calculate these costs before purchasing the property.Seeking the help of a 🏗️construction professional is recommended to create a comprehensive budget that includes hard costs (materials, labor), soft costs (architectural and engineering fees), and contingencies for unexpected expenses.

24 April 2024 | 13 replies
Almost everyone here on BP will tell you that they wish they had started earlier, myself included.4.