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4 December 2024 | 4 replies
Would love to hear how much these inspections are costing and who people are using.
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6 December 2024 | 3 replies
I recommend at least 10%, and obviously, something closer to 20% is a lot better.Is the borrower going to live in the home, or is this an investment property?
7 December 2024 | 35 replies
Interest rates are in the 6's right now so that heavily affects any new calculations for DSCR than when you bought the property.A hope would be that as your loan comes do and gets closer hopefully interest rates fall some making potential extra payment less required from lender.
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7 December 2024 | 7 replies
You can try to make it part of the inspection amendment, that's the last time you have some negotiation power.
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5 December 2024 | 17 replies
Had our son a few weeks later in July, and did all of the inspections and loan over the next month, and ended up closing in September.
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6 December 2024 | 27 replies
Since Section 8 properties often need some work to pass inspection, you may need around $10k or more for potential upgrades or repairs.
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5 December 2024 | 0 replies
Hi BP, i’m curious if anyone has moved an electrical meter without upgrading service. i recently upgraded a meter and was forced to move it to a new location however now i can’t pass inspection because the service enters the building before the meter (only good route to get to new meter was indoors) i really want to avoid a new electrical drophas anyone found a way to enter the building before metering?
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2 December 2024 | 2 replies
I'm new here but am getting closer and closer to investing in my first STR.
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3 December 2024 | 1 reply
Hi,I have a new property coming available, and a neighbor's retired parents are looking to move closer into the same neighborhood where my property is located.
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4 December 2024 | 2 replies
When my places with section 8 tenants are inspected yearly the inspectors just want to be sure that the paint isn’t flaking and thereby causing a situation that a small child may ingest the paint chips.