
15 March 2020 | 13 replies
I have arrived at a rough estimate of 2010's cash flow by using 2010's rent and subtracting PM fees @ 10%, Vacancy (using 2018 rates with a floor of 4%), and Taxes+Insurance+CapEx reduced by 15% (to account for inflation).
7 April 2020 | 1 reply
But I also don't forget about diversification because every investment is risky so to reduce these risks I created my property portfolio.

11 March 2020 | 12 replies
He could reduce the rent by the late fee amount and evict on non payment.If possible he should try to get any evidence that the tenant moved out, has a different address etc.

10 March 2020 | 1 reply
You'll also want to proactively communicate with the tenants and let them know that their lease is in no way changed by the sale.

9 March 2020 | 3 replies
Cable, phone, Amazon, etc just auto renew - perhaps reducing churn.Thoughts?

9 March 2020 | 5 replies
The result was either dramatically reduced or eliminated EMFs, and improvement in patient conditions.
12 March 2020 | 6 replies
Values have risen much more than that so the owner pays an artificially reduced amount.

10 March 2020 | 7 replies
Spent two months with Big Bank to get a lamo offer and now going to have to take it so I can reduce my debt to income to get financing on another property.

10 March 2020 | 2 replies
Is it worth the $9,000 in refi costs (these would be rolled up into the new loan, thereby reducing my equity).

11 March 2020 | 3 replies
Some "cons" of the 203k are:MI (mortgage insurance) for the life of the loanUpfront MIP (mortgage insurance premium) can reduce the effect of the 3.5% down paymentCan take 15-30 days extra to closeNot all industry partners (Lender, Realtor, 203k Consultant, and Contractor) are as knowledgeable/experience as neededSlightly higher interest rate compared to FHA 203(b), which is the normal FHA loanCannot repair/add luxury itemsSome areas can have lower max loan limits that what is needed to do a 203kExcept for qualified non profit groups, required to be owner occupied for min 1 year There are many pros to the 203k, but above are just some of the "cons."