18 March 2024 | 4 replies
@Logan Guerrero one of the challenges with maintenance is owners not having funds.So, we've learned to prioritize maintenance issues:1) Health & safety issues2) City & S8 inspection issues3) Property preservation4) Direct marketing issues (purple walls)5) Miscellaneous
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16 March 2024 | 4 replies
If yes, do I need to reference that the Management LLC is signing on behalf of the Owner LLC or acting as agent for the Owner LLC in the signatures?
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18 March 2024 | 5 replies
The problem you are likely running into is the Log Cabin part of it - at the end of the day, DSCR Loans are really still intended for properties that are generally usable for full-time owner-occupancy year-round living if needed - so true log cabins are pretty much outside of anyone's box.However, its definitely a grey area on what differentiates a "Log Cabin" from a "Cabin-Style" home.
18 March 2024 | 29 replies
I think it's good for owner's to be a little bit hands on in the management until they build the right systems and process to be more passive, or better yet hire an internal manager yourself once your portfolio gets to the right size.
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18 March 2024 | 2 replies
May buy my own down the road if the system works.Also of note - owner has been paying the water bill, it's not sub-metered.
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19 March 2024 | 46 replies
Their business model is just like any insurance model.... take in the most $$ and pay out the least... its that simple.Keep reserves and find your owner repair companies to do business with...And it took 6 months and multiple companies and visits to even look at the filter?
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18 March 2024 | 3 replies
I want to purchase another property (preferably multi-family) and move into one of the units to take advantage of owner occupant financing and avoid the 20% down.
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18 March 2024 | 1 reply
Bought my first property in FL last year with my mother as a partner. 50/50 she is the occupant paying the mortgage, I am a non occupant primary owner.
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18 March 2024 | 5 replies
For instance, FHA loans frequently permit smaller down payments for multifamily buildings, increasing accessibility for owner-occupiers.Examine the Cape Girardeau, Missouri, local real estate market.
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18 March 2024 | 3 replies
These expenses may include property taxes, insurance, repairs, maintenance, utilities (if paid by the owner), property management fees, and vacancy allowance (an estimate of the lost rental income due to vacancies).Calculate Net Operating Income (NOI): Subtract the total operating expenses from the gross rental income.