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10 January 2019 | 14 replies
Your agent can advise you of specifics on their particular restrictions but some of the common breeds are:DobermanRottweilerPitbullStafforshire TerrierAmerican BulldogAkitaChowWolf Hybrid (should be a "duh" here ... but you'd be surprised)German ShepherdThis isn't a comprehensive list but one to at least get you started :)
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15 December 2018 | 56 replies
Here are the details:Duplex, $155k25% down, $38,5705.125% interest, 30 yearsP&I = $632.97Closing costs about $3000, not sure yet exactlyEach side rents $750/moCalculations:$18,000 Gross Income-$900 Vacancy 5%$17,100 GOI-$4,450 Operating ExpensesM&R 1000/yearInsurance $550/yearTaxes $2000/yearWater $900/year$12,650 NOI-$7,596 Debt Service$5,054 Annual Cash Flow$210/door/month8.16% Cap Rate12.11% COC1.67 Debt Coverage Ratio
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14 December 2018 | 8 replies
To me this is not a big concern because it is my plan to repipe after closing, then I will be able to show proof of the repipe and get the exclusion lifted.However, not being able to get insurance with FULL coverage due to the piping, I believe it would be a red flag for the lender and may be reason for a denial.
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1 January 2019 | 23 replies
As the others have said, I would definitely do a social media check on Facebook and Instagram on top of pulling a comprehensive screening report.
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18 December 2018 | 5 replies
Lets say they loose their belongings (furniture, clothing, electronics, kitchen wares, etc.) there would be coverage for them to be made whole.Good job requiring your tenants to have renter's insurance - it's as beneficial to them as it is to you as the investor!
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30 April 2019 | 234 replies
Posting could have negative impacts on your other ventures from something, such as negative press coverage, so now the risk calculus says that the probability weighted impacts from the bad outcome far outstrip the positives of getting the unit a month sooner; now it is in your best interest to NOT evict as soon as you can.
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16 December 2018 | 23 replies
I would have no knowledge about whether my neighbor was current or not with the renters insurance.The primary purpose of renters insurance is to provide liability coverage when something goes wrong (my coverage includes personal property, personal liability, medical payments, loss of use, and hurricanes).
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29 December 2018 | 10 replies
@Rik Shaw what were you questions or concerns regarding the coverage for rain?
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17 January 2019 | 10 replies
That is, I strongly suggest you stay off the Internet when looking for private/hard money and avoid all the solicitations you might receive here.Further, adding that between sales fees, borrowing costs, taxes, and insurance, (and this list is nowhere near comprehensive), there is no way you will get away with $5k in "other expenses" for this property.
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20 March 2019 | 7 replies
The expenses that I will pay for are general liability coverage for the park $1025 yr, coverage for the mobile home $55 mo x 9, $900 yr coverage for the house, and property tax of $2435.