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30 April 2018 | 2 replies
Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.
2 May 2018 | 16 replies
Again, this is assuming we are talking about a mtg in place Before you bought, and the Same mtg is still in effect.
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30 April 2018 | 3 replies
I'll weigh in with my non-legal advice and say that you'll need to dig into your HOA bylaws to determine how formal HOA violations are addressed and, specifically, how they are to be appealed.
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21 May 2018 | 12 replies
Luckily you have some options however I want to address the insurance angle.
1 May 2018 | 9 replies
So I found a potential short sale and gave him the address, turns out it was listed and the owner didn't know and I didn't check because I thought he would know.
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1 May 2018 | 1 reply
hello Team,I recently evicted my tenant from my apartment and i was also rewarded the 4,400$ back rent the tenant owned me, now the tenant have moved to a new address that i do not know, which make it hard to take her to court to collect the money owned, i live in Worcester,Ma I have a feeling that she still live in Worcester, the question is, what are my options at this point to collect the money?
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1 May 2018 | 3 replies
Am I missing out on serious compound interest effects that will hurt me down the line, or is it smart to make sure I have the necessary cash if house hacking is the ultimate short term goal?
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5 September 2019 | 2 replies
Yes I did go with CSE very cost effective.
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17 October 2018 | 37 replies
this means, 2 mcdonald workers living together in yucca valley could easily pay $1200/mo for a quality rental.my homes have all increased 10-20% a year for 3 yrs straight - as the few quality inexpensive rentable homes that come up are fought over by investors, new home buyers, airbnb.a sewer assessment going into effect will add 100-150 to the monthly tax burden (along with a few other assessments in the works - school,fire) Bob Armstrong (a realtor in the area) creates a nice email newsletter each month with data/commentary.
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4 May 2018 | 6 replies
The formula(s) would look like:Potential Gross Income (PGI) = full rents + any other income at 100% occupancyminus Vacancy & Collection Losses (8-10%) is typically usedequals your Effective Gross Income (EGI)Then you subtract your operating expenses (taxes, insurance, management & legal fees, repairs, utilities, lawn service, pest control, etc., and a reserve for capex) to get your Net Operating Income (NOI)From your calculated NOI, you can really start digging deep:Subtract your debt service from your NOI to get your cash flowDivide your NOI by the acquisition cost to get your cap rateTake your NOI, add the reserve for capex back in, then subtract your mortgage interest, to get your taxable incomeDivide your NOI by your debt service to get your debt coverage ratio (tells you how many times will your NOI will cover your debt/mortgage payment).