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4 September 2020 | 1 reply
You can see some of the things realtors see, but it is designed for buyers to get MLS drips and basic information about properties such as DOM, HOA, year built, size specs, and so on.If you're just analyzing deals, this should be sufficient to get started.
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26 September 2020 | 1 reply
Secondly, I'd find out the specifics on the property you're working with such as if there's an HOA fee.
7 September 2020 | 3 replies
Also take note of the HOA fee history.
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4 September 2020 | 0 replies
I am denied of financing on my primary home on the basis of debt to income ration with the strange rule that they are calculating the rental house expenses (Principle/interest/Taxes/HOA/Insurance) 100% for me but the rental income is considered only 50% as I have a partner.
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5 September 2020 | 6 replies
Did leave out the HOA which is $45/mo.
9 September 2020 | 3 replies
Purchased property in 2018 Q2, $50k downpayment; $200k loan; price was $249kRight now I have 30 years fixed, 4.375% ARP ; $1533 / month as payment (p&i + tax incl) ; 225 HOA / mOption 1: 30 years, 2.8% ARP; $1340 / month (p&i + tax incl) as estimated payment Option 2: 30 years, $30k down, 2.8% ARP; $1240 / month (p&i + tax incl) as estimated payment Option 3: 15 years ; 2.5% ; $1840 / month (p&i + tax incl) as estimated paymentOption 4: 15 years ; $30k down ; $1600 / month (p&i + tax incl) estimated paymentUnit is being rented as of now for $1650 / m until 2021 July.I am not sure I can rent it out for more than $1700 / month.
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10 September 2020 | 10 replies
There is an HOA that she has mentioned "is mad at her" for the condition of the outside.
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21 September 2020 | 8 replies
Condo = Lack of Control In Your InvestmentA few easy examples: - HOA decides to have a special assessment and wipes out your cash flow for the year - HOA does not allow renters - HOA gets embroiled in a lawsuit and lenders stop lending for anything in that HOA
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24 August 2020 | 25 replies
However, after reading about rental properties and the low interest rates I decided to refi to a 30-year @ 2.875% last month.CASH FLOW/CoCROI: I ran the numbers and including all fixed costs (mortgage, taxes, HOA, etc) and variable costs (repairs, capex and vacancy) I am break even (math below).
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25 August 2020 | 4 replies
They are fully paid off with rents coming in total of $7950/month with cost of HOA fees and insurance with minimal repairs costs.