23 April 2024 | 15 replies
Please ensure that the 3 day includes all parties on the original lease as well as "ALL UNKNOWN OCCUPANTS".
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20 April 2024 | 9 replies
I knew it was not a really great deal but for my first property my goal was to learn as much as i can and atleast break even. my question is now that i know that MLS deals are hard to find and the ones you find are taken on the spot by bigger fish, where do you source your deals?
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21 April 2024 | 8 replies
However, you can use a cost segregation study to break the property into different class lives and claim more depreciation up front.
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21 April 2024 | 1 reply
I'm selling my apartment furniture in Tucson, AZ from my airbnb for a 2 bedroom / 2 bath, this includes a full living room, bar stools for the kitchen, a fully stocked kitchen, and laundry room.
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22 April 2024 | 5 replies
Its a Colorado-specific situation, I guess I should have been more specific:Portable tenant screening reports (PTSR) pursuant to HB23-1099 § 38-12-902(2.5).(2.5) "PORTABLE TENANT SCREENING REPORT" OR "SCREENINGREPORT" MEANS A CONSUMER REPORT PREPARED AT THE REQUEST ANDEXPENSE OF A PROSPECTIVE TENANT BY A CONSUMER REPORTING AGENCY,WHICH REPORT INCLUDES THE FOLLOWING INFORMATION ABOUT APROSPECTIVE TENANT AND THE DATE THROUGH WHICH THE INFORMATIONCONTAINED IN THE REPORT IS CURRENT:(a) NAME;(b) CONTACT INFORMATION;(c) VERIFICATION OF EMPLOYMENT AND INCOME;(d) LAST-KNOWN ADDRESS;(e) FOR EACH JURISDICTION INDICATED IN THE CONSUMER REPORT.....Link to the full Bill
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22 April 2024 | 9 replies
I can see that Lizz has included a leasing fee in the property analysis docs she provided, which I assume reflects the lease only service you mention.
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22 April 2024 | 12 replies
This criteria is for 1-4 and 5-8 unit programs.I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
21 April 2024 | 5 replies
Make sure you include the cost of the new roof.....
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20 April 2024 | 1 reply
or what happens if he decides to break into the property again would i have to go trough the whole eviction process over again?
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22 April 2024 | 6 replies
I always wondered how taking an overall average of RE appreciation and comparing it to anything is a true measure of investment when including good markets with those that are collapsing.