
10 July 2024 | 50 replies
Some state attorney generals may even pursue suits against you for "unfair business practices violations."

11 July 2024 | 3 replies
Am I reading this correctly that I can not charge late fees that total more than 10% of the monthly rent even if I have a different amount in my lease and only own 3 rental properties in Virginia?

11 July 2024 | 7 replies
I’d even take advice on people who have experience and can provide information based on their mistake buying multi family apartments.

11 July 2024 | 24 replies
Even if not required, I suggest getting rental loss coverage on your deals. 6 months is suggested.

10 July 2024 | 0 replies
, or frankly just well-intentioned government regulators looking to stay active in their bureaucracy (I have personally seen this) get involved, then that same interpretive leeway gives the regulator even more power at the expense of the public interest.

11 July 2024 | 11 replies
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 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

11 July 2024 | 7 replies
Even if the title was clear, and the original owner made some contractual mistake getting under contract with this creepy wholesaler I still would have passed.

10 July 2024 | 6 replies
Whether it be from flips, wholesaling, or even a W2 job.

10 July 2024 | 11 replies
Let's not go into how gross the hot tub was for just a few days (but we all know that's par for the course with a large group of adults & kids) and yes, I factor the extra for drain & fill although in this case, it needed even more cleaning.What I'm struggling with is what is the most professional way to reach out to the guest and to write my review?

11 July 2024 | 9 replies
I'm done with "businesses" mate lolLooking to cut back even more on what I already have lolI started enough businesses for 3 lifetimes hehe