Tommy Revithas
Getting Started & Looking To Connect!
22 September 2021 | 14 replies
There are great resources on BP and individuals here that remember sticking their toe in the water for the first time.
Matt Wells
Can I be added to an existing conventional mortgage on a home?
11 September 2021 | 11 replies
Unless the note is ancient the answer is no.
Peter Morgan
Do sellers have a say when selling or its realtor driven?
9 September 2021 | 8 replies
Oh, BTW you mentioned a past water leak under that cabinet.
Jonard Lopez
Maximum unrelated tennants
9 September 2021 | 5 replies
My parents' NEIGHBORHOOD is 2, because the grad students were trashing the yards because they didn't water or mow regularly, and the neighborhood also needed to throw out a frat that was misbehaving.
James Ross
How do you analyze CapEx costs in a new area?
9 September 2021 | 2 replies
My thought is to put together a database of big ticket items (roof, siding, water heater, appliances, etc) that I will update with prices every year or so.
Ray Slack
Do electric PPL bills attach to a house after and Upset Tax sale?
11 September 2021 | 3 replies
Check the water and sewer accounts though- those are leinable in most parts of PA.
Kristopher Kelly
Home warranty...any recommendations?
9 September 2021 | 3 replies
I have a condo that is about 15 years old and along with that are the water heater and A/C unit.
Collin Hays
Guest calls to remember from summer 2021
10 September 2021 | 15 replies
Maybe a leaking sink or someone that didn't understand a kitchen faucet enough to get hot water out of it.Had someone lose a kayak, but I knew what part of the lake to go find it.
Genny Li
I just had a tenant ask about changing a burnt-out light bulb...
16 September 2021 | 55 replies
My tenants talk goes like this Me: The property won’t be ready for a few weeks because we need to connect the water line from the well to the house Tenent: What if I do it?
Dustin Lee Cotliar
Newbie's first deal -- advice wanted on how to finance
11 September 2021 | 3 replies
- airDNA forecast increasing, >$550/night by 2021)Short term Rental Fees:-Property Mgmt (20% of revenue)= $1900.00 -Local tax (13% of revenue) = $1235.00General fees:-Mortgage Principal+Int: $1578-Insurance(monthly): $160-Property tax(monthly): $317-PMI: $200 -HOA: $0-Maintenance: $500/month -Utilities/electric: $250-Utilities/grass: $150-Utilities/water: $100 -Utilities/Internet: $70 -Cap Ex (saving 5% of revenue): $475-Vacancy (Saving 5% of revenue): $475——————Total: $7410$9500-7410$ = $2090 cash flow/month on average ——More traditional rental, eg month-to-month: 4 months per yearRental IncomeUnit 1-(3 bd/1ba): $2500/mo Unit 2- (1 bd/1ba): $1100/moUnit 3- (1bd/1ba): $1000/moTotal: $4600/monthGeneral fees:-Mortgage Principal: $1578-Insurance(monthly): $160-Property Mgmt (10% of revenue)= $460-Property tax(monthly): $317-PMI: $200 -HOA: $0-Maintenance: $500/month -Cap Ex (saving 2.5% of revenue): $ 122.5-Vacancy (Saving 2.5% of revenue): $ 122.5Total: $3460/month$4600-3460= $1140/month in cashflow on average