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13 November 2024 | 8 replies
I’d rather terminate due to foundation issues and high possibility I’d have to replace the HVAC in my first year of ownership.
14 November 2024 | 20 replies
In fact, they stated that the total amount “covers the charge of the replacement purchase and labor to install it under one price.”
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14 November 2024 | 6 replies
I had mold in some cabinets below my sink and it ended up being significantly cheaper to just replace all of the cabinets.
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17 November 2024 | 33 replies
things missing in your list (everyone manages differently, so take it with a grain of salt)Vacancy rateTurn overbad debt legal fees (evictions as needed)accounting fees for professional tax prepmaintenanceProperty TaxesSales Tax on PM fees (In NM, this is charged, not sure about where you are)Reserves for replacement CAPEX - furnace, water heaters, ac, roof, parking lot, etc.Admin, software, advertising, etc.Cost segregation study for accelerated depreciation captureAs for your loan.
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14 November 2024 | 0 replies
Replaced the carpet with hardwood floors & new trim, painted all the walls, and completely renovated the bathroom What was the outcome?
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12 November 2024 | 10 replies
@Albert Bui @Carlos Valencia There is no offset when you live in the 2-4 unit remember its a full HIt to your monthly PITIA and yes you can use the rental income but only as an addition to your qualifying income, you're still taking a FULL hit on the PITIA.Its only offset when you vacate or move out or it has already been converted to a rental (pure investment/non owner property).
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13 November 2024 | 2 replies
Here’s the context:I own a rural property with two rental units:A manufactured home from the 1980s in temporary status with the county (meaning it can’t be replaced), which currently rents for $1,350 per month.A one-bedroom permanent residence that rents for $1,300 per month.My monthly mortgage payment is approximately $1,200, and cash flow is crucial to me right now.
13 November 2024 | 8 replies
Generally, tenants don’t have the right to demand relocation for purely cosmetic improvements, nationally.
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13 November 2024 | 12 replies
From purely a lending perspective, the projections from AirDNA and Rabbu are the only commonly accepted sources for underwriting a short term rental purchase or refinance DSCR loan.
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17 November 2024 | 16 replies
BP has a good rental estimator that can replace the data from Rentomenter.So how did Macon turn out?