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6 September 2024 | 3 replies
Loan Balance $295,000Loan Maturity Date 11/1/2051Property Specifications:SFHBedrooms 4Bathrooms 3Square Feet 2316Year Built 2021Garage Size 2Schools Rating (scale 3-30, 30 is best) 18Lot size (sq ft) 7,631.0Purchase price: $330,000Market Value: $350,000Estimated Financial AssumptionsMonthlyYearlyRent (upper)*$2,350$28,200Rent (lower)*$2,250$27,000Property Taxes$425$5,100Insurance$200$2,400Repairs$65$780Property Management Monthly (%)0.00%Property Management Monthly ($)$75$900Leasing Fee$95.80$1,150HOA$146$1,752Vacancy Rate4.00%Total Fixed Expenses$1,096$13,150Total Expenses (Fixed + Mortgage)$2,620$31,437
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9 September 2024 | 5 replies
We quickly put the house under contract and started looking for buyers.
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6 September 2024 | 6 replies
In the past when buying a house, we had a seller say "on second thought, a lot of other offers are coming to the table, we will need to raise the purchase price $X to continue" which would also put us in a bad position if our 45 days is over.
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7 September 2024 | 15 replies
Just like it would be difficult to find a local team member at an average labor price to be a web designer/coder, social media manager, and researcher, it's also difficult to find a VA who can do it all at a quality level.
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5 September 2024 | 35 replies
Even with management software, you still have to run a business and be as good as or better than your competitors.
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9 September 2024 | 19 replies
You bought a house for $100,000.
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9 September 2024 | 6 replies
AshleyNormal, however you have wide latitude in the actual agreement you agree to sign, how long, how much commission, that’s not to see individual agents have to agree to your terms, but if you feel uncomfortable with the terms you are free to negotiate or shop around, however an agent cannot legally show you a house without an signed agreement of some sort.
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6 September 2024 | 7 replies
I manage a couple of rentals on the side (one long term and one STR).
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7 September 2024 | 4 replies
I have managed to get a couple properties under contract, most of them fell through due to a lack of investor interest.
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4 September 2024 | 7 replies
Ask targeted questions about their experience, project management processes, and critical team members.