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20 February 2025 | 10 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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5 February 2025 | 6 replies
Would the value of the remodel increase the rents or the selling price that would out weight the cost?
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5 February 2025 | 0 replies
This allowed our partner, Jamari Sprueil, to move forward without any upfront costs.
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28 January 2025 | 11 replies
Trying to get a # from him about estimated remaining cost but got nothing.
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28 January 2025 | 1 reply
The cleaning costs alone were over $9k.
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29 January 2025 | 2 replies
If you no longer have business operations in the old state, forming a new LLC in the new state and dissolving the old one may simplify compliance and tax obligations.Some states impose franchise taxes and annual fees that could make one option more cost-effective than the other.
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3 February 2025 | 3 replies
The process from start to finish would take four months and cost ~200k to build, with comps in the area around 355k-lender man said, refinancing would take six months as most lenders wont refinance a property unless its been built for six months, affecting the strategy to get paid out from refinancing quicker and closing out on construction loan-The property would not appraise at comps value, but at the cost it took to build, affecting getting paid out from the refinance.
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4 February 2025 | 2 replies
"the typical home warranty costs $450 annually, and only 25% of premiums are paid to homeowners.
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4 February 2025 | 10 replies
The cost is the same for a roof on a house that rents for $800 per month is the same as on that rents for $1800.
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7 February 2025 | 6 replies
We cap the rate for utilities and actually added about 10% above our normal average this past year due to rising utility costs in our area for gas and propane.