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30 March 2024 | 8 replies
DSCR requires "No employment" or job seasoning and is 15% for single family and 20% for 2-4 units.
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30 March 2024 | 10 replies
I've allowed wall mounts in my units.
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30 March 2024 | 12 replies
Always check your state laws and lease for scenarios: if unit becomes uninhabitable.Option 1: Renter's should have rental insurance which would cover this.Option 2: Have them pay the contracted amount and provide a receipt for hotel, however I would also review local per diem rates and provide guidance on their budget.Hoping for a smooth project for you.
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29 March 2024 | 6 replies
However, we now believe that exploring less competitive markets could potentially offer greater value for our investment.Would appreciate any mentorship or recommendations on websites to identify areas with the highest returns nationwide for multi-unit properties.
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27 March 2024 | 0 replies
Purchase price: $175,000 Cash invested: $43,383 This is the second of two units I closed on recently.
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29 March 2024 | 31 replies
The one tenant is paying about $300 less than they should be for that unit (I will get that up to market).
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27 March 2024 | 0 replies
Next development phase is development of three units (two townhomes plus ADU).
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30 March 2024 | 16 replies
The most dangerous kind of aluminum wire was mostly only used for residential wiring from ~’65-‘73 when copper was prohibitively expensive (Al alloys that are less dangerous were used with less frequency post-‘73, and Al is still a common material for transmission and distribution lines, and even some residential use like AC units or single branch circuits, but not very common in residential wiring).
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29 March 2024 | 4 replies
We live in Unit 1 and Unit 2 is rented out.
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29 March 2024 | 2 replies
I replaced the outside AC unit when first buying the house.