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21 June 2024 | 5 replies
But lots of expensive moving parts with very little statutory guidance.
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21 June 2024 | 3 replies
If it's a non recourse DSCR to they pull your credit, and what is that requirement?
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19 June 2024 | 3 replies
Historically, members had to file, manage, record, and report each LLC separately which meant more paperwork, more cataloging, more expense, and more reporting.
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21 June 2024 | 21 replies
Limited maintenance is required, which I ensure with local handymen or contractors.
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21 June 2024 | 4 replies
Your offer to purchase should include a requirement that the Seller provide all documentation and agree to sign an estoppel certificate (also called an estoppel form or agreement).
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21 June 2024 | 4 replies
Could you instead do ones that require a card or app to do laundry?
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20 June 2024 | 16 replies
If so, check your lease requirements.
21 June 2024 | 14 replies
But most investors are looking to rent out the property to cover at least these expenses and cash flow on top of this.
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19 June 2024 | 7 replies
We've been paying our cleaners time & a half to work on major holidays so I'm looking to find a solution that is less expensive and more accommodating to our team.Does anyone have a scalable solution to prevent guests from checking in & out on holidays?
19 June 2024 | 4 replies
You posted the raw data, just go one layer deeper to get to % returns to confirm your purchase price in relation to your expected return/profit/cashflow:$5,500 + $3,000 = $8,500/mo or $102k/yr GOI (gross annual rent collected)Knock off 25% for expenses and you are at $71k/yr or $5.9k/mo NOI on this $1.05M investment or holding this at a 6.8% cap rateWith your 7%, 75% LTV loan, you'd be paying $5k/mo for the loan, leaving you with $900/mo or $10.8k/yr in Cashflow.Now to determine your CoC return (Cash-on-Cash), take the $10.8k in CF and divide it by your equity-in, likely ~$300k, so 3.6% return on your cash/equity in this deal.