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Results (10,000+)
Amber Gonion St. Paul follows Minneapolis lead in limiting landlord rights
18 June 2020 | 11 replies
., or if the action occurred during the three years immediately preceding submission of the application but did not result in a judgment entered against the applicant. b. c.d.Insufficient rental history, unless the applicant in bad faith withholds rental history information that might otherwise form a basis for denial.If a landlord uses a minimum income test requiring an income equal to two and half (2.5) times the rent or higher, the landlord must allow an exception to that test where the applicant can demonstrate a history of successful rent payment with an income less than two and a half (2.5) times the rentthe same or lower ratio of income to rent.Exception.
Liran Afergan Robogateway OR CI PiN V4 ??
16 June 2020 | 1 reply
I've been testing most of the tools including CI's PIN v4. 
Joseph Christopher Short & Long Term Effects on Minneapolis R/E In Recent Events
30 June 2020 | 10 replies
This is a good test for the Minneapolis, and in the short term, the values may dip.
Dusty Sylvanson Build to hold SFH rental
15 June 2020 | 0 replies
I have tested lots of scenarios with calculators and understand where it thrives and where it sinks.I am in a small mountain college town (one block from University and 2 blocks from hospital).
Ryan Komagome Prop Mgr Charges % of maintenance
27 June 2020 | 14 replies
Maybe you can get away with fixtures and other stuff easy enough to test but be careful.  
Richard Arden Multi Family Mail Marketing
19 June 2020 | 1 reply
But that is just me...I would test test and test.
Rax Gupta What % of cashflow is considered good for a rental property
22 June 2020 | 42 replies
The rental income should be near 1% of the purchase price, but ideally higher (1% rule/test or 2% rule/test).When talking about cash-flow you're always talking about NOI (Net operating income, which is income - expenses) minus debt service (loan/mortgage payment).When talking about cash-flow as a % we're usually referring to the CoCROI (Cash on cash return on investment) as a ratio of the cash-flow to the money invested, which should ideally beat passive investments otherwise available to you, in order to make sense as a worthwhile active investment.
Matthew Cassidy Best Financing Option for first 4 family Property-House Hack
17 June 2020 | 4 replies
That reserve can grow to 15% or 20% if one of the utilities is not turned on and/or structural work is being done; you can finance up to 6 months of house payment into the loan as well if you wish given it may be months before renters can move in and you can move in so the 6 months of financed payments is a nice option; you will need at least a 680 middle credit score these days; a 3 or 4 unit will need to meet what's called the Self Suffiency Test- that is total of all projected future rents taken at 75% of gross must at least equal the total house payment, you can include the unit you will occupy to meet this test though.Example: Buy at 100,00 and add in 100,000 for rehab + 10% Reserve of 10,000 = 210,000 then 3.50% down payment is 7350.00 with mortgage of 202,650.
Dale Miller When comparing loan estimates.........
21 June 2020 | 3 replies
Around me, its can get expensive when you don't have public utilities because there are inspections / tests for the well water, septic, underground storage tank, in addition to the home inspection w/ radon testing.Bottom line:  you want to see what is the cost of the loan and what sort of interest rate will they give you. 
Wyatt Dixon First wholesale deal
18 June 2020 | 3 replies
My test is would I be comfortable giving it to a close friend or relative, if not then it’s not a good deal.