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26 February 2024 | 3 replies
They have a few options including paying off the plan early and completing the chapter 13 and then selling the property.
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26 February 2024 | 0 replies
This remodel included all new plumbing, a complete bathroom gut, all new flooring, exposing the brick fireplace, all new appliances, paint inside and out, etc.
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26 February 2024 | 2 replies
However, the specific details can depend on various factors, including the type of asset, how long it was held, and any applicable tax exemptions.
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27 February 2024 | 9 replies
Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.
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26 February 2024 | 3 replies
It's a split level that I bought in original condition, including a 1984 ancient-looking air conditioner and all the things that come with a house of this nature.The plan was to do a full cosmetic + replace HVAC and Roof + prune back 60ft tall pine trees AND turn it into a house hack bnb.What I've learned so far....- Trust but VERIFY everything on the buy side.
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26 February 2024 | 2 replies
A lot of the major components are brand new including roof, siding, furnaces, A/C, flooring.
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27 February 2024 | 13 replies
Understanding the nuances of the "A to B, B to C" close, the contracts including assignments, what types of financing one can get for each property, etc.
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26 February 2024 | 13 replies
I am also including the taxes and insurance while running the numbers.
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26 February 2024 | 13 replies
I am using a property manager and that costs 8% and I use 5% of rent as reapir reserve - this takes me deep in the red.
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26 February 2024 | 42 replies
I was several thousand dollars in the red by September.