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12 March 2024 | 1 reply
Heavy HOA/assessment fees bring down estimated net collections around 20k per year after ALL fees/taxes/insurance/realtor/potential-repairs etc.
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13 March 2024 | 8 replies
Will the bar location actually be a full-service restaurant?
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12 March 2024 | 2 replies
try seattlelegalhelp or LT services.
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12 March 2024 | 4 replies
With that loan product, they will not be looking at your DTI or work experience and will qualify the property based on the DSCR (Debt Service Coverage Ratio), which is a measure of the property's cash flow.
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12 March 2024 | 24 replies
Lenders will look at metrics for the property itself including the purchase price, repairs needed, and ARV as well as borrower experience and financial standing.
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12 March 2024 | 6 replies
For this service were we saved his financial butt I charged 3X of what he would have paid with Kiavi or Lima one etc.. but those guys cant move like we move.. so it all worked out And thats pretty much the niche i have carved out..
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12 March 2024 | 11 replies
Reach out if out if still need this service.
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12 March 2024 | 4 replies
Factor in ALL expenses like property taxes, insurance, repairs, maintenance, vacancy rates, and potential property management fees.2.
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12 March 2024 | 5 replies
.- Single family and multi-family properties means that the investor takes a significant (or all of the) exposure on the property in the event of damages and repairs while with a condo such costs are shared.- Condos are typically closer to very busy areas like city centers (while single family and multi-family are further away / in suburbs) which, in the case of a buy-hold-rent strategy, means that the investor will have more traffic / demand.- Smaller properties are usually easier to off-load (more liquid) because our society is seeing very high levels of migration (people travelling or moving for work constantly) / people less inclined to partner / have families / people more focused on work / and pied-a-terre concept.- Condos are much easier to maintain internally than larger homes.- Condos are easier to manage as Air B&B than larger homes.- In the case of multi-family properties, sharing a home with two or three other families where everyone knows everyone can create issues if they don't get along as the close proximity doesn't allow for any privacy.Happy to connect with you and speak in more detail if you are interested in Massachusetts!
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12 March 2024 | 168 replies
Just going to wait another month to save up another $2,000 that I can use towards repairs on the 5th house.