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27 September 2018 | 5 replies
Banks have "Loan Loss Reserves" set aside to cover the difference.
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6 October 2018 | 4 replies
Our E&O insurance is covered by a transaction fee we pay which is reasonable.
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28 September 2018 | 6 replies
Here's a blog article that covers many of those sites that may be helpful to you: How to Determine Fair Market Rent.
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6 October 2018 | 6 replies
They currently want to refi and pay off original investor that got them through the purchase and rehab.In walks my money SDIRA (not a ROTH so all tax deferred) to refi and also partner on holding the investment for rental income.Anything can happen even though it’s rehabbed with a home warranty - all expenses are 100% on the investor side (my IRA) which means if additional money is needed that the rent does not cover, my IRA will have to pay the expense.
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27 September 2018 | 5 replies
If you are putting a tenant in there are selling it to someone else, the you need to be able to cover the payments if the tenant doesn't pay for a while.
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30 September 2018 | 10 replies
I just had a wonderful experience with an agent named Dave Marshall who covers Southern Maine.
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28 September 2018 | 6 replies
The HOA is 127.50 a month (lower than most HOA's in this area) and it covers Exterior Mnt of Unit; Roof Repair; Roof Replacement; Blanket Ins Policy; Garbage Collection; Common Area Maint; Street Maint.
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27 September 2018 | 0 replies
It's really old and was not put in by the current owners so I don't believe its an intentional cover up.The inspector says the foundation doesn't make him nervous, but of course that's one person's opinion and people do miss things.Considering having a structural engineer take a look as ripping out the floors in the basement is out of the question.Any thoughts or suggestions?
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28 September 2018 | 4 replies
Hi Everybody!My tenant asked to be let off of his lease 2 months early and I decided that I want to sell the property so I offered them the deal that if they paid 1 of those 2 months (~$1700) and allowed us to start m...
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2 October 2018 | 44 replies
BUT the buyer came in with a $63K down payment, so I also knew that that amount would more than cover the difference.