24 June 2024 | 3 replies
The 50% rule states that approximately 50% of EGI will typically be consumed by operating expenses.While the 50% rule provides a quick estimate, actual expenses can vary widely depending on the property type, location, age, condition, tenant mix, and market conditions.Here's an example: if a property generates $200,000 in EGI per year, the 50% rule suggests $100,000 would go towards operating expenses like taxes, insurance, utilities, and property management.
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26 June 2024 | 33 replies
We offer a service to find owners or apartments willing to do arbitrage in our area.
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25 June 2024 | 8 replies
Hey Stacy,In the scenario where Cousin B buys 50% of Cousin A's primary residence as tenants in common, rental income and expenses typically follow each owner's ownership percentage.
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25 June 2024 | 2 replies
Offered $7k under asking and got it under contract.
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24 June 2024 | 2 replies
With the typical proviso of checking your local laws for compliance, I would terminate their lease.
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25 June 2024 | 1 reply
Currently working on analyzing leads accurately relative to rental income and interior of property when determining offer price.
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24 June 2024 | 13 replies
.- The lender: when applying for a primary residence mortgage loan, you are typically required to intend to live in the property as your primary residence for at least 12 months.
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25 June 2024 | 6 replies
This one just told me it can't be done and didn't offer any alternatives.
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24 June 2024 | 7 replies
Does calculating the amount of security deposit withholding typically get calculated by depreciation?
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26 June 2024 | 8 replies
You then have to stack your financing costs on top of that, as well as reserves for Maintenance and Capex.You could always start off offering the other side of your house as a STR and see how it goes.