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19 July 2019 | 4 replies
I’m a wholesaler In Texas that Is wanting to expand services to out of state wholesale transactions.
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25 July 2018 | 8 replies
It makes me nervous with some of these services that rely on the tenant to input the data (which you do not have an opportunity to verify).
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26 July 2018 | 72 replies
My recomendation is get a full service PM, if you are making this decision, Im not sure what you are paying a PM for, you should be able to find a decent PM in that market for 7-9% and never have to review an application, to me if you are doing the screening, what are you paying for?
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25 July 2018 | 2 replies
Plus, join one of the weekly webinars hosted by Brandon Turner (under Education on the top tab).
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21 August 2018 | 8 replies
Do not include the debt service (your mortgage paymet) in this calculation.
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29 July 2018 | 6 replies
I am hoping to find a mentor who Is knowledgeable In rental properties and I will do all I can to provide any service necessary to learn and grow.
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28 July 2018 | 3 replies
You may not personally benefit such as by drawing income from the rental personally, nor may you inject value into the IRA through the provision of goods or services such as performing work on the property.Basically, you get to be a fund manager and deploy your retirement savings into an asset class you know and understand with these vehicles.
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28 July 2018 | 2 replies
As I near my close of service date, I have been preparing as much as I can through books, the bigger pockets website, webinars and real estate podcasts to take on my real estate ambitions the minute I land in the States.
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10 September 2018 | 12 replies
So the numbers (so far) are:Purchase price: 62kARV: 105,000Buying costs: 961.00Rehab: 7-15kUnsure of what the holding costs will be until its rented but I'm estimating 4 months.Utilities: 650Taxes: 300Insurance: 500Interest: 2400So I'll be in it for about 70% ARV.Projected rent: 12000Costs: prop mgt: 1080Maint: 600Capex: 360Utilities: 0 (tenant pays)Vacancy: 1200Tax: 800 (this will go up in october but maybe only 300)Insurance: still getting numbers but no more than 1200NOI: 6760Debt service will be accounted for after rehab and when I find a good refi option, but I figure I'll pay about 5.5pct and have lending costs (unsure of what those will be) associated with it.
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2 August 2018 | 2 replies
I have set up a new lease agreement, arranged payment via Cozy and lined up local contacts for a handyperson, HVAC, plumbing, elec etc. but I am curious as to how to find services to go out and do quarterly/ biannual interior inspections and/or key turn over.