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24 April 2024 | 4 replies
You should be able to charge for any of these items if you have receipts for the expenses.
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24 April 2024 | 5 replies
Most lenders want your housing expense to be less than 40% of your monthly income… sometimes closer to 30%… but usually between the two figures.
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24 April 2024 | 0 replies
This includes collecting rent, handling maintenance requests, and addressing any issues that arise.Financial Benefits: Renting out the basement can help offset your mortgage payments and other expenses associated with homeownership.
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23 April 2024 | 0 replies
This involves upgrades to common areas, amenities, and unit interiors, which can be expensive.
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23 April 2024 | 11 replies
We keep in a bank account an emergency fund of 3 months' expenses for all rentals.Financials: We currently own a primary and 2 LTR single families.
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24 April 2024 | 8 replies
The monthly rent is $2525 with the expenses of $800 and the 30 Year note is $900 which leaves a positive cash flow of $800 monthly.
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24 April 2024 | 8 replies
Being a wholeslaer is having a business.You are in the business of finding and buying land/contracts for a short duration and then immediately selling them.One typical expense for a wholesaler is all the advertising costs to find motivated sellers.
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23 April 2024 | 7 replies
I own the 4 plex 50/50 with my parents and it's starting to become tedious trying to track who's putting what into the property as far as expenses and sweat equity is concerned.
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22 April 2024 | 18 replies
I'm not against spending $500 to do this right the first time but that just seems expensive for self-taught approach.Thanks,Ryan
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27 April 2024 | 42 replies
I re-price it may be exact same price, or even lower but I am now anchoring build at 125% of cost to new buyer.