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26 September 2018 | 26 replies
By planting these fixed seeds that are and continue to pay dividend, it stabilized my income flows and concurrently allowed me to build up reserves for additional purchases.
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11 September 2018 | 31 replies
Additionally, baked in the numbers you mentioned like price-to-rent is an assumption about cash flow, but how would you go about analyzing an entire market for cash flow?
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11 September 2018 | 15 replies
I have been trying to market this property on and of for the last 6 months, but now its starting to become a burden as I have to pay on a delinquent water bill that was the result of a busted pipe leak in the basement right before we closed on it, and additionally I have to pay the remainder of the taxes.
18 September 2018 | 9 replies
In addition, I feel like if I have to pay PMI, I am not ready to purchase another property.
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10 September 2018 | 15 replies
The best thing to do is to speak with a lawyer that specializes in landlord/tenant relations and see if they have any additional suggestions
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9 September 2018 | 17 replies
That in addition with checking the rental history kinda helps find the good tenants.I didn't have any big issues with Sec 8 Tenants there.
14 September 2018 | 2 replies
I am new to bigger pockets and currently owe a 3 unit rental property with the intentions to buy additional rental units in the next couple of years.
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11 September 2018 | 6 replies
Legal Fees $2400 Deposit Required for the mortgage - 20% - $35,000Right now rehab - 22,000Property improvements and correction of deferred maintenance over the next 2 years - additional $24,000 Mortgage payment - 871$ / monthWater - app $200/monthProperty Tax - app. $300/monthGrass/snow - quoted by a local company at $274/month (1800 for snow for the year, 1500 for grass for the year) Insurance - $140/month (got a great rate not cheap insurance) The heat source and hot water is natural gas, New furnaces and water heaters installed in 2015.
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6 September 2018 | 1 reply
In addition, your holding costs are way too low.Holding costs - Prorated property taxes, Insurance, Utilities, Interest on loans, LandscapingBest of luck!!
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7 January 2022 | 47 replies
I think the relationship with the landlord was fine and dandy and then this came as a surprise addition (the "no friends/guests without extra pay" part...forget boyfriend...this holds true for her sister, mom, dad, ME!