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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!
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13 November 2018 | 29 replies
Additionally, if you are able to become really good at navigating the new tenant laws this could be a competitive advantage for you.
13 September 2018 | 2 replies
Now, I know the object is to keep expenses low and profit high, but could a few simple additions increase your bookings?
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7 September 2018 | 2 replies
Should I take out a HELOC or HEL on my primary residence, and use the funds from that to make a down payment on additional properties and then obtain a conventional mortgage on them?
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7 September 2018 | 2 replies
Just completed a large remodel on my primary residence ($90k in) with the goal of refinancing to consolidate some personal debt and pull some additional cash for other real estate related projects, BUT ran into a road block with a lender.
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12 September 2018 | 10 replies
(once I move out of the property and optimize the rental income from the additional unit)