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2 September 2015 | 23 replies
Occupancy rates are over 95% in the grid.
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5 June 2016 | 1 reply
For another, my occupancy of the MIL is so unpredictable and sporadic that it is hard to develop any rationale for the portion I should pay even if I wanted to do so (but it would definitely be less than the sq ft proportion).So, I was thinking of just laying it on the line for prospective tenants, "yes, you will pay all electric/gas/water/cable/trash, and yes that includes for the MIL suite, but I will pay landscaping ($200/mth) and pest control spraying ($30-$50/mth)".It probably wouldn't deter the discovery of a decent tenant, but I'm fearful I'd be planting the seed for some amount of resentment, whereas if I were to communicate (or treat) the situation differently, maybe I could avoid and have a nice Kumbaya relationship.Any ideas on how I could best handle this situation?
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8 July 2019 | 6 replies
I assume by income from occupancy but it reads like the business was suffering.
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19 October 2016 | 7 replies
@Michael Oldani , the best thing you can do is buy a 3-4 unit building with an FHA owner-occupant loan with 3.5% down payment.
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28 November 2016 | 23 replies
I'm just starting too and I don't know much, but I do know you need to know a lot about a property, and you can't rely on Zillow and the current occupant to give you the information.I didn't try this, but supposedly the trial is free for, I suspect, one report--who knows:http://www.datatree.com/try-totalviewAt the very least, there is a sample report that you can view that shows the sort of data you need.Kudos on jumping in, but be careful!
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14 December 2016 | 6 replies
I think this is great, however, my INITIAL PLAN was to house hack it for ONE year (which is what my FHA loan requires a minimum occupancy length of) and after that year is up, I was going to try to start looking for the next investment.
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22 December 2016 | 8 replies
Caveat of course is I'd need 25% equity whether I'm still an owner occupant or not.Might be worth calling around different lenders and learning their guidelines.
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12 January 2017 | 8 replies
Consequently you might end up with 50% occupancy throughout the year.
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10 May 2014 | 3 replies
The 203k is only able to be used by primary residence owner-occupants or qualified non-profit groups.