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14 February 2024 | 28 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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14 February 2024 | 35 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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14 February 2024 | 7 replies
Obviously 1k is not enough to cover the transfer tax and Sheriff's fees... 2) I thought Sheriff's sales were exempt from transfer tax in PA?
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15 February 2024 | 4 replies
It's not that big a deal- a relatively small one-time expense that sets you a bit above the competition.
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14 February 2024 | 10 replies
My lease says the rental will be provided pest-free and I will cover any pest issues for the first two weeks.
15 February 2024 | 9 replies
. $4M will be my leverage to cover against emergency expenses including vacancy’s and will not be touched unless it’s last resort if I can’t leverage my assets.
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15 February 2024 | 23 replies
However, they recently provided a relatively small LOC for that purpose.
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13 February 2024 | 11 replies
Davis county is basically Salt Lake suburbs.Utah county: Geographically constricted and full of tech and health care jobs.
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15 February 2024 | 11 replies
Adding keywords related to your investment strategy or market locations can be updated in your settings.
15 February 2024 | 8 replies
I will have enough to cover the 20% down without using the 1031 x funds.Here is where I can't seem to get any direction on: PP for new residence is $655,000 and down payment is 20% ($130000).