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19 November 2021 | 27 replies
~Rough ratios allow you to compare zip codes and regions fairly quickly before you get into more property specific due diligence (taxes, insurance, utilities, etc)
2 October 2021 | 11 replies
So right now at the end of September- I am considering two options - winterizing or renting short term (heavily under-market just to cover utilities expense) till spring.
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27 September 2021 | 0 replies
Tenant pays all utilities & I would do lawn care myself.
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28 September 2021 | 1 reply
Some photos would be a great help, but here's how I would tackle it, if it is outside: Use a utility knife to cut away old caulking.
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28 September 2021 | 4 replies
The highest mid FICO scores I usually see for people with high utilization and no late pays or derogatory accounts is 670-680.
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3 October 2021 | 10 replies
This April I closed on a GREAT deal in the heart of a hot market here right outside of Charlotte and rented out my master for another $750 a month now collecting $2,300 a month on the property (I'm paying the utilities).
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1 October 2021 | 13 replies
My thought was:1 - I put the down payment and assume the mortgage.2 - Contractor (no skin in the game at this point) buys materials to complete the necessary upgrades3 - When it is done we sell the property and subtract the down payment, material cost, mortgage payments, utilities, settlement costs - and then whatever is left we split.
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28 September 2021 | 5 replies
Holding costs- in your example there probably wouldn't be much if any holding costs because the renters are staying during the rehab, but most BRRRRs are empty so you would have some holding costs in the form of insurance, utilities, maybe taxes depending on how long the rehab takes so you will want to have those in the numbers as well.
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28 September 2021 | 7 replies
From those numbers, 3 of us and my girlfriend will be living in the house, so say 1800/4 + utilities estimate, we would come out to around 500/month each if we split the costs evenly.
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8 November 2021 | 11 replies
So, apart from estimating your price by checking similar properties in the area, make sure that you also factor in all of your expenses such as appliances, utilities and taxes when figuring out how much rent to charge.