With this new reality it is imperative that buyers are aware of these expenses prior to submitting offers on homes; they should also be aware of the risk that these costs can appreciate aggressively.https://www.nbcnews.com/news/amp/rcna163853

Go look at the BP sheet and reconstruct it yourself.

What can go wrong here?

The way to handle it is to allocate expenses based on the percentage of the home’s square footage used for rental purposes.Here’s how it works:Calculate Rental Percentage: Add up the square footage of both the in-law suite and the rented room, then divide by the total square footage of the house.Apply This Percentage: Use this rental percentage to deduct a proportionate share of expenses like repairs, utilities, and mortgage interest.This post does not create a CPA-Client relationship.

New builds have a lot of moving parts and builders will go by their own rules if you are going solo.

I know this a tough time for a lot people, post hurricane disaster but I can’t help to think is this a buying opportunity in those areas?

What would be the best way moving forward with this applicant since one does not fully meet our minimum requirements?

There has to be more that meets the eye to this deal.

Hey Jon, have to give you my two cents on this year!

Here’s why you should consider investing in this growing market:Affordable LandFlorence offers affordable land compared to larger markets, allowing investors to secure property at lower prices with strong potential for appreciation as the area develops.High Demand for New HomesThe city’s growing population is driving demand for new construction.