30 April 2018 | 4 replies
Your ownership of the condo is from the drywall in, so you only have to insure the interior, rather than the exterior(the HOA covers the exterior).
4 May 2018 | 12 replies
As I do not want to put down more than 5%, but will need lending to cover the rehab.Second Question: Is hard money lending a viable option for this use-case?
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15 May 2018 | 21 replies
Save up enough so that if you buy a place and the roof caves or all your hvac units explode, you have the funds to cover it.
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13 May 2018 | 2 replies
Vacancy should be projected to at least cover one month of rent.
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20 May 2018 | 6 replies
They covered everything but carrying costs.
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15 May 2018 | 17 replies
Since we are able to save $1000/month and the P&I is only $700/month we could cover that if the currently rented unit becomes vacant.
28 June 2018 | 9 replies
Then make decision to calculate gross rent to cover peak usage rates that way tenant has utilities built into rent and you save expense of all the HVAC work.
14 May 2018 | 5 replies
The Refinance loan must be able to cover paying off the acquisition loan.
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12 May 2018 | 1 reply
You'll need a builder's risk policy to cover the property during renovation (if you're not occupying the property).
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14 May 2018 | 50 replies
Say you buy for $800k and earn a rent that covers operating and costs.