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12 February 2024 | 12 replies
I categorize each entry as to which property it relates to and the reports it prints works well for our CPA.I guess I'm just trying to figure out the best process now, before I get into it and then need to change it.Thanks!
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12 February 2024 | 14 replies
"While exploring the fence situation I also explored the driveway with no easement situation and decided to implement a fee to help me cover the taxes and maintenance of the section of my parcel that is paved and dedicated for your use as a driveway."
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12 February 2024 | 5 replies
As a region, our relatively anemic rent growth and job growth has prevented developers from appreciably adding to new supply of multifamily housing.According to Costar (a real estate analytics firm):"Vacancy in the Rochester multi-family market is 3.7% and has increased by 0.6% over the past 12 months.
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11 February 2024 | 40 replies
We have strong demand and relatively low purchase costs in Columbia, North Charleston, and Spartanburg However, that is not an exhaustive list.
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12 February 2024 | 9 replies
However, I would want a higher percentage ownership for paying off the lies and covering the costs to get the property up to par to go to the bank.
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11 February 2024 | 4 replies
The first house actually has 1.5 bathrooms (the half bathroom is located in the unfinished basement) and covers a total area of 1450 square feet.
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12 February 2024 | 0 replies
The plan is to take out a HML on one of them to cover costs associated with Acquisition and Construction, and DSCR Cash outs after the other two are complete.Exit - Plan to Hold all 3 soon to be Aquired/Built properties for rent / future appreciation, +Cash Flow, and +Net DSCR Cash outs.Acquisition - Contract for Deed $130,000 @ 0% Interest 9 monthsHML Payoff $73,000 + Legal Fees on Execution of ContractBalloon Payment of $57,000 at time of DSCR Refi after construction of home on lot one, and the finish of construction on lot two is complete.Mechanic’s Lien, $43,000 for foundation and other work done, paid by seller at closing when contract is fulfilled.Rehab/ConstructionLot 1 - Home to be Constructed TBD.
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12 February 2024 | 7 replies
I hide nothing and tell him exactly how to set it up if he wants to be relatively hands off.
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12 February 2024 | 14 replies
The new loan is often a higher amount to help cover closing costs.
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9 February 2024 | 20 replies
How do you know the mold remidiation contractor isn't related to the tenant and is trying to make a quick buck off of you?