Rubin Sanders
How Does It Work ?
19 March 2024 | 2 replies
It's done all the time and even better when you market it and include the current plans and permits (assuming you have this in place).
Cristal Marques
First Investment Property
19 March 2024 | 3 replies
Yes, we have a property manager who has handled everything for us, including the repairs we have done.
Aram V.
Renter's Insurance ???
19 March 2024 | 12 replies
I like the idea of including it in the rent as it ensures the tenant keeps the renters insurance and seems like the least amount of effortThanks!
Ryan Marble
Cash on cash return
20 March 2024 | 21 replies
Then let appreciation and principle pay down come into play to get you up to 30% or so.Most people here on BP will push for self management, myself included.
Cameron Riley
Have you EVER sued section 8? Successful?
19 March 2024 | 52 replies
A lot of times they will say no.....I then will say, I'm not being difficult but I will ask for clarification, because this is in all of our leases....ANYTHING means, cigars, cigarettes, mar%ua7na, vaping, bongs or e-cigarettes.
Andreas Mueller
The Real Shrinkflation? It's not potato chips. It's....Real Estate.
18 March 2024 | 0 replies
You can email me direct, I try to answer all the emails I get personally.
Renande Emile
I purchased an HOA lien at foreclosure auction, bank owned
19 March 2024 | 16 replies
If judge denys, my question is if the previous owner does not claim the surplus money can it go to the 1st morgage so that when I do try and negotiate it will already include the winning bid amount?
Uzziel Cortez
New investor looking into Out of State LTR strategy + tips
19 March 2024 | 11 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.
Michael Nelson
What do hard money lenders need to see in terms of the deal?
19 March 2024 | 19 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
David Shaw
Los Angeles LA RSO Property New Lease Allowed?
18 March 2024 | 5 replies
Hi @Carla CarvalhoI actually sent an email to Dennis Blocks office, they replied with a simple message saying it is in violation of RSO to do so.