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3 March 2024 | 7 replies
Personal Property: $30,000 Personal Liability: $300,000 Replacement Cost: Included Medical Payments: $1000 Loss of Use: $6,000 Property Damage to Others: $500 Mold Property Damage: $10000 Mold Liability: $50000 Tenant Pet Damage: $500 Additional Interest: Myself (the landlord)2) With above coverage added to renter insurance, do I make it mandatory for the tenant to have a separate pet liability insurance?
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4 March 2024 | 11 replies
The monthly carrying cost is $260 less for TH(HOA included in calculation).3.
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4 March 2024 | 30 replies
Most applicants never responded or responded that rent was too much...that they were looking at $500 - $800 a month everything included.
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2 March 2024 | 17 replies
also, I am exploring different funding options including HELOC, HEL, etc.Given current rates are quite high and sticky, how do you recommend to utilize these funding options?
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3 March 2024 | 1 reply
In this example, I didn’t include any CapEx costs and the loan is 75% of the value.LTCWith a LTC structure, the lender is willing to lend funds as a percentage of the underlying asset’s purchase price plus renovation/repair costs (project cost).LTC financing is generally viewed as favorable for the borrower albeit, riskier, due to higher leverage, less debt service coverage, and renovation risk in the form of underbudgeting.LTC = Loan Amount / Project CostsMost often, lenders are willing to offer LTC terms structured as a bridge loans.
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2 March 2024 | 16 replies
I plan to hold them long term, so I'm confident that time will be the deciding factor in my returns.
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3 March 2024 | 1 reply
Once it's approved, a sheriff will serve the eviction notice to the tenant, and the paperwork will include the date and details for the eviction proceedings.If you prefer to use a professional eviction service feel free to DM me for a few references.
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2 March 2024 | 32 replies
I always thought if a Realtor could do a package deal - sell the SD house, work with an OOS Realtor to buy the house in the new state, incorporate the misc factors like moving and relocation data, you could make a killing....
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3 March 2024 | 5 replies
Particularly be sure to include your goals for real estate investing so that folks can help you. 2) Follow your favorite forum topics and set up keyword alerts!
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3 March 2024 | 1 reply
Hope BP'ers can share their experience and point out if I need to expand my research scope to include other funds besides the list below.