2 May 2020 | 13 replies
Yes, a Buyer may want to confirm things by paying their own inspector, but if you can get an accurate picture of the roof, HVAC, plumbing, sewer, and electric, that eliminates 80% of the mechanical problems that cause Buyers to back out.
20 May 2020 | 15 replies
For clients, I'd say that if a PM can work efficiently and effectively within the software they are using, that is FAR more important than the owner portal features you want to see; a PM with good systems is not going to switch their core software, and there are plenty of subpar PMs who use great software with poor results.
4 May 2020 | 28 replies
I'm shopping in Long Island NY and it seems impossible to buy using the 1% rule in this market.I've done some more detailed analysis of deals and it seems like 0.8 might be appropriate here; mMy analysis works like this:Run comps for rent and determine market rentCalculate 85% of market rent and I have my "effective rent" (deduct 5% each for vacancy, management, and CapEx)Calculate PITI (principal, interest, taxes, and insurance)If effective rent > PITI; property cash flows?
11 June 2020 | 5 replies
I'll use 15% for the investor effective tax rate unless you know otherwise...
5 May 2020 | 6 replies
Using your personal credit card is not ideal as it will negatively effect your credit score and your DTI.
1 May 2020 | 2 replies
I got it as a house hack so I live in one unit and rent the other two units which eliminates the mortgage coming out of my pocket and I have a little more than $300 after the mortgage to save for any expenses or whatever.
16 May 2020 | 65 replies
That's the beauty of BRRRR model if used effectively.
3 May 2020 | 7 replies
It’s more a one time offer of “cash” assistance to help pay for closing costs and effectively roll those allowable costs into the loan.
7 May 2020 | 10 replies
With many corporations now supposedly considering work-from-home as the new normal, what do you think the effect will be on real estate?
8 May 2020 | 17 replies
Thanks @Greg Dickerson, @Spencer Gray, @Roni Elias for your comments.Yea, I agree with two big factor being the debt type, and rent increase assumptions that will be effected in deals going forward.