12 July 2018 | 1 reply
As long as you are closing at a title company with title insurance, you’ll be okay
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5 August 2018 | 1 reply
What kinds of insurance riders will I need on the additional properties to cover the additional rentals/tenants?
16 November 2018 | 15 replies
I'll add the details for 2 of my properties that I'm on the fence about.1) Purchase price: 69kRenovations: 55kMortgage amount (principal, Interest, insurance, & Taxes): $1500Repairs / Vacancies: $300 Rental Amount $1800Holding costs until the Resale/ Refi : $12k ARV $185k 2) Purchase price: 180kRenovations: 15kMortgage amount (principal, Interest, insurance, & Taxes &HOA in this case): $2100Repairs / Vacancies: $200 Rental Amount $2300Holding costs until the Resale/ Refi : $12k ARV $259kKeep the great responses coming!
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13 July 2018 | 5 replies
Assuming they have insurance, it should cover this (less the deductable).Oren
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12 July 2018 | 0 replies
Here is how it played out:Purchase $72kRehab $45kRefinancing/cash out at $125k with a note at $861 tax and insurance included.
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13 July 2018 | 3 replies
Just make sure when you analyze the numbers to factor in all expenses (ie. maintenance, vacancy, CapEx, taxes, insurance, property management fees, etc).
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13 July 2018 | 33 replies
Also, a home that costs $85K with 6.5% interest and 3.5% down would still be about $500+ per month on mortgage (depends on your credit score), and on top of that you'd have to pay insurance for having equity less than 20%.
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14 July 2018 | 17 replies
What about taxes insurance m, capex, repairs and vacancy ?
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28 January 2021 | 7 replies
For investors who wanted to sit on the house and rent it there were the additional expenses of water insurance.
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13 July 2018 | 0 replies
They are a rental guarantee insurance company that helps tenants with less than stellar credit or people that just moved to the US without prior credit history.