Logan Hassinger
Potential tenant questions
14 January 2015 | 11 replies
Have you advertised comprehensively on craigslist and rentlinx.com?
Jill DeWit
Hi all from Super Bowl 2015 central! (New Member in Phoenix area)
15 January 2015 | 9 replies
Yes, I am right here in Scottsdale, AZ literally walking distance from where ESPN will be set up for their Super Bowl 2015 coverage.
Vaughn Lewis
ACV vs RCV for Flip Scenarios
15 January 2015 | 1 reply
I've seen many related discussions on the boards here - but none that explicitly address what I'm looking for - at least in simple terms.Here's the scenario:Project: Rehab and flip, own for less than 6 monthsHouse built: 1930Purchase price: $34KEstimated rehab cost: $50KARV: $130KHere's what I'm looking at w/ respect to a quote I'm ready to go with:Vacant/Builders Risk Insurance, 6 month policyCoverage amt: $130K, ACV (gathering RCV is not available industry-wide for house this old)Co-insurance: 80%Liability: $500KTheft: $5KMy question is basically - would this be considered sufficient coverage?
MONICA WATSON
Potential tenant has Realtor
16 January 2015 | 19 replies
Make it comprehensive and good enough to stand up in court.
Daniel Foster
Duplex in Memphis
19 January 2015 | 5 replies
From a financial stand point - You will need a rent roll, actual expenses for property taxes, insurance, utilities, property management, repairs, maintenance, landscaping, vacancy rate.Banks will typically look at Debt Service Coverage Ratio (DSCR) so make sure your DSCR is >1.5 (1.25 min)You will typically look at Cash-on-Cash Return, Cap Rates, Opex Ratio, Breakeven ratio, interest carry over ratio, gross rent multiplier so you will need the above actualsWhen was the house/apartment constructed?
Account Closed
Trump University
8 June 2016 | 4 replies
Since there has been a huge amount news coverage about Trump University, I thought I would ask a simple question.What percentage of "guru courses" do you think operate exactly like Trump's "University"?
Nick Intrieri
Tear Down and Rebuild Costs?
5 June 2016 | 6 replies
It'll depend on the zoning district and whether or not its historic, but I believe the norm for a new project without a variance is a 10' setback in the front and 30' in the rear, which equates to 60% lot coverage on a 100' deep lot.
Alexander Zurn
1st home viewing
2 June 2016 | 3 replies
For example, missing hand rails, or missing downspouts (my favorite, lol).No, I don't have a comprehensive list of that stuff unfortunately, but it's good you're getting out there and starting to get in houses.
Stephanie Phillips
Seller's omission has caused me harm--
8 June 2016 | 14 replies
I believe that the advanced or top tier title insurance policies would include coverage for violations like the ones mentioned in the original post here...though Im not positive since I only ever get the basic coverage.
Ryan Boren
Insurance for Investment Property
2 June 2016 | 4 replies
Call a bunch of companies and go with who gives you the best quote and coverage.