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1 November 2020 | 14 replies
Last time I looked into utilizing the program it didnt make sense from a numbers POV.
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30 October 2020 | 1 reply
Here is a little rundownRental 1 2-1 bathPurchase price: 72,000.00 approximate value now 155,000.00Down Payment: 14,000.00 (20%)Interest Rate: 4.25% 30y/ fixedCurrent balance: 52,500.00Current Tax: 2,300.00/yearInsurance: 511.00/yearFlood Insurance 750.00/yearUtilities: 40.00/month all other utilities paid by renterCurrent Mortgage w/escrow: 542.00/month 6,504.00/yearRental Income: 1,200.00/month 14,400.00/yearProfit 814.00/month 9,768.00/yearNotes: This house requires Flood insurance.
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28 September 2021 | 9 replies
It doesn't make sense to me that we all live in isolated dwellings and pay an arm and leg for separate utilities, not enough room to grow and share crops and rooms we mostly use to hibernate in.
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29 January 2022 | 92 replies
Other than snow and lawn care, any other landlord expenses, like utilities?
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31 October 2020 | 5 replies
I'd add info on garbage pick up and recycling, if you have a community mailbox, where it is and how to get a key and any info they might need for utilities.
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16 October 2021 | 29 replies
If/when you choose to utilize the VA loan, that significantly changes ROI versus a normal buyer putting 5-20% as a down payment.
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20 August 2021 | 6 replies
This would allow you to tap into the equity to be able to utilize it, while still maintaining ownership and living in your new home.
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4 November 2022 | 10 replies
I utilize seller finance, DSCR, and subto transactions to avoid going the traditional financing route.
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21 August 2021 | 8 replies
Utility statements for the past year 4.
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19 August 2021 | 2 replies
Don't simply think through total rents you'll receive minus your PITI to the bank, but rather you'll want to factor in management fees (if any), Condo Owner Association fees, maintenance and repairs, other utilities, and a capital improvements set-aside for the inevitable things you will need to improve over time.If you're looking at the income minus these expenses and still coming out with a cashflow rate that you are comfortable with, then the only question left to answer is: are you comfortable with the risks associated with Condos?