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3 March 2024 | 5 replies
They do NOT have any web portals to be able to monitor or service your loan.
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4 March 2024 | 11 replies
I want to get a HELOC on my Rio Grande property but I'm having a hard time finding a lender that services in PR.
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3 March 2024 | 3 replies
Check out RG Property Services :)
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3 March 2024 | 1 reply
Nice turn of profit...client made approx. 39k Lessons learned?
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3 March 2024 | 2 replies
Rest of stuff painter/handyman service and a maid.
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4 March 2024 | 20 replies
I'm not a lawyer just an insurance agent / property investor so I can't tell you the why - just that is the way it is.I have seen my landlord client's get the demand letters for tenants dogs biting someone two times.
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4 March 2024 | 71 replies
@Mike HernThere were 5M housing transactions last year 83,000 involved some form of seller financing.85% of those were by people who only did one transaction.The above is seller financing and is not all sub2.How many deals are people really doing…..Source: advanced seller data services
4 March 2024 | 1 reply
The code states, "A separate and independent building sewer service line shall be provided for every permitted use, home or residence per lot."
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5 March 2024 | 28 replies
Most of my clients look into areas like Old North, Old Town East/King Lincoln-BronzeVille, Merion Village, Driving Park, North Linden, Hungarian Village, Bexley, and North Hilltop.
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4 March 2024 | 18 replies
For further details on this parameter, please consult our user guide.We have allocated a budget of $15,000 for renovations / refurbishments.The purchase price of a 2-bedroom / 2-bathroom unit in this area is $498,000, with 5% of this price allocated for closing costs.A turnover cost of $175 per booking has been factored in, with no rental management fee assumed, indicating that you will manage bookings and cleaning services independently.The mortgage rate is set at a fixed 7% per year, with an 80% loan-to-value ratio (LTV) and a 20-year term.For the remaining parameters in our financial model, please refer to the image above.Taking these values into account, below are the results of the financial case study.Some insights:The results show the anticipated performance of a 2-bedroom / 2-bathroom unit in the southwestern area of Okaloosa Island, Florida.Expected gross revenue amounts to $78,240, derived from 47 bookings with an average stay of 5 days at an average daily rate of $325 (inclusive of cleaning fees).Total yearly expenses add up to $68,014, encompassing various costs from private mortgage insurance (PMI) to property taxes and annual loan repayments.The cash required for this deal totals $139,550, incorporating the 20% down payment for the mortgage, 5% closing costs, and the $15,000 renovations budget.Pre-tax net revenue stands at $10,226, representing a 7.33% cash-on-cash (CoC) return.The annual return on investment (ROI) is 1.9%, excluding value appreciation.