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20 February 2024 | 15 replies
Some will be passed on to the tenant.You can include non-recurring expenses such as capital expenses, repairs, etc.
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20 February 2024 | 4 replies
From the CA website:A landlord can only deduct certain items from a security deposit The landlord can deduct for:Cleaning the rental unit when a tenant moves out, but only to make it as clean as when the tenant first moved inRepairing damage, other than normal wear and tear, caused by the tenant and the tenant's guestsRestoring or replacing furniture or other personal items, but only if this was included in the rental agreement and the damage isn't from normal wear and tear Generally, a landlord can keep part of the security deposit for rent owed.
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19 February 2024 | 3 replies
I am overwhelmed by the number of different formulas that are out there for rental property investing and I don't want to overpack for lack of better words my investing formula arsenal so I would like to know what ones are the best to use and whyThe ones I currently use include: COC, NOI (and NIAF), Cap rate, ROR, ROI, and IRR=But I also have heard of NPV, I am also not including any "rule formulas" aka 1% and 50% as those are simply guidelines to follow and not complicated formulasLet me know if I am missing any or don't even need to use some of the ones I am usingThank you,Peyton LaBarbera
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19 February 2024 | 3 replies
Insurance on these older comes is hard to justify in many cases so unfortunately this home only had liability coverage.This fire was tragic because we had just finished renovating it and were taking applications for new tenants.These trailers burn fast, very fast.
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20 February 2024 | 5 replies
All of that being said, in the eyes of the City, if they do not have any record of work ever being done to finish the attic space then regardless of if you make it separate unit or a Duplex, you would need to obtain a building permit and bring all work completed upo to "Current Code Compliance".
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20 February 2024 | 14 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
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19 February 2024 | 12 replies
You will have up to one year to finish your Listing and get a booking before the connection expires.www.airbnb.com/r/mgrudzien1Here's some information from Airbnb about this program: https://www.airbnb.com/ambassadorsLook forward to helping you, Mike
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20 February 2024 | 4 replies
Highlights of this multifamily deal include a substantial 20% discount, a commendable 7.6% cap rate, and favorable financing with a Freddie Mac loan.
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20 February 2024 | 12 replies
It usually ends bad for all involved including the GP.
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20 February 2024 | 1 reply
In essence, the DSCR measures the property's cash flow available to cover debt obligations, including the loan's principal and interest payments.How Do DSCR Loans Work?