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1 October 2023 | 4 replies
Thank you that answered my question quite sufficiently.
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1 November 2018 | 2 replies
Long story short the property did not meet the FHA self sufficiency test.
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2 January 2024 | 2 replies
Challenge was stocking sufficient bedding/supplies for STR - learning how to navigate Airbnb/VRBO platform differences, and communications with clients.
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30 December 2023 | 6 replies
But I am curious if the Bigger Pockets BRRRR calculator would be sufficient to use for smaller MF properties?
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10 April 2022 | 4 replies
I require a free written application up front but make very few of my fields "required" (and software enforced)-- it is the tenant's responsibility to provide sufficient information for me to rule them in.
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2 December 2022 | 5 replies
I'd recommend targeting 2-families if using an FHA loan in order to avoid the self-sufficiency test.The market is also cooling so you could work with your agent to target properties that have been on the market for 30+ days with offers well below asking price.
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5 September 2023 | 12 replies
Secondly, many people are unaware of the self sufficiency test for 3-4 unit MF.
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6 September 2023 | 2 replies
Every 2 or 3 months sufficient (like December 2023 or January 2024)Does anyone have any other recs on how you would approach rent increase in this situation?
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9 April 2023 | 13 replies
Nonetheless, I recommend just using the BP calculator for now for these small deals, it should definitely be sufficient.
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27 December 2023 | 3 replies
(and place it "at risk" I'm assuming ) Assuming the deal is at least "average" for a high end , lower cap rate facility, and assuming that cash flow is sufficient to produce excess "cushion" cash flow at the end of every month - is this too much net worth to tie up into one property?