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19 February 2024 | 5 replies
If its an invesmtent you want to make sure you force as close to 30% equity as possible (this is so you can refi and pull as much money out - banks usually only cash out up to 70% LTV). then you need to make sure your rent will cover your new mortgage 70% of the value of the home.
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19 February 2024 | 22 replies
-Honestly, I think you may be over-investing in the existing structure.
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18 February 2024 | 5 replies
So the home is costing me way and the returns can't even cover the expenses.
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18 February 2024 | 1 reply
The bank lends you $170K which only covers the 85% and you are required to bring 15% or $30K to closing "PLUS" closing costs unless you get a seller credit.On a typical loan the Bank/Lender does not cover anything related to repair costs, utilities, or closing costs.The seller can contribute up to 2% Max on an investment towards closing costs so again on a $200K purchase they could only offer $4K.
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18 February 2024 | 12 replies
I submitted the claim to the insurance company but not sure if they cover it.
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17 February 2024 | 7 replies
Also, recommend you get an existing survey from the seller.
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19 February 2024 | 10 replies
I still haven't gotten any insurance quotes, but I imagine they wouldn't be insignificant to cover a rental home with a pool.
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18 February 2024 | 1 reply
He posts a lot of videos and backs his opinions up with a lot of good statistics and research-Used to love Meet Kevin's real estate videos - now he's morphed into covering the economy as a whole (which includes politics, stock investing, etc).
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21 February 2024 | 27 replies
Then they re-sell their products at a price that covers all costs plus profit.
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18 February 2024 | 3 replies
It includes a tankless water heater, whole-house fan This gated community includes a dedicated dog park, a recreational area with playground equipment, and a wonderful covered picnic area with serene mountain vistas.