11 June 2018 | 152 replies
To better insure a smooth mortgage loan process for the buyer, I'll pick up the $2.00, so we can round up to $754,500 even."
13 June 2018 | 10 replies
That all depends on if the rent will fully cover mortgage, tax, insurance, 5% of rental income for repairs, another 5% for CAPEX, another 5% for vacancies, and another 10% for PM services (even if you self-manage).
7 June 2018 | 11 replies
Check your title insurance and see if their is any mention there.5 Check the county for liens against the property that have been satisfied.6.
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20 July 2018 | 6 replies
Does anyone have any information or tips on how to file an ejectment, take possession, insure the home etc.
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7 June 2018 | 2 replies
We also have a discounted repairs service, insurance and loan programs.
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8 October 2020 | 3 replies
Michael, what type of insurance policy did you have in the scenario where you rented out rooms and live in 1 unit?
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11 June 2018 | 11 replies
preferably a contractor or an experienced investor to help you size up how much $$$ the "little" repairs may cost.then use the rental tool here or a spreadsheet and plug in the numbers to make sure it cashflows after deducting expenses, insurance, taxes, property management and capex.
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7 June 2018 | 6 replies
There are $100 down HUD homes where a qualified owner occupant can put down $100 for a property and receive FHA insured loan.
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7 June 2018 | 4 replies
For the moment everything assumes 100% financing)* Repairs (default is $2000)* Vacancy (default is 10%)I also make sure to include HOAs, management fees (which vary based on property type), and insurance (which also vary based on property type, and are just estimates).The list is up to date as of this evening (June 6th), but it's static so it won't be updated unless I update it.
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21 October 2018 | 14 replies
It was hosted by M.I.P and we toured properties, meet lenders, insurance agencies, and other provider doing business with M.I.PMy Criteria/Situation: 100K Purchase priceGood working-class B, B+ area3/2/brick houseWas looking for 1% rent to purchase ratioConventional financing with 20-25% down paymentUtilized 401K loan for down payment and closing costsThe Purchase:During the M.I.P Property tour in May, they handed out flyers with properties for sale reserved for visitors that weekend.