8 August 2020 | 9 replies
Hey All -
I'm looking for some advice regarding property management. In a recent search for a property manager, she added a line that she gets 15% of the repairs she handles. There is an inherited tenant who is part...
8 September 2020 | 13 replies
Interest rates are definitely going to be higher than conventional (although pre-COVID-19 they were competitive and looks like it's trending that way again), but as long as the cash-flow is really strong, and you can have someone with solid credit guarantee the loan, you should be able to get a 30-yr fixed on a 1-4 unit property at around 70% LTV for cash-out, 75% LTV for purchase or rate-term (although again, we're seeing strong pressure to move these percentages up about 5%, but this is where most are currently).I can send you a PM, would be happy to answer any questions you have.
30 August 2020 | 11 replies
We shopped around but honestly 40% was the lowest percentage down required that we could find!
3 August 2020 | 3 replies
In terms of the monthly mortgage payments, I'd be open on taking all of that risk, or a higher percentage of it.
2 August 2020 | 6 replies
I would be curious to see the percentage of Primary versus Invest.
1 August 2020 | 5 replies
Hey allI'd love your opinion on a couple of cash on cash return questions.First, what amounts (percentages) do you personally use when estimating maintenance and vacancy costs?
2 August 2020 | 4 replies
Zillow shows rental estimate of 995/month. i may be wrong but when i try to calculate things to guesstimate expenses and such i try to lean on the higher side of percentages that i hear people talking about. so i caluted at 950 for rent. then for expenses im coming up with about 835 a month only leaving 115 for cash flow every month (after refinance) i have trouble with a couple of factors though, mainly repairs and capex obviously something needs to be held back here every month because it will happen, but everything will be brand new so risk of anything major such as roof, hvac, plumbing, electrical should be extremely low.
2 August 2020 | 0 replies
Should the adjustment be based on any index or be a fixed number/percentage?
10 August 2020 | 12 replies
@Damon Gainey, I think your maintenance/repair and CapEx percentages may be a bit low for a house built in 1916.
8 August 2020 | 0 replies
Im about to take my percentage to 30% of my check to my retirement fund from work to shift into investing in real estate.