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1 March 2021 | 3 replies
Always call and verify with contractors, property managers, real estate agents who know the areas.
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28 February 2021 | 6 replies
If it's a private owner, use public records in your County to verify that this person does in fact own the property, and if applicable, that they've got the appropriate permission to rent it.
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8 March 2021 | 3 replies
I have seen a lot of international students - who I know want a place to live.Going off of Bigger Pocket's "Introduction to Real Estate Investment Analyst" article, I have made the following calculations for the 1289 W 24th Street triplex;COST ASSUMPTIONSPurchase Price: $997,000Down payment: $199,400 (20%)Improvements: $30,000 (update the small kitchen, based on Redfin pix)Closing Costs: $19,940 (2%)TOTAL COST: $1,046,940CASH OUTLAY: $169,340FINANCING ASSUMPTIONSDown Payment: $199,400Finance: $797,600Interest Rate: 2.75%Mortgage: 30 YearsMortgage Payment: $3,256ASSESSING PROPERTY INCOMEUnits: Three total - One 3-bed/1-bath unit, renting for $3,383.50- Two 1-bed/1-bath units (one vacant, plus one renting for $1,700)Note – Rentometer.com estimates the 3/1 to bring $2,600/month and the 1/1 to bring $1,493/month, so ideally I’d have to ask the seller or current PM for their statement report to verify the above rental income.
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8 March 2022 | 38 replies
If you want details on any of those financing options, I'd be happy to share what I know, then verify with your lender if it'san option in your area.
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1 March 2021 | 15 replies
You may need a tax filing to have verified income.Unless you meant the FMNA/FHLMC limit of 10 financed properties...?
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3 March 2021 | 34 replies
It may be a small minority, but it's been enough that I'm not willing to screw up another trip.The CEO of AirBnB said they were implementing new verification policies and every rental was supposed to be verified before 2021.
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21 June 2021 | 6 replies
Make sure to verify legal bedroom requirements and any HOA covenants.
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27 February 2021 | 1 reply
It's not safe, the money would have to be counted, and I would have to verify the money is not counterfeit.
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28 February 2021 | 2 replies
If there are extenuating, verifiable circumstances, we may stretch it another ten days.
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3 March 2021 | 18 replies
ESPECIALLY if you have numbers from the seller, run those by your prop mgr, so they can verify if they're 'real' or 'fugazi' and trying to fluff up the deal.