25 June 2018 | 3 replies
Do you do all that before acquiring funds?
25 June 2018 | 9 replies
Keep 20k for an emergency fund/cash reserve.
22 June 2018 | 3 replies
I’m just looking for something that outlines how repairs are handled if over the reserve budget, where the funds are kept, what would happen if one partner wanted out etc.
16 July 2018 | 27 replies
Cash flow = Rents - PITI - Expenses (Property Management 10%, Vacancy 8%+, Utilities, Repairs and Incidentals, Capital Expenses fund, Legal and Accounting)9.
22 June 2018 | 4 replies
I have access to about 20k in reserves for any unexpected issues. i was thinking of using private money to fund the rehab and refinance the property.
11 July 2018 | 72 replies
Save up a personal emergency fund (6 months total expenses).2.
27 June 2018 | 31 replies
They should have significant funds of their own in case something happens.
1 July 2018 | 2 replies
Alternatively, rent may be paid to Landlord with certified funds delivered to XXXXXX.
22 June 2018 | 3 replies
Unfortunately since the property wasn't seasoned, I had a hard time getting conventional funding on it, and instead went with a private company to refinance the property.
22 June 2018 | 6 replies
Last you need to decide on how much you feel comfortable raising those rents.