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Hello,I have a home that I lease out to tenants on section 8. They are set in a one year lease. However, the property taxes increases in my area and now the rent no longer covers the mortgage. I’ve asked the housing a...
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Hello everyone!
Does anybody know if buyer's premium can be financed in my conventional loan? If lender doesn't approve it, is there anything that can be done in contract verbiage to get that premium financed?
Than...
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My lender is requiring I carry Hazard insurance on my investment property. They are asking the policy equal the 'unpaid principle of of the mortgage' which would be $90k. Is this normal? How much would the monthly pr...
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Hello all! This is my first post on this forum. I wanted to know if anyone has heard of warranty services for large-cap multifamily investment properties. I know of a company (frontdoor, Inc.) that provides warranties...
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Hi all,What's the average cost of insurance per unit on 2-4 unit properties, in your experience? Of course it depends on location, value of the property, etc but looking to get some data points for triangulation.I'm c...
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What is loss of use coverage and is it really important!?
Loss of use is coverage that covers you when the property you are living in or renting is unable to be occupied due to a peril such as fire, flood, wind,...
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Hi BP!I have a house hacked duplex and my tenants are right at their year mark. They've decided they want to buy a duplex and asked to avoid any monthly premium while going month to month so they can keep the option o...
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I'm a 26 year-old real estate investor from New Hampshire and, as I grow my current 22-unit multi-family portfolio, I need to ensure that I maintain sufficient capital reserve funds. Under usual economic conditions, h...
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First let me start off by saying that this thread is for those animal lovers that have pets and consider those pets to be a part of their family. I don't really need to hear from the cold-hearted, non-animal lovin...
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Investment Info:
Large multi-family (5+ units) commercial investment investment in Beaverton.
Purchase price: $2,065,000
Cash invested: $500,000
INVESTMENT HIGHLIGHTS
Fifteen Spacious Two-Bedroom Uni...