Hello -So my monthly income vs. expense worksheet looks like this on a 6-unit rental property. Income: $8200 (full occupancy)Expenses: $2910 (includes 10% for vacancy & 10% repairs, utilities, trash...
As more and more clients ask me to recommend property managers for their SFH, Duplex and Fourplex properties, I'm updating my due diligence checklist when comes to what to ask a property management provider:Here are s...
Hello all,I was playing around with the rental properties analysis while going through the MLS. What do you guys use when you come upon a property for, let's say, insurance? Obviously you aren't going to go and get ...
I have zero knowledge and I’m interested in learning. Currently have life insurance policies. I was told that you could use your life insurance policies to borrow money for renovating property. If there is any informa...
I've been using Trulia to analyze home insurance in Pueblo CO. I'll take these estimations and enter them into the BiggerPockets analysis tool. However, when I attempted getting quotes the insurance premiums are nea...
Installment #4 - Insurance Issues For the Real Estate Investor Deductibles:This is an area of much debate and confusion so let's clarify some things.Simply stated, the higher your deductible, the lower your premium. I...
Hello, curious to ask if I should create an LLC before I purchase a real estate property. I will most likely either buy a house hack, small multifamily, or partner deal with my first purchase. I understand that banks ...
Good evening all, I hope all is well. I wanted to reach out to the note investors out there. I am not interested in buying this note right now, but I am trying to understand how to underwrite notes in a whole. I want...
We are needing advice or recommendations on reliable lenders for small multi plex units (duplex, triplex, quads) in Illinois. Thank you.
Hi all,a little off-topic but I think it is an important matter.So, the bank asks you to have Life Insurance to protect itself. It can be either your own or you can pay extra for your monthly mortgage payments.I happe...