So i own a rental, in the mid-west, for about a year now and trying to do a cash out refi using only the income from the property, $2000 per month, and not any personal income. Home was purchased for cash in an LLC. ...
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I currently budget 20% of the rent to capex and maintenance, 10% to vacancy, and target a 10% cocroi calculated as Total rent less mortgage payment, vacancy, utilities, maintenance and capex devided by down payment an...
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Hello,
I'm currently attempting my first time eviction with a tenant who is currently a couple months behind. I've served them a 5 day last month and they paid one months rent but nothing since. I'm looking at how se...
I posted my single family rental on Zillow, I know it is harder to get tenants in the Winter around the Holiday time, but is that a reason to lower your monthly rent price? During peak season, should I be aiming highe...
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Please note:this same post was made twice with different titles. I attempted to delete the other one but couldn't.These numbers are bigger than I'm used to for a single family home,
and so I'm looking for some advi...
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I just want to be sure I'm using the 50% rule correctly.
I'm looking at a property, I estimate the property will produce $650 per month in rent.
So the 50% rule assumes that expenses such as maintenance and vacancy ...
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Hi all. I close on my my first SFH investment for $235k on Friday. I put 20% down and my PMI will be $1635. I have a long term renter lined up in a guy that has worked for me for several years. I’ve seen how we...
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Hello to all out there. I have already asked a couple of silly questions yesterday so i thought i'd continue today with more. Anyways, i've been reading alot about this 50%, 2% Rule over and over but due to my la...
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I'm looking for advice or at least encouragement. Here is the deal.Back in March 2008, I was very eager to purchase a home. I went ahead with a deal to buy a house at a premium price with the intention that later on d...
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Hello hello! I think this is a pretty straight forward question:I’m looking to buy a condo in a managed building in New Jersey, which is currently occupied by a tenant whose lease expires in April.-Must they remain in...