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Results (10,000+)
Michael Nolan Strategy/gameplan for new investor
14 September 2021 | 5 replies
Reasoning for this strategy would be to utilize the 3.5% and keep other money for next move after that.Other plan Im considering is buying either a multifamily nearby using a 20% down payment, or an out of state investment property with 20% down.
Chris Trupiano Monetizing Seller Referrals Without a License
9 September 2021 | 5 replies
Is it possible to have a licensed relator become an "employee" of the company and utilize their license to give the company the ability to receive commission splits? 
Genny Li I just had a tenant ask about changing a burnt-out light bulb...
16 September 2021 | 55 replies
Today they had TWO issues.1) The boys couldn't read their utility bill!
Varun M. Pulling out equity from primary residence
4 March 2022 | 10 replies
If you max it out your debt utilization rate shoots up to 100% on that line of credit which can cause the credit agencies to lower your score quite substantially.
Dustin Lee Cotliar Newbie's first deal -- advice wanted on how to finance
11 September 2021 | 3 replies
- airDNA forecast increasing, >$550/night by 2021)Short term Rental Fees:-Property Mgmt (20% of revenue)= $1900.00 -Local tax (13% of revenue) = $1235.00General fees:-Mortgage Principal+Int: $1578-Insurance(monthly): $160-Property tax(monthly): $317-PMI: $200 -HOA: $0-Maintenance: $500/month -Utilities/electric: $250-Utilities/grass: $150-Utilities/water: $100 -Utilities/Internet: $70 -Cap Ex (saving 5% of revenue): $475-Vacancy (Saving 5% of revenue): $475——————Total: $7410$9500-7410$ = $2090 cash flow/month on average ——More traditional rental, eg month-to-month: 4 months per yearRental IncomeUnit 1-(3 bd/1ba): $2500/mo Unit 2- (1 bd/1ba): $1100/moUnit 3- (1bd/1ba): $1000/moTotal: $4600/monthGeneral fees:-Mortgage Principal: $1578-Insurance(monthly): $160-Property Mgmt (10% of revenue)= $460-Property tax(monthly): $317-PMI: $200 -HOA: $0-Maintenance: $500/month -Cap Ex (saving 2.5% of revenue): $ 122.5-Vacancy (Saving 2.5% of revenue): $ 122.5Total: $3460/month$4600-3460= $1140/month in cashflow on average
Branden Kline Paying Utilities In Duplex
11 September 2021 | 3 replies
Looking at a duplex where the current owner pays utilities simply because there is no si meter for water or electric.If I were to try and sub meter it, how much would that cost?
Miles Thompson Advice to help calculate investment opportunity
14 September 2021 | 22 replies
@Miles Thompson When we have done major renovations like this, we utilize construction mortgages through our mortgage brokers which give us the funds to perform thw ork in draws.
Ryan Arsenault Questions to be asking...
3 November 2021 | 6 replies
As far as questions you can get a pretty good picture from:1) are utilities all separated?  
Ross Aveila Financing options for STR
15 September 2021 | 6 replies
Is that something folks here utilize to fund their short term rentals?
Mac Boeve Tenant is domestic abuse victim in Michigan house-hack
13 September 2021 | 13 replies
But if not, or if my tenant keeps bringing him over, I'll need to get them both out asap.A few extra details:- This is an inherited tenant on a month to month lease- The abuser was living with the victim but was not on the lease- Abuse happened on the property, victim was hospitalized, and abuser was arrested- Tenant is section 8Any advice would be greatly appreciated.From the outside looking in, it seems that you'd put your family in more danger if you start interacting with this person you view as dangerous and telling them you don't want them around.