14 October 2021 | 0 replies
The way I have learn to determine what rent should be charged for your home is 1 of 2 ways.- 10% minimum of purchase price annually + property taxes (treated as a cap rate on a business)- 15 year monthly mortgage rate + property taxes Any opinions where I should start, or how I can determine what would be good for myself and my wife to start in would be greatly appreciated.
15 October 2021 | 4 replies
Both Zillow and Apartments only charge $29 for credit report and background check.
16 October 2021 | 8 replies
Typically, they will charge 1% of the loan amount.Do you own properties in multiple states?
15 October 2021 | 1 reply
They don't charge you a fee until you've failed the inspection a second time; so it seems like the play for efficiency is to not waste time out there and if you do get flagged you go back separately and fix the issue(s)?
23 October 2021 | 8 replies
Just unsure of what to charge.
3 November 2021 | 3 replies
So, Here are My Top Tips for Fix n Flippers When it Comes to Rehab Below:- PLAN YOUR SCOPE OF WORK AND REHAB BUDGET WITH DETAIL- FORECAST PROJECTED BUDGET AS ACCURATE AS POSSIBLE- USE A REHAB BUDGET TEMPLATE PROVIDED BY THE LENDER RATHER THAN MAKING IT SO YOU DON'T FORGET ANYTHING- HAVE 25% OF YOUR REHAB BUDGET AVAILABLE IN LIQUID FUNDS - DRAW OR DESIGN SKETCHES OF BEFORE AND AFTER REHAB -- ASK YOUR LENDER FOR HELP IF YOU NEED :)- ASK YOUR LENDER IF THEY OPERATE ON A DRAW PROCESS OR NOT- ASK YOUR LENDER IF THEY CHARGE INTEREST ON UNDRAWN FUNDS- ALWAYS OVERESTIMATE YOUR REHAB BID -- EASIER TO GET REIMBURSED RATHER THAN ASKING FOR MOER FUNDS (KEEP IN MIND YOUR RESERVES THOUGH WITH A HIGHER REHAB AMNT)What are some of your best practices when it comes to working with a Lender as a Fix n Flipper?
31 October 2021 | 8 replies
I then re calculated the numbers for a short term rental and charging $150 a night fee with 50% monthly occupancy and all utilities being paid (est.300/mo), plus the $1,080/mo to the owner, plus the airbnb website fee of 3%/yr/mo (if I listed it on there), my half of the annual property taxes and insurance to the owner of $3,600/yr, plus $150/mo for cable and no management fees as I will be self managing.
15 October 2021 | 8 replies
The returns of your capital and time can get clobbered by fees and misc charges on these small deals.
29 October 2021 | 36 replies
They normally charge on a per trip basis which depends on the weather.
18 October 2021 | 30 replies
I have a friend that doesn't charge enough rent in their rentals, no increases in years!