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All Forum Posts by: Jarrod B.

Jarrod B. has started 15 posts and replied 31 times.

Dana, i just paid 3k to replace my unit. You were spot on my friend, thanks for the post.

Post: Financial Analysis of Future Cash Flows

Jarrod B.Posted
  • Investor
  • Jupiter, FL
  • Posts 31
  • Votes 4

Hey all,

I'm in the process of putting together a future cash flow projection on my investment properties and am up in arms in regards to what annual increases I should plug in for Taxes/Insurance/HOA and rent increases. It seems like these numbers are quite arbitrary and common sense tells me that they should increase with the rate of inflation (I just plug in 3% even though I believe it's closer to 2% currently). So I guess my question is, how or what do you all use for annual increases for Taxes/Insurance/HOA and rent increases.

I currently am using 3% for Taxes/Insurance/HOA increases and 1.5% for annual rent increases. This is a conservative measure in my opinion, but conservative is good. Thanks for your help.

Post: Adding AC to a house... cost?

Jarrod B.Posted
  • Investor
  • Jupiter, FL
  • Posts 31
  • Votes 4

@David Sanford - No, that just was them replacing the unit.  The Duct work was already in place.  I'm not sure what the duct work would run...

Post: Adding AC to a house... cost?

Jarrod B.Posted
  • Investor
  • Jupiter, FL
  • Posts 31
  • Votes 4

I just replaced my AC with a 2.5 ton 14 SEER Ameristar and spent 3k for the replacement.  This is for a 1200 sq ft condo in Jupiter, FL.

This would be a replacement. The duct work is fine do it's pretty much the system that I would be replacing. The condo was built in 2001.
Hey everyone, i need some help. I need to replace my A/C unit and was womdering if anyone has an idea of what i should pay to have a 2.5 ton 14 SEER Ameristar installed in a condo. The main unit would be on the ground level, not the roof. I am located in Jupiter, FL. Any help would be greatly appreciated...

Post: Trump's Tax Policy and Purchase Timing

Jarrod B.Posted
  • Investor
  • Jupiter, FL
  • Posts 31
  • Votes 4
I wanted to get everyone's thoughts on the potential threats of a Trump presidency when it comes to the real estate market. I have seen other forums mention how he may end mortgage interest write offs as well as the possible end to 1031 exchanges. My question is, why would anyone want to be exposed to these possible threats and transact in the real estate market before all of these things are sorted out? Both measures would have a profound negative impact on the real estate market. That combined with rising rates kind of mkes me want to hang on to my cash with a tighter grip. Am i wrong for thinking this way? I guess good deals could always be found, but maybe it makes sense to sit tight for a while til the Trump train sorts out his tax policy...thoughts?

Post: Zillow's Rent Estimator

Jarrod B.Posted
  • Investor
  • Jupiter, FL
  • Posts 31
  • Votes 4
With my rentals, i just use the MLS. They post what is active, pending, and what is closed. That tells you exactly what the market is. Rentometer is so basic and doesn't take all the dynamics into account. Zillow is kind of hit or miss, but the best way 100% is by use of the MLS. Without it, you're not playing on the same level as everyone else. IMO

Post: Mortgage interest deduction on Trump’s chopping block

Jarrod B.Posted
  • Investor
  • Jupiter, FL
  • Posts 31
  • Votes 4

I read that by eliminating or reducing the mortgage interest deduction that it would have a negative impact on the housing market, by approximately 6.9%.  Any thoughts on this?

http://www.businessinsider.com/homeowners-are-going-to-get-hosed-by-the-republicans-tax-plan-2017-1

Post: Homeowner's Insurance Jupiter, FL

Jarrod B.Posted
  • Investor
  • Jupiter, FL
  • Posts 31
  • Votes 4

Awesome, thanks for the reply James!