30 July 2013 | 9 replies
Williamsburg rents $775. leased 12/1/20123. separate utilities4. utilities paid by tenant5. unsure (I asked how old the roof was)6. both have been partially or totally replaced in the last year (HVAC system)7. hot water heater dishwasher (new replacements)8. none known (serious issues)9.
30 July 2013 | 34 replies
.+ den can be used for office+ the family room was a bedroom before with closet- no garage, two car carport- split level, the living room is downstairs- no formal dining room- location is far from public schools but close to a few private schoolsBTW, total available houses for rent on the market is 9 as of today. 6 are 3 bedroom house and they are all listed with higher $/sqft.
1 August 2013 | 10 replies
Also, don't rely on zestimates for ARV.
26 July 2013 | 23 replies
For years, the U.S. government has been adding to its debt with absolutely no exist plan or any basis of the results.One of the U.S. largest financial supporters is now experiencing its own financial challenges - China.Four of the most concerns to me, 1) too many people are already forgetting the lessons learned about too much debt and the results; 2) the growing number of people who rely on taxpayer assistance; 3) the cost of living is escalating while buying power has been on a steady decline for more than a decade; and 4) the number of people in the workforce is at 1990s levels.Another major concern is affordable housing.
26 July 2013 | 7 replies
Here's what I know now:1924 Triplex, total rents of $1935/monthAsking $199k, $40k down, $1335/month seller financeThis guy needs to sell it quick, should I be asking for a lower down payment, lower monthly payment, lower sales price?
26 July 2013 | 4 replies
If you find a guy with 20 properties you will find multiple banks loaning the investor money because most of the small banks limit outstanding loans or cap the total outstanding loan amounts.
25 July 2013 | 4 replies
Rehab costs = $30k - $40k (total reno) home can be livable for $10k - $15k.
26 July 2013 | 15 replies
Paying all cash will get you cash flow equal to half the rent.Cash on cash = annual cash flow / total cash investedThis can often be higher with some leverage than paying all cash.If you manage yourself, I think you can cut the 50% number down to about 36%.