William Ware
My first two deals in the Motor City
17 July 2009 | 7 replies
I would like to get your feedback and ask a few questions about my first two deals..in metro Detroit.
Deal #1
2/2.5 townhouse with 1550'
1 car garage
Built in 2005
Sold new $140,000
Paid $50,000 cash
HOA $130
Painted...
Robert Norman
Some newbie questions
31 December 2011 | 14 replies
There are holes in the sheetrock and ceiling, some doors have been broken, the AC condensor, blower motor, and breaker box all stripped bare so obviously I don't want to jump in with a significant balance outstanding on the house.What I have been able to determine: the previous owner had been there 15 years and I'm guessing I will owe most or all of the 2011 taxes (about $2.5 K)My rehab estimates are around $12K, taxable value is at 70K (with homestead exepmtion), recent flips (same nighborhood) have sold for 80-90K.
Juan Rubio
Should I trust the sellers agent that his comps are correct?
10 February 2018 | 20 replies
If they tell you that you need a new motor, and show you the data breakdown of when each piston fully compresses and the PSI, will you know how to interpret that data or will simply feel more justified in replacing your motor for $8k?
Jon Mccarthy
Not sure
5 April 2015 | 10 replies
I did have to replace a car after a major motor fail.
Marty Happle
House on a lake in NJ
25 October 2013 | 4 replies
It is one of the only lakes in the state that full size motor boats can go on.
Pratik P.
Anyone using TLO, LexisNexus, or Tracers?
12 July 2019 | 5 replies
we used Lexus in our lending business.. mainly for fraud detection.. although at least for the product we had .you needed a brick and motor and you needed to be a licensed lender.. and I think licensed PI's can get it as well.It did not seem you could just come in off the street and get the subscription. at least the product we had.
Mark Kohn
Noob question: Ok to buy negative cash flow but build equity?
2 May 2023 | 24 replies
They should be extra motors on your boat!
Angela Jossy
I am looking at a houseboat as my first investment
28 March 2019 | 42 replies
The motors were expensive to maintain and while someone might want to live on it, it's very small.
Frank Mwaisaka
When do I tell tenant they dont control the thermostat
18 October 2020 | 34 replies
One of the units will be paying to run the furnace motor.
Brad Carrier
10 Unit Apartment
5 October 2015 | 10 replies
.$ 25 Grass/Snow34 Trash Pickup376 Heat Bill Total Both Buildings (Averaged over 12 months)75 Electric Total Both Building (outside lighting, furnace motors, sumps averaged over 12 months)539 Water Bill65 Insurance ($100K Liability Policy Only, Auto Owners)300 Taxes250 Cleaning/Maintenance/Repair$1664 Total Reoccurring ExpensesCurrent Monthly Income From 10 units $3950 @ $395 per month per unitDifference Between Monthly Income and Reoccurring Expenses: $3950 – 1664 = $2286 netHe included a tax bill from 2013 that has the tax assessment listed as $56,000.