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2 December 2016 | 4 replies
Hey Sam 1) Yes Orlando is a great place to invest, however multi-famlies do not really exist here, single families is the bread & butter for cash flow properties in Central FL2) Orlando, Sanford, Kissimmee, Apopka, Winter Garden, etc are all good areas for cash flow.
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7 November 2016 | 11 replies
Account Closed There are 2 units in each of these buildings with "in-law" garden units.
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4 November 2016 | 0 replies
I’ve done two sets of calculations, first set is assuming I pay the asking price and leave rents at $600 Asking Price $144,000 Rehab $10,000 Closing costs – tax & insurance = $4905 Down payment $39750Potential gross rent $1200/mo $14400/yrExpenses: Taxes $1259/yr Insurance $1000/yr Garden upkeep $600/yr Vacancies 5% $720/yr CapEx 5% $720/yr Repairs 5% $720Expenses $5019/yr $418/moMortgage to include: asking price + rehab + closing costs = $159000 ($604/mo)Total expenses = $1022/moCash flow = $1200-$1022 = $178/mo ($2136/yr)Cash on cash ROI = $2136/$39750 = 5.4%This below calculation assumes I pay $120000, and increase rents just a little to $700/mo.Asking Price $120,000 Rehab $10,000 Closing costs – tax & insurance = $4905 Down payment $33750Potential gross rent $1400/mo $16800/yrExpenses: Taxes $1259/yr Insurance $1000/yr Garden upkeep $600/yr Vacancies 5% $840/yr CapEx 5% $840/yr Repairs 5% $840Expenses $5379/yr $448/moMortgage to include: asking price + rehab + closing costs = $135000 ($513/mo)Total expenses = $961/moCash flow = $1400-$961 = $439/mo ($5268/yr)Cash on cash ROI = $5268/$33750 = 15.6%Some questions I have in general, is 5% enough for repairs?
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8 November 2016 | 0 replies
The previous investor did a ton of work to the building and after seeing many that are available right now in other neighborhoods, my contractor said this one was done correctly and is the best so far hands down. 2-flat with possibility of creating a garden unit for even more income.Cash on Cash ROI is 16.05% with 10% allocated to property management.Cashflow: $747.45/month while overestimating all of the variable/fixed landlord expensesMy big question is: Is it worth the headache?
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5 April 2017 | 0 replies
I'm looking for a gardener and an electrician in Los Angeles for my four-plex.
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24 May 2017 | 17 replies
My hobbies change with embarrassing frequency, with gardening being my current obsession.
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7 April 2017 | 15 replies
It shows off your garden at night, silhouettes your trees, keeps everyone safe from tripping and keeps burglars away.Smart backyard tipsMake a five-year planEverything doesn’t have to happen all at once.
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1 January 2018 | 94 replies
Only 155k great place to start a bed and Breakfast camping could build a pond for fishing community garden raise animals store boats and trucks.
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13 April 2017 | 29 replies
It's only 90 miles away from our home, but we live at 8,000 ft elev with long winters, short summers, and this home actually allows me to have a garden and a long summer, so it's ok.
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9 April 2017 | 6 replies
Just some ideas for low/ no maintenance shrubs when you are shopping at the garden store...