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19 February 2018 | 1 reply
forced appreciation is an artificial increase in value realized when the property is sold; there are a number of things you can do to improve the property, new appliances and services for tenants, obtain an upgraded appraisal, increase rents, upgrade tenants, and coin service laundry machines.
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25 February 2018 | 6 replies
It's only responsible for snow removal and lawn maintenance.
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19 February 2018 | 1 reply
You may also need lawn care, water etc depending on the market
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6 March 2018 | 19 replies
My criteria for buying are at least a 10% CoC return, and $100/month or more in net cash flow PER door (hopefully closer to $200/door).List Price: $179,900Down Payment: $44,975 (25% down, assuming I buy at list price)Repair Estimate: $5,000Closing Costs: $2,500TOTAL CASH IN: $52,475Loan Amount: $134,925Loan Terms: 5.25% fixed rate, 30-year mortgageMonthly P&I: $745Monthly Rents: $2,000 ($1,000 per side)Vacancy Loss: $100/month (I estimate 5 - 8% on multi-family properties, depending on how popular the area is).TOTAL MONTHLY INCOME: $1,900 ($2,000 - $100 in vacancy)Taxes: $154/month (you can usually find the actual tax amount paid for the previous year on your city's website)Insurance: $100/month (ask other investors in your area what they pay, or for recommended agents who can give you quotes)Water/Trash: $80/month (this is typically paid by the landlord in my area)Sewer: $50/month (also typically paid by the landlord in my area)Lawn/Exterior Maintenance: $75/month (my property management company offers this service)Maintenance: $100/month (people budget anywhere from 2 - 10% for this... if it's a well updated and maintained property in an area that attract responsible tenants, I budget on the low side)Property Management: $100/month (usually 8 - 10%, but you can find PM companies that do it for less... just make sure they're good at what they do!).
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22 February 2018 | 6 replies
& Regs. 1320-4-5-.16]: + Medical and allied health services, except services of persons making dentures and artificial teeth. + Religious, charitable, legal, educational, domestic, accounting services, architecture, engineering, surveying, and veterinary services. + Services rendered by nonprofit membership organizations for the promotion of the interest of the members. + Nonprofit educational and research agencies. + Public utilities as defined under Tenn.
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21 February 2018 | 5 replies
I was parked in front of this really beaten up house (no shutters, poorly maintained lawn) when a car pulled up behind me.
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23 February 2018 | 40 replies
Then I'd yell at you to get off my lawn...
3 March 2018 | 5 replies
I also figured if I get the right tenant I can negotiate lower rent for certain things like lawn care and such but again these are just thoughts running through my head at the moment.
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2 March 2018 | 14 replies
@Helena Chen - I'm really not sure what your options are unless you want to park the dumpster in your lawn.
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7 March 2018 | 11 replies
In assessing the use of equity you must also understand that due to the opportunity value of cash buying cash flow with equity to create artificial cash flow is extremely expensive.