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23 September 2014 | 7 replies
I have asked an almost identical question before and have had the same concern.I guess I just decided that "it is what it is" and I won't make it overly obvious that I'm writing the blog.
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2 March 2017 | 7 replies
If it is identical to the rented side it is easy to figure.
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11 March 2017 | 32 replies
It means no background or credit check and it is possible you are renting to someone with a totally false identity.
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27 May 2017 | 5 replies
Comps are hard to come by - there is a sale for 60k, & another for 90k in 2014 for identical units on the same street, and a 2016 sale for same type of duplex at 130k on the same street so the price is reasonable especially for the market in 2017 for the area.
3 March 2017 | 1 reply
When valuing commercial (multifamily) the formula is similar, but not identical to looking at single family.
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5 March 2017 | 6 replies
Please do not disclose anyone's personal identity.
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9 March 2017 | 29 replies
do you find it strange that year to year expenses are identical down to the last dollar though the inputs swung significantly year to year on some items?
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11 March 2017 | 6 replies
As you probably guessed, the result is nearly identical: you end up with about $250K in 30 years.
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10 March 2017 | 10 replies
But, truthfully, if you bought in Brooklyn and live in one half of a duplex, you'd still be subject to some CG because you rented the other half - they're two living spaces, so the portion of the your profit attributable to the rental space (half, assuming both sides are identical) would still be subject to CG.
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12 February 2017 | 15 replies
The houses are identical expect for the fact that ours is a lot nicer and completely rehabbed.Here are the numbers:Purchase price: $160,000Mortgage: $1030 (taxes and insurance included)Proposed rent: $1,500Property management fees (10%): $150Cash Flow: $320 (max) - The house was completely rehabbed when we bought it so there should not be any major expenses, but I would still plan on setting aside at least $150 for small expenses/vacancies.My thought is this: Even if I broke even or made a hundred bucks or so a month, its better than taking a $10,000 hit, right?