
27 September 2021 | 6 replies
Income.Cash Flow.Rental Income$4,100.00.Total Monthly Income$4,100.00Laundry Income.Total Monthly Expenses$2,755.00Storage Income.Misc IncomeTotal Monthly Cashflow$1,345.00..Total Monthly Income$4,100.00.Total Annual Cash Flow$16,140.00Expenses.Cash on Cash Return.Taxes$290.00.Down Payment & closing$26,250.00Insurance$75.00.OtherWater/Sewer$60.00.Rehab Budget$160,250.00Garbage$45.00.Misc OtherElectric$80.00.Gas.Total Investment$186,500.00Supplies$25.00.Lawn/Snow$50.00.Vacancy$0.00.Annual Cash Flow8.65%Repairs$100.00.Total InvestmentCapEx$50.00.Prop.
6 October 2021 | 13 replies
I managed my own properties for 3 years before becoming long distance invester.Door lock change out - $245Adjusted supply air to move towards the room - $246Garage service door repair - $245 (no details of what repair)Bagged and hauled away wood from trees - $175 (on a property with no tree or wood around)Gas oven, gas leak adjusted and tightened line - $248In addition routinely charging me for grass cutting and snow cleaning when leases clearly say tenants are responsible.

28 September 2021 | 23 replies
Personally, at first glance, I would not take on this project because the exterior, alone, looks like a nightmare of work and cash output and I can't see the condition of the eves, other wood trim, roof nor whether there is a basement that has moisture or water from the melting snow and maybe the basement alone needs serious work and cash to make the house is a condition where someone will purchase it from you.

29 September 2021 | 6 replies
What about snow removal and lawn maintenance?

27 September 2021 | 1 reply
A few of mine include:Draining outside hoses, and bowling out any irrigationTesting sump pump and removing/draining any hose extensionsCleaning out gutters to avoid ice damsThermostat upgrade to a smart thermostat to conserve energyFurnace cleaning & check upFriendly reminder to tenants on snow removal responsibility :) What's on your list?
2 October 2021 | 11 replies
A lot of lake/cabin type of areas are also close to snow mobiling, skiing, ice fishing, etc.Either way, I would definitely recommend putting a small heater in the crawl space where you are worried.

29 September 2021 | 2 replies
I previously wholesaled the single family but have rented it for years sub-market but the owner wants it back to sell and its in the $400's now.

30 September 2021 | 4 replies
Not sure on exact %, but from a use perspective, I'm in the Minnesota, so not having it paved would be a wreck once snow falls.

28 September 2021 | 2 replies
Turns out they got stuck in a snow-storm on the freeway up north by Flagstaff.

6 October 2021 | 5 replies
Also with a duplex, you may need to hire someone for lawn maintenance, snow removal and garbage pick up.