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12 September 2021 | 0 replies
The current value of the home is now 290,000 (2021); When I have finished the new kitchen and bathroom components, I believe it will appraise between 360k - 410k, depending on timeframe.
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13 September 2021 | 0 replies
Did you find it difficult to analyze properties, understand the loan options available, organize the renovation process, or perhaps master the property management component.
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13 September 2021 | 0 replies
Did you find it difficult to analyze properties, understand the loan options available, organize the renovation process, or perhaps master the property management component.
15 September 2021 | 3 replies
Built-in Roth components, spousal contributions, and an additional tax exemption also apply to the Solo 401k.
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4 October 2021 | 9 replies
If a sponsor will not allow you to talk to existing investors, that should be a red flag to you.Also, one of the most often overlooked components of a syndication is the reporting.
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15 September 2021 | 2 replies
Other homes would be expected to be in the $70,000 - $100,000 range for these same components with the balance of the mortgage held by a bank.Below are actual revenue, expense, and NOI numbers for this home which we would use as a model for further acquisitions.Property Management is high, it costs a bit to manage the placement of multiple tenants, handling of disputes, and collection of rents as well as mange the cleaners, landscapers, and handymen.The 2.5% for maintenance, and 5% for capital expenses would be variable but should not be much higher than 5%.
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15 September 2021 | 4 replies
One of the key components in the B of the BRRRR is buying a deal at a discount.
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17 September 2021 | 6 replies
Estoppel Certificate - will become a critical component of deals moving forwardWas planning a buy and hold, then a BRRRR, will likely become a hybrid of sorts IF the deal closes Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
17 September 2021 | 5 replies
The more units under one roof, the more efficient the cost of salting is, as you will pay the same cost for the sidewalks whether 3 people walk on it or 30 people.I am not debating whether or not to plow or shovel the snow, only the salting component.
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18 September 2021 | 1 reply
Also, some NYC primarily residential co-ops with some retail space were able to sell the retail component as condominiums.To clarify for those unfamiliar with the concept, a residential cooperative is a legal situation where a specific type of corporate entity owns a residential building with 2 or more, usually many more individual apartments.