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6 March 2018 | 0 replies
(with 3 electric meters, 3 gas meters etc etc)Property is empty and is corporate owned per MLS description.
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6 March 2018 | 5 replies
Upper main roof first half replaced 8 years ago, second half replaced last year, and lower roof was replaced last month.4 Separate Crown Aruba Gas Boilers, regularly serviced and approximately 20 years old. 4 Separate Gas hot water heater (ages vary)Washer Dryer hookups available in basement for coin laundry for additional incomeExterior painted two years agoShingle sidingProperty just passed state inspectionReplacement energy efficient windowsPurchase Price: $210kAppraised Value: $285kProperty Type: Quadplex/Turnkey tenants in placeArea: BUnits: 1-3BR, 3-1BRRental Income: $3365 Per Month / $40,380 per year (rents can be raised 5% upon lease renewals)Utilities: Separately metered, each tenant pays their own gas and electricHouse Utilities: Common area utilities are about $20.00 per monthWater/Sewer: Landlord pays $1500 per yearProperty Taxes: $7855 per yearInsurance: $2500 per yearLandscaping/Snow removal: $1221.00Vacancy: ???
11 March 2018 | 6 replies
But I'd like to run the numbers in the scenario as I move out after 2 years living there to check the cashflow- Financing: owner occupied conventional loan - Downpayment: 5% - Interest rate: 4% - Loan period: 30 years (fixed) - Vacancy of 5%, Repairs of 5%, Capex of 5%, and PM of 10% - I assume I can get 10% discount based on how long it's been on the market (purchase price of $719,100) - I used Realtor.com from the link and based on purchase price of $719,100 it gives me prop tax of $749- I relied on the listing agent data of $92 per month for home insurance - I relied on the listing agent data of $112.50 per month for water, $112.50 for sewage, $95 for garbage, and $60 for lawn care (assuming the tenants pay for their own electricity and gas) - I left PMI to be 0 since I do not know how to calculate this Result: Based on assumptions and MLS listing, this property cashflow -$1,280.00 (aka, a horrible investment).
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9 March 2018 | 29 replies
We have two of everything as a backup like you, extra washers, dryers (gas and electric), stoves (gas and electric), refrigerators, dishwashers, sofa beds, modems, televisions and repair parts for all the previous items.We don't charge a cleaning fee because most of our tenants leave them fairly clean.
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8 March 2018 | 5 replies
Generally, fewer buildings will likely be less expensive - especially for water, power, gas, ISP hookups.
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7 March 2018 | 0 replies
2) This building is being heated by 1 big gas boiler and is relatively new.
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9 March 2018 | 3 replies
In other words, my income on my pay stub is not a whole lot, but the total value of the room and board (I pay for nothing else out of pocket - gas for my car, utilities, internet, groceries, and so on) is valued at much more.
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3 August 2018 | 9 replies
They did, and wind up having no money to pay for electric, gas, water etc. and special assessments had to be made to pay these utilities before they are cut off.Financially, I think it's better that this repair be made out of your own pocket, at the time of your choosing, if there's nothing wrong with it right now.
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14 May 2018 | 0 replies
I understand that I have to crunch the numbers to make sure they work for when I rent out the property (most homes in my area rent for around 550-700 excluding electric and gas) .
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4 June 2018 | 10 replies
Its a oil and gas/fishing economy which somewhat makes me nervous.