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14 June 2024 | 17 replies
I read their terms and understood the costs before signing, I will still be pocketing a few hundred for cap-x costs.I also should have provided more context in my original post, I am moving out of the state where this rental will be.
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12 June 2024 | 23 replies
On paper cap rate looks good and I've heard there's a hot rental market, but not sure about in practice and what quality of tenants we could expect.
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12 June 2024 | 7 replies
A professional service should be able to extract the birds and cap the vent end to prevent further intrusion.
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12 June 2024 | 14 replies
Tillamook county - Has several specific regions each with CAP's on rentals.
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13 June 2024 | 29 replies
Also look at property tax rates, how often properties are re-assessed and if there's a cap on property tax increases.
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12 June 2024 | 7 replies
Are all of your current properties performing at their best without any potential cap ex coming?
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12 June 2024 | 9 replies
Reserve funds should handle a major cap x like a roof, plus money to pay the bills while the work is being done as a tenant likely won’t be paying during this time.
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11 June 2024 | 1 reply
By comparing NOI, cash flow, cap rate, etc.Does anybody have an idea, which website it could be?
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12 June 2024 | 8 replies
I have been offered an exclusive Deal by a local "friend"/ semi-mentor in my small town. 8 standard 2/1 apartments - Quad, duplex, duplex, 1970 Dated buildings, little neglected but liveableOwner finance: 20yr 6%rate with 20k down------------------------------------------------Total purchase 400KCurrent NOI: 41k Cap: 10 (Tax,Ins,Maint, Util)Gross rent 4500/mth-----------------------------------------------Upgrade, Est repairs: 60k After reno: NOI: 59K Gross rent: 6100------------------------------------------------Loan pmt: 2865/mth, 34k/yrCurrent Cash flow: 531/mth, 6,378/yrAfter reno Cash Flow: 2131/mth, 25,578/Yr-------------------------------------------------Added info- -Property line Joins with (growing) Community college-Tiny town-The Buildings are Currently "uglyish".- Current Rent is 150$- $200 behind market avg.I am very comfortable in single family homes in this town (own 18 SFH rented and performing well).
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11 June 2024 | 12 replies
Those numbers were something that many of us were able to pull off pre-pandemic, but it is much harder to do so now.Also, keep in mind that the “cheap houses” in the beginning can end up wiping out your cash flow with a major Cap Ex or maintenance expense.