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7 December 2024 | 1 reply
The system must be large enough to meet the building's annual electricity usage.
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12 December 2024 | 2 replies
Accounting System with "Control" ChecksSoftware to manage revenues, expenses, payroll, and taxes, etc., and ability to verify receipts and transactions (the verification is done by upper management to check and validate the revenues and expenses)4.
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5 December 2024 | 4 replies
It's crucial to evaluate how the deal performs with the new mortgage:Updated Financials After Refinancing: Market Value: $459,000 Mortgage Amount (80% LTV): $367,200 Equity: $91,800 Interest Rate: 5% (30-Year Amortization) Assuming after 12months the rate will drop to 5%Monthly Expenses: Mortgage Payment (5% Interest): $1,971 (Now you are paying interest and principals) Property Tax: $260 (assuming has been increased with a 4% from last year) Utilities: $361 Insurance: $104 (+4% Adjustment) Vacancy: $166 (now after 12 months we can assume we have some vacancy at 5% factor on annual rent) Repairs & Maintenance: $166 (now after 12 months we can assume we have repairs at 5% factor on annual rent) Total Monthly Expenses: $3,028Rent Income after 12 months assuming annual rent increase at 5% : $3,323Cash Flow: $295$ per month 😊Long-Term Gains: $5,418 Principal Paydown year 2 (this will increase each as you pay off your mortgage $36,720 Property Appreciation (assuming 8% per year) $3,540 Cash Flow (this will increase as rents rise)Total Annual Return on Investment: $45,678 with just $ $22,789 remaining in the deal.
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9 December 2024 | 4 replies
You may be able to get a levy against their bank account or file a wage garnishment without the need for going to collections.
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9 December 2024 | 12 replies
If you cancel your account all your data will be lost.
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10 December 2024 | 39 replies
Further, we need to account for a $10k “reserve” for what will be repairs / maintenance as the property ages.
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5 December 2024 | 18 replies
I also want to say that if you’re marketing to traveling nurses, the key things they want are 1) black out curtains; 2) quiet, and 3) to bring their little doggies (so he pet-friendly.Another tip is when using Furnished Finders (which is a $99 annual fee per listing) if you have a multifamily, just get one FF account per address, and then as each unit becomes vacant, just change the pictures and listing copy.
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12 December 2024 | 6 replies
However a lawyer and accountant may be best to consult there much smarter then myself
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8 December 2024 | 8 replies
Is it just as simple as entering your account information in their mortgage payment portal and making sure the payment comes from your account?
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9 December 2024 | 98 replies
It appears bitcoin is like the savings account and litecoin is like the checking account for crypto?