William Taylor
[Calc Review] Help me analyze this duplex in Michigan - are these numbers correct?
12 January 2025 | 12 replies
Principal Paydown: $2,441 Total Gain: $58,317 ROI: 360.32% (on $16,185 upfront investment: 3.5% down payment of $8,715 + 3% closing costs of $7,470).Year 2 Analysis Cash Flow: -$752 Home Appreciation: $6,120 Principal Paydown: $2,617 Total Gain: $7,985 ROI: 49.34%.Year 3 Analysis Cash Flow: -$375 Home Appreciation: $6,242 Principal Paydown: $2,806 Total Gain: $8,674 ROI: 53.59%.Year 4 Analysis Cash Flow: $9 Home Appreciation: $6,367 Principal Paydown: $3,009 Total Gain: $9,386 ROI: 57.99%.Based on these numbers, you’d have negative cash flow for the first three years and only break even in Year 4, assuming a 2.5% annual rent increase.Adjusted Scenario see second picture: Landlord Covers Gas and WaterIn the second scenario, I assumed the landlord would pay for gas and water at $300/month while maintaining the same 2% home appreciation rate.
Christina Hall
Best skip tracing website?
29 January 2025 | 40 replies
Software return people with specific attributes, be it foreclosure, whether they bought houses in cash before, whther or not they have dealt with a water shut-off list.
Ed Lopez
Excessive "Make Ready" Costs from Property Manager
21 January 2025 | 35 replies
Fill water tub with water a couple minutes( good time to tighten down toilet bolts and caps) caulk tub five minutes.
Ashley Shearer
Property Mgmt - First Right of Refusal Program for Maintenance?
17 January 2025 | 3 replies
For example we replaced a water heater recently.
Kate Zieverink McMinn
New to ADU - Checklist or Cheat Sheet?
17 January 2025 | 6 replies
Utilities are OFTEN overlooked so reach out to power, telecom, gas (or go all electric), water, and sewer to make sure you understand what it would take to get separately metered services from the primary house.
James R.
I really dislike Airbnb. Anyone else?
26 January 2025 | 21 replies
My cleaners take a video after every turn, my team goes in to check everything is good after cleaning and record salt and PH level logs and I have a licensed plumber who is in charge of maintaining plumbing, water heater, and boiler system with logs.
AJ Wong
Property Insurance crisis will supercharge climate migration in 2025 and beyond
11 January 2025 | 2 replies
For example, the iconic Malibu waterfront homes were built directly over the water, many by variance, and assumedly will not be permitted to reconstruct, certainly not with the same materials or attached architecture.
Ray Tetu
Best WATER METERING purchase options?
19 December 2024 | 1 reply
What is the best overall water metering company you have found when it comes to ease of installation, reliability, and the cost of the equipment and monitoring?
Mark S.
preREO - First Mortgage Secured by Vacant Property
24 January 2025 | 42 replies
Their home has been vacant for over 4 years and is uninhabitable as the city water dept cut off service due to a faulty septic system spilling sewage in both our backyards.
Account Closed
Will a seller financed deal show up on buyers credit or considered on debt to income?
14 January 2025 | 7 replies
It's wise to stick your toe in the water first and fail fast in a small way if you're going to fail, right Vanessa?