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9 September 2016 | 4 replies
Here is a blog where I wrote about a recent 42 unit we bought and did creative things to add value. https://www.biggerpockets.com/renewsblog/bought-multi-million-dollar-apartment-complex-age-26/Just a few ways to produce ancillary income:- Laundry Coin laundryDetergent/laundry essentials in a vending machine in the common area laundry rooms.Rent individual W/D to each unit-Parking Garage parkingCovered parkingprime spot parkingJust plain old charge for parking-Renovations Interior units upgradesCommon area renovationExterior upgrades for curb appeal-Vending machines In common areas such as exercise room, pool house, laundry or leasing office-Trash pick up service In high-end buildings they have a service where you can set trash outside your door and for a fee maintenance will go around each night and collect it so the resident doesn't have to carry it to the dumpster.
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9 September 2016 | 2 replies
I have a soft spot in my heart for the aging and our veterans.
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15 October 2016 | 8 replies
For each day you advertise but are not registered with the city you pay something like $200 per day.The reading I've done around removing RSO tenants is that it can be done under a few limited circumstances and there is a corresponding fee to be paid that depends on age, family size??
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9 September 2016 | 1 reply
I am using the following numbers:Vacancies - low in my area so I'm using 8%Repairs - 5% of rental incomeCapital Expenditures - 5% of rental income + 1% for every decade over 20 yrs property age (i.e. 7% for a 40 year old house)Management - 12% (expecting 10% + 1 mo per new tenant)So this adds up to at least 30% of my income.
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9 September 2016 | 2 replies
Sure, take 10,000 homes bought by investors, and do regression analysis that gives me an indication of variables that are common, like geographic area, home value, home owner's age, income level, political persuasion, gender, ethnicity, or anything else!
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14 September 2016 | 3 replies
Im only 15 but im open to any basic tips that can help me be successful in the long run when i get my real estate license at the age of 18.
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12 September 2016 | 4 replies
And I have my GC do the mini inspection and tell me the age of roof and ac etc, so I am ready to sign contracts as soon as they call me.
12 September 2016 | 0 replies
i am a teenager and am looking to get into real estate in the future. although, i was wondering if there were ways to get started now and if i could potentially make money off of it at such a young age.
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12 September 2016 | 0 replies
In the mean time they are looking at houses out here but do not want to get a new mortgage at their age ( late 50's early 60s).
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12 September 2016 | 2 replies
In the mean time they are looking at houses out here but do not want to get a new mortgage at their age ( late 50's early 60s).