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7 May 2018 | 6 replies
I can maybe cover 20% down but I'm hessitent cuz I'd be pretty broke I'm thinking maybe I should keep saving before I buy my first property.There's a 3 unit the bottom is a grocery store it's been occupied 10 years. $900 per month current rent Upstairs there are 2x 2 bedroom apts. $600 per month each Total: $2100Listed $110,000 Tax: $166\moInsurance$176/moUtility's; $100/moLawn/snow care: $50/moVacancy:$100/moRepairs: $100/moCapex: $100/moProperty management: $200/moMortgage$462:moTotal expense:$1443Monthly cash flow: $657Annual cash flow: $7884$22,000 downCash on cash return %35I guess that's what the current owner pays in insurance kinda kills the deal a bit.
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3 May 2018 | 2 replies
I can maybe cover 20% down but I'm hessitent cuz I'd be pretty broke I'm thinking maybe I should keep saving before I buy my first property.There's a 3 unit the bottom is a grocery store it's been occupied 10 years. $900 per month current rent Upstairs there are 2x 2 bedroom apts. $600 per month each Total: $2100Listed $110,000 Tax: $166\moInsurance$176/moUtility's; $100/moLawn/snow care: $50/moVacancy:$100/moRepairs: $100/moCapex: $100/moProperty management: $200/moMortgage$462:moTotal expense:$1443Monthly cash flow: $657Annual cash flow: $7884$22,000 downCash on cash return %35I guess that's what the current owner pays in insurance kinda kills the deal a bit.
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6 May 2018 | 55 replies
I have also heard of a service called PayNearMe, that allows him to bring cash to local stores, I think 7-11, maybe others, then they send it to you.
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17 May 2018 | 25 replies
We had apartments upstairs that he rents out, plus another store.
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8 May 2018 | 1 reply
Whenever I have an AirBnB related expense, I take a photo of the receipt and put the amount, store, etc. in the subject line/body of the email and send it to that email address.
12 May 2018 | 23 replies
Or are the residents responsible for storing the energy and utilizing it for particular appliances and etc?
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23 March 2018 | 1 reply
Do they say that about Bankers, Grocery Store Owners, Doctors (well maybe doctors..bad example) plumbers, etc?
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18 May 2018 | 11 replies
I want to protect them because i feel they are hidden gems...I also have a retail construction material store in CP in case you need any rehab material.Thanks.
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26 March 2018 | 2 replies
My husband and I are happily liquidating our furniture stores of twenty five years, selling off the prime comercial real estate and putting it all into residential rehab investments.
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26 March 2018 | 3 replies
Among many other issues, we found that instead of paying for a trash pickup service, the tenants had been storing all their trash in the barn on the same property.