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18 April 2024 | 4 replies
We do get an annual to-do list of some nitpicky things from them, but the payment is always on time, even through COVID.
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17 April 2024 | 4 replies
Generally, property taxes are assessed annually based on the property's assessed value for that particular tax year.
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18 April 2024 | 33 replies
Some businesses may elect to pay a $50 annual fee.
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17 April 2024 | 8 replies
Wife and bring in an annual combined salary of 600k (Net).
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17 April 2024 | 4 replies
The insurer says that the CC on file keeps getting denied.The borrower is failing to respond to calls/texts/emails/letters regarding the situation.The mortgage that was signed/recorded permits the lender to recover any charges associated with the need to apply this type of insurance policy, but doesn't specify how those charges are to be recoveredIn this example, the annual premium for the FPI that I (Lender) paid is roughly $1000.
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16 April 2024 | 2 replies
I'd like to one day find all the deeds on the property going back to 1857 just to get a more accurate picture. 43 years: 4,400% gain (annualized 102%/year)26 years: 144% gain (annualized 5.5%/year)6 years: 47% gain (annualized 7.8%/year)Besides Real Estate where else can you see these kind of gains, tax benefits, and leverage?
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17 April 2024 | 16 replies
There are many arguments against annual rent increases, like turn over cost and the time and effort resulting from it - while you are working a W2 job.Just got some interesting data. 65% of all ladlords in Milwaukee own only 1-2 units.
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16 April 2024 | 6 replies
Here is a graph of the number of units sold as a percent of overall housing stock.As you can see in the 1970's Manufactured housing was at its peak making up 22% of annual housing units produced.
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16 April 2024 | 2 replies
This will be my first rental property so want some advice.Purchase price - $195KDown payment - $59,176 (25% plus other closing)Annual rental income - $29,424 ($2,452 a month for 4BR)CoC return 10.7%Cap rate - 9.7%; Price to rent ratio - 6.6Cash flow will be over $5k per year after paying taxes and mortgage.
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17 April 2024 | 15 replies
Better split, smaller cap, no $3,000 annual contribution to corporate.