He advised us to text him if we didn’t get a response from her.We obviously love the place, and it seems to fit our needs.

I can get $7000 rental income per month total.

We will be almost doubling our portfolio next month (81 doors total).

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.

To qualify for a loan, focus on having a credit score of at least 620 (or 580 for FHA loans), keeping your total monthly debt under 43% of your income, and saving enough for a down payment and closing costs—about 5-10% of the home's price in total.

Today I had a new situation and obviously can't advise on tax/legal matters, but hoping to get some insight from the community.Managing a property for a client who divorced her domestic partner last year.

Bathroom Renovations (4 Total)Scope of Work:Master Bathroom:Install new double vanity with quartz countertopsReplace shower with frameless glass enclosure and custom tileAdd a freestanding soaking tubUpgrade fixtures to high-end finishesGuest Bathrooms (3):Replace vanities, mirrors, and lightingRetile showers and floorsInstall modern plumbing fixturesEstimated Cost: $40,0003.

And more than 600,000 residents are projected to move to the county in the next 25 years — raising the total to 1.7 million by 2050.Along with Mecklenburg, approximately 79% of the growth in the Charlotte region is expected to occur in the counties of York, S.C., (312,810 to 481,714 people), Union (269,572 to 481,612), and Iredell (212,583 to 335,056 ).County growth in the Charlotte region.A historic jumpIn the last 25 years, more than 962,000 people moved to the Charlotte region.And, as always, if you have any real estate investing questions, I'm here to help!

How many properties do you own and what's the total estimated value?

They will issue an IRS Form 1099 in January, reporting your total taxable income to you and the IRS.