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8 October 2024 | 3 replies
If you increase rents, if you go MUGS and put the utilities, if if if ifHaving owned and sold businesses and 1-2 properties, I have learned that I do not want to pay for POTENTIAL, but want to pay for what it ACTUALLY produces.Of course the seller will want the max, and the real estate agent will also want the max, so will push for the Pro-forma or potential income.....and base asking price off of this.I find that my numbers to evaluate properties almost never work with the asking price (based off potential), but almost always work with ACTUAL value.
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4 October 2024 | 8 replies
Hi Brian,You're on the right track, but to determine if you're truly generating cash flow, it's important to look beyond just your mortgage payment.Here's what to consider:Income: You're receiving $2,100 in rent, which is great.Expenses: Besides your $3,232 mortgage, you likely have other expenses like property taxes, insurance, maintenance, utilities (if you cover any), and potential vacancy costs.If your total rental income exceeds all of these combined costs, then you're generating positive cash flow.
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7 October 2024 | 3 replies
You own the property as tenants in common, not through an entity.
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8 October 2024 | 23 replies
They get free rent/all utilities paid and I pay mine a $500 month stipend after an initial 6 month trial period.
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9 October 2024 | 312 replies
Do most syndicators use these LTV's and is it common or did Ashcroft make a big mistake on that one?
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6 October 2024 | 0 replies
High efficiency appliances were utilized including HVAC, light fixtures and water heater.
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9 October 2024 | 11 replies
Then there are the challenges with Section 8 tenants paying utilities and taking care of their rental property.
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6 October 2024 | 36 replies
Hi everyone, I was wondering if anyone has some common mistakes to avoid when first starting out in long term multi-family rentals.
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7 October 2024 | 3 replies
In Denmark, these communities combine private living spaces with shared common areas like kitchen etc., fostering a strong sense of community among residents.
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7 October 2024 | 3 replies
If someone is bringing part of the closing costs, it’s common for them to receive a portion of the equity that reflects their financial contribution compared to the overall deal.