Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Hello everyone,
I live in Greensboro and I’m trying to decide what is the most financially wise course of action. A real estate company told me the house needs too much work to rent out, and that an auction is the be...

Have you verified cost and comps for doing the work?

(i.e. if the loan limit is $400,000 and the property costs $800,000, then I need a $100,000 down payment plus closing costs).

This is far from the market I practice in but it would seem building and sitting on a few of these for 5-10 years could be quite a nice bump.I like the option to buy a 20plex, clear $10k/month and replace income.

Though there is another option we actually just closed for someone in Montgomery with on Friday that gets rid of those costs. 

The cost of the program is 35K upfront and then approximately $3500/mo for all marketing.

To make the math easy let’s assume you buy a 10 unit building were each apartment rents for $1000 a month.

And the downstairs tenant will move out next month. 

Still costs money but less than the previous option.By the way, QuickBooks could be used for your NOI/cash flow tracking, with some effort and modifications.