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6 September 2016 | 0 replies
They are fully rented (month to month) and gross ~$64000, with $17,000-$20,000 in annual expenses, before loan payments and management fees.
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6 September 2016 | 1 reply
Whats the average Annual Increase of Rent rates (especially here in BC).
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9 September 2016 | 3 replies
After that, it will become a dance of either having tenants stay and effect small increases annually or lose tenants and then correct at once to market.
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23 August 2017 | 6 replies
, using your GSI of $50,400/annual ($4,200 X 12) and I used a round 40% for Operating Expenses (includes 10% for Vacancy)..DOES NOT include debt services.
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22 August 2017 | 0 replies
The section on the left hand column of the table (starting with total annual income and ending with annualized total return) a formula for each would be very helpful.
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23 August 2017 | 1 reply
The location (schools, restaurants, crime, etc) is decent but nothing too promising in terms of appreciation (3% annual average) Here are the details: Purchase price: $170,000Rental Estimate per month: $1500HOA: $1000/yrInsurance: $1100/yrTax rate: ~3.4%I assumed the following:I use a 20% downpayment on a 30 year fixed conventional loan w/ 4% APRNew build so warranty is covering most things so minor, if any, maintenance will be neededTake into account 1 month of vacancy per yearTake into account annual broker fee to list of one months rent~5K closing costs~2k in appliance purchasesResult: Assuming rent range of $1500-$1550/month and assuming 1 year I wont have to pay the broker fee to list:From my cash flow analysis I am projecting to have positive cash flow of around .02%-2.1% per year.
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24 August 2017 | 7 replies
The location (schools, restaurants, crime, etc) is decent but nothing too promising in terms of appreciation (3% annual average) Here are the details: Purchase price: $170,000Rental Estimate per month: $1500-$1550HOA: $1000/yrInsurance: $1100/yrTax rate: ~3.4%I assumed the following:I use a 20% downpayment on a 30 year fixed conventional loan w/ 4% APRNew build so warranty is covering most things so minor, if any, maintenance will be neededTake into account 1 month of vacancy per yearTake into account annual broker fee to list of one months rent~5K closing costs~2k in appliance purchasesResult: Assuming rent range of $1500-$1550/month and assuming 1 year I wont have to pay the broker fee to list:From my cash flow analysis I am projecting to have positive cash flow of around .02%-2.1% per year.
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21 September 2017 | 4 replies
I'd like to hear from landlords what percentage people in Kansas City and other like cities use to raise rents annually.
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27 August 2017 | 7 replies
Arizona LLC's are cheap to setup ($50 state fee) and they don't have Annual Reports (like most other states).
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19 April 2020 | 9 replies
Did your LLC have to have been in operation for a minimum amount of time and/or have a minimum annual revenue?