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2 September 2024 | 13 replies
Also, one of the homes can be raised from $1,850 to $2,300 when new owner takes possession. 3 Family House6750003 3 Bedroom ApartmentsApartment 12,205.00$Apartment 2 HUD2,300.00$Apartment 3 HUD1,850.00$Total Rent Expected6,355.00$76,260.00$ExpensesSchool Tax 23-243,460.68$Town and County 20242,222.30$Insurance3,035.51$Lawn & Plow2,400.00$Repairs and Maintenance Furnaces1,231.20$Total known expenses12,349.69$NOI63,910.31$Cap Rate9.47%
2 September 2024 | 9 replies
In a healthy Association, they've taken into account that this will need to be replaced, and have planned for it, essentially charging everyone who has lived there over the last 20 years a nominal amount to be put toward the new roof when it's needed.With an unhealthy Association, they try to keep HOA dues artificially low, and when a repair is needed, they levy a Special Assessment, which puts the financial responsibility on those who live there currently.
31 August 2024 | 10 replies
Early on I spoke to 1 of the 3 young women who I assume is the lease holder about what will happen (rodents, etc.) if she doesn't keep the lawn cut.
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8 September 2024 | 168 replies
But yes, you'd only be accelerating your payoff because of an artificial/short-term lower interest.
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29 August 2024 | 5 replies
My boyfriend, Asa, who runs his own lawn care business, and I are looking to venture into real estate investing.
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4 September 2024 | 84 replies
The guy next door wants to mow the lawn and keep trash out of the yard and move trash cans.
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27 August 2024 | 10 replies
I'm wondering if I'm missing anything: Mortgage (20% down, so no PMI) HOA Electricity Gas (None, as the new construction house has an electric stove—everything is electric) Water Bill Camera Security System Internet Lawn Care Regular MaintenanceQuestions: Will I need to pay for trash?
25 August 2024 | 3 replies
But about service based businesses, you're referring to something like a lawn care or pet sitting type of thing?
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25 August 2024 | 23 replies
The few deals I've analyzed from this firm are not surprisingly artificially low on the rehab, and artificially high on the ARV. 3.