
16 February 2020 | 15 replies
If you get one that focuses on Oil & Gas or Farming, for example, you could be worse off than you are now.

28 February 2020 | 13 replies
But anything remotely new developed on a former industrial, gas station or service station site would likely need these.

26 March 2020 | 13 replies
Are you trying to estimate the cost that Water, Sewer, Edison, and Gas Co charge or the cost the contractors charge to put them items in the dirt?

10 March 2020 | 9 replies
Originally posted by @Voltaire G.:As

27 February 2020 | 8 replies
) - Gross Monthly Operating Income 1,496.25 Monthly Operating Expenses Property Management Fees Repairs and Maintenance 110.00 Real Estate Taxes 333.00 Rental Property Insurance 51.33 Homeowners/Property Association Fees 10.00 Replacement Reserve 110.00 Utilities - - Water and Sewer - Gas and Electricity - Garbage - Cable, Phone, Internet Pest Control 75.00 Accounting and Legal Advertising Monthly Operating Expenses 689.33 Net Operating Income (NOI) Total Annual Operating Income 17,955.00 Total Annual Operating Expense 8,272.00 Annual Net Operating Income 9,683.00 Capitalization Rate and Valuation Desired Capitalization Rate 10.00% Property Valuation (Offer Price) 150,000.00 Actual Purchase Price 154,000.00 Actual Capitalization Rate 6.29% Loan Information Down Payment - Loan Amount 150,000.00 Acquisition Costs and Loan Fees 4,000.00 Length of Mortgage (years) 30 Annual Interest Rate 3.250% Initial Investment 4,000.00 Monthly Mortgage Payment (PI) 652.81 Annual Interest 4,830.53 Annual Principal 3,003.19 Total Annual Debt Service 7,833.71 Cash Flow and ROI Total Monthly Cash Flow (before taxes) 154.11 Total Annual Cash Flow (before taxes) 1,849.29 Cash on Cash Return (ROI) 46.23% So no money down and the tenants are paying for you.
27 February 2020 | 4 replies
That gas bill can wipe out more than your monthly revenue over the winter.Are you in a high tax area, like Cincinnnati seems the be?

27 February 2020 | 2 replies
To answer your question, I've thought about the transfer because the truck is currently used to get the house ready to rent (I'm planning on adding properties) and I believe the actual costs of insurance, gas and depreciation would be larger than the mileage deduction if I kept it in my name.

27 February 2020 | 5 replies
After 9 months I Refi the property with Eclipse bank ( smaller bank)(closing cost 3k) ran into a 1 problem the house had gas heaters that count as space heaters in the home appraisel so the underwriter would not approve unless we had HVAC, so I went through with installing the Hvac bc I plan on moving and section 8 this house (6k) the house appraised at 139k, I have no $ in this deal and 30K in equity, 2/18/2020 complete1. make sure you find a loan officer that is knowledgeable, upfront, and credible (they stick to what they say) I didn't like either bank I did business with ( I will try a different bank next time)2. make sure you know the credit score it takes to get a refi usually the better the score the less it will cost you3. make sure the bank that you choose gives you the ARV of the home not what you bought the home for and how much you put into the home4.

27 February 2020 | 11 replies
Use it only for gas and groceries, and never at the bar.

27 February 2020 | 2 replies
I know I can get pest control costs down substantially through who I use.Water $3,000, Pest Control $2,600, Trash $540, Gas $3,500, Electricity $3,500, Insurance $3,600, Taxes $5,000.I will have a loan to purchase the properties.