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25 September 2018 | 5 replies
They charged an annual fee equal to one month’s HOA fee for the privilege of renting your unit.
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24 September 2018 | 10 replies
So 19 units equals about 58,000 a door going in at 1,100,000.About 614 rent per door X 19 = 11,666 X 12 = 139,992 annual expected gross192,000 gross is about 842 a month so expecting a rent jump of over 200 a unit after improvements.
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14 September 2018 | 2 replies
If you hold the asset for one year or more, you pay long term capital gains tax, which is most likely 15% (but depends on your total annual income and filing status).
14 September 2018 | 13 replies
The request is a loan with an interest of 12.5% paid annually x 2 years.
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15 September 2018 | 2 replies
most tenants will not know what to look for and will only notify you if something is broken. if you want to, try sending a semi annual questionnaire with one simple question: is there anything in your apartment that needs to be fixed or should be looked at ?
14 September 2018 | 1 reply
So I have got one unit deal Price: $405000Down payment: $240000Mortgage: $165000 for period of 10 years Cap rate: 10%Annual cash flow: $40500Annual Expenses: $4000 NOI after expenses + mortgage : $20000COC: 8.3%IS THIS A GOOD DEAL?
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17 September 2018 | 6 replies
Likewise, your annual or quarterly or whatever property tax payment is expensed when paid, if you're on the the cash basis (which most people are) but you've already counted that in the reserves.Here is what your accounting software probably shows in the month that you paid the property taxes.Rental Income - $1000.00Expenses:Insurance: 30.00Property Mgmt: 100.00Mortgage Int: 350.00Property Tax: 700.00 Total Expenses: 1180.00Net Loss 180.00So what you want to do is dump this report into excel in order to reconcile it back to your cash flow.Start with your Net Loss Number and then make adjustments until you reach your cash flow:Net Loss: 180.00Add Expenses Paid from Reserves:Property Taxes: 700.00Subtract Other Cash PaymentsMortgage Principal: $150.00Amount transferred to reserves: $80.00Net Cash Flow: $290.00Cash Flow is a completely separate calculation than Profit and Loss.
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14 September 2018 | 0 replies
Using actual owner expenses where available and if not, estimate 50% of gross income towards annual operating expense.
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2 March 2019 | 2 replies
I pay month-to-month pro account, but its for annual pro account only,
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17 November 2018 | 4 replies
Using actual owner expenses where available and if not, estimate 50% of gross income towards annual operating expense.