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14 January 2025 | 2 replies
I estimate I lost over $10,000 in a turnover because of them.
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10 January 2025 | 11 replies
It's an estimated cash on cash return given current rental rates subtract expenses assuming 7% interest rate, 10% management fee, 5% repairs, 5% capex and other expenses like mortgage, insurance, tax. it's a estimate to tell you what properties to analyze vs ignoreyou can see the are pockets of negative returns as well as pockets of positive return. this is to supplement the data @Devin Conley provided
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16 January 2025 | 6 replies
Additionally, the estimate for my tax preparation for this year was approximately $1,000 over the cost I paid last year (including the time I paid for them to correct their errors).
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12 January 2025 | 6 replies
No management costs as it would be self managed, and estimated property taxes by the average of the past few years.
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20 January 2025 | 11 replies
To answer this question you'll want to get estimated accelerated depreciation for each of the properties and do a proforma on tax savings it would generate.
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1 February 2025 | 51 replies
You have to try to estimate MTR income in your area + take into account the costs associated with MTR setup.
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26 January 2025 | 21 replies
I just submitted pics of the damage and estimates to repair or replace.One was a broken window.
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16 January 2025 | 2 replies
The two existing LTR units (on my family’s property) were built 5–8 years ago at a cost of about $80,000 per unit, so I’m estimating a 20% increase in costs for the new builds.My plan is to use the equity in the land as the down payment for the construction loan, which I expect will make closing costs the primary upfront expense.
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12 January 2025 | 12 replies
You can use this tool to estimate future property taxes: https://treas-secure.state.mi.us/ptestimator/ptestimator.asp
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12 January 2025 | 8 replies
Airdna will give you a good estimate of the demand for the area.