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14 April 2015 | 23 replies
Here are the numbers I posted when asking for advice:Asking price: $50,000Tax assessed value:$57,500Down payment: $10,000 (20%) -- seller paying all closing costsRehab: $1,000 (really just needs floors vacuumed/scrubbed and stove + fridge)Total initial investment: $11,000Projected rent: $775/moVacancy factor (10%): $77.50/moTotal Income: $697.50/moProperty Management (10%): $77.50/moMaintenance (10%): $77.50/moLegal: $25/moTaxes (capped at 2% of purchase price): $83.33/moInsurance: $45/moTotal Expenses: $308.33/moNet Operating Income: $389/mo --- $4,670/yr30-year Mortgage at 5.5%Debt Service: $227.12Net Cash Flow: $162/mo --- $1,944/yrCap Rate: 9%Cash-on-Cash Returns: 18%I ended up purchasing the property for $47,500 and paid closing costs.
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17 June 2014 | 9 replies
The product is similar every time you are selling so less hidden surprises to derail a deal and you can scale volume closings.The referral thing you want to know how much they scrubbed and qualified the lead.
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17 June 2014 | 8 replies
A combination of scrubbing/lots of sealing primer/ozone machine might be the ticket.
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5 March 2015 | 17 replies
It will scrub the list for the do not call list.
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17 October 2014 | 8 replies
I would imagine that there is a way to scrub your list.
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2 December 2007 | 14 replies
I'm thinking about buying a name list then plugging the scrubbed names into a predictive dialer.
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9 July 2007 | 7 replies
These areas get the most soil, and therefore need scrubbing from time to time.
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31 May 2007 | 9 replies
I paid one of my guys an extra $50 to pull out the carpet and scrub the wood floor underneath it.
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24 May 2007 | 6 replies
(Most of the title companies I know of scrub telephone numbers against the Do Not Call List which is cool.)
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20 January 2008 | 25 replies
Here I am sure you know what I did and dealt with, almost all the rehabbing by hand, acquisition, valuation, record scrubbing, rental, management, essentially anything an investor can do is what I did.