For one, that would be a gift in excess of $14,000, which exceeds the annual gift limit. 

If a property rents for $1,000 the value should be $100,000 and/or 10% annual gross ROI.

17th Annual MrLandlord.comNational Convention in St.

Self Storage Purchase Price: $169kCurrent: Annual Income: $15,180Annual Expenses: $3,487Insurance: $1,636Property Taxes: $1,177Electricity: $762NOI: $11,693Year 1 Pro Forma:Annual Income: $17,460Annual Expenses: $4,720Insurance: $1,220Property Taxes: $1,375Electricity: $762Grounds Maintenance: $1,400NOI: $12,74038 Unit Breakdown (currently under market rents by $2-8/unit). 

Also how the ‘annualized total return’ is calculated per year

Also, you still own an asset earning $700-900 a month or around 150% annually of the original cost.  

@Michael Ehmann @Johnny Kang @Monica Pina @Erik Anderson @Joe McCarthyFigured we give this fun threat a restart...September:Accomplished: - Had our annual consultation with our accountant- Got another LLC going to purchase a Duplex with- Finalizing an application for pre-approval with Lima Capital- Collected about a dozen Duplex addresses by Driving for DollarsFell short:- Only made one offer for a Duplex in the past few months- Did not do enough Driving for DollarsPlans for October:- Submit more offers- Analyze more Duplex deals- More Driving for Dollars and sending out direct mail to the ownersLooking forward to hearing from everyone!

I have a client with 10 homes and his umbrella is 5million in extra General Liability for all of them is around $1500 annually.

I’m looking into a 6 family in NJ that is on the market for 550k...the gross annual rents are $83,400...taxes are $14,489...insurance is $2,600...utilities about $2,000...repairs and maintenance about $5,000.

On paper, he would be able to make $50,000-$100,000 annually on increase in value of the property he had debt on. in that timeframe, the amount he was making on paper was significantly higher than what people were making on annual salary.With that thought in mind, I would lean towards the content of leverage is King.