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16 August 2019 | 41 replies
. $200 a month, multiplied by 12 months = $2,400 $2,400 multiplied by 4 years = $9,600We can use the $9,600 to buy another duplex once she graduates and makes income again.The goal is to use duplex income to pay off all of her student loans.Our deal analysis is just like how BP teaches:Cash flow has to be >$200 a unit after ALL expenses and Cash on Cash return has to be >12%Expenses-Principal & Interest-Property Taxes-PMI-Home Insurance-Water/Sewer-Garbage-Vacancy 5%-12%-Repairs & Maintenance 5%-10%-Capital Expenditures 5%-1-%-Management fees 0% (I will manage all of our properties now & moving forward)We are 3 weeks in on the Duplex search in New Haven we are learning QUICK that cash flow and a FHA loan do NOT get along.
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16 March 2019 | 53 replies
The first being that I can direct that time and energy to my work and easily multiply whatever small profits I would gain from a small investment property.
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12 March 2019 | 9 replies
Jonathan,COC = cash flow/ cash invested, no need to multiply by 100, you want the number as a percentage. this will tell you at what rate of return you are making against the amount of money you invested.
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13 March 2019 | 6 replies
Multiply that savings by 12 months and I would be earning $11,280 a year.
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21 January 2016 | 19 replies
We are currently looking to "house hack" into a duplex and multiply our savings!
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16 February 2018 | 5 replies
My parents bought the most expensive house they could qualify for in a very nice neighborhood. 30 years later the value has multiplied many times over.
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10 October 2017 | 4 replies
Figure out the Gross Rent Multipliers for the deals and start thinking about comps.
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3 January 2019 | 5 replies
An hour with a decent contract on-site will result in an estimate, and that will give you a clear idea of what will be involved in the rehab.Oh, and whatever they quote you for time and cost, multiply both numbers by at least 1.5!
1 May 2019 | 6 replies
Mortgage: For multifamily the loan will be 75% of sale price and the interest rate will be ~6%Property tax: sale price multiplied by the property tax rate I find online.Repairs: 5% of rents.CapEx is $3000/year.
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4 May 2019 | 8 replies
and then later subtract this income from units that don't pay because of vacancy or credit loss by multiplying it?