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15 December 2024 | 2 replies
Good afternoon,Could anyone help me to estimate my monthly expenses if I rent out my single-family house in Sutton, MA?
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13 December 2024 | 7 replies
If the rate is reasonable then it may make sense to try to save fast to get to the 3.5% down payment on a double or triple - househacking may allow you to increase your savings rate and pay down that loan even faster.As for estimating costs, closing in NY factor at least 1% of the mortgage amount for tax, plus $1500-2000 for lawyer, title and fees, then the amount required by the bank for escrow will depend on the actual property taxes and insurance.
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13 December 2024 | 16 replies
I'd estimate the current value of the property around $1M.
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19 December 2024 | 21 replies
Make sure you are using the estimated taxes shown at the Stark auditors site to check on them for next year as there are some significant increases coming!
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15 December 2024 | 13 replies
If you can get a loan at the 6.5%, you're saving another 5k a year off your estimates.
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15 December 2024 | 6 replies
It’s always a good idea to consult a local real estate attorney and title company for more accurate estimates in your area.
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12 December 2024 | 7 replies
Just go through them, select the renovated/closely matching ones, and enter them into a model.Here's my fix & flip model, you can see the comps entered and some quick stats below them: Then I use that comp data to adjust the Sale Price in the model to what I estimate it will be (double check the resale $/sf is in-line with the comps), then adjust the purchase price until I hit my desired return level.
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4 January 2025 | 67 replies
Will need 3 of them, they are estimating around $400 each.
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17 December 2024 | 7 replies
We typically estimate standard costs for these items but get them done much cheaper with our own crew.
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15 December 2024 | 4 replies
During your initial walkthrough, inspect the property for any major issues such as structural damage, roofing problems, plumbing, and electrical concerns, while documenting all cosmetic and functional issues with detailed photos and notes.Once you confirm the property’s potential, finalize your ARV and calculate the repair costs using either a reliable estimator or insights from contractors.