Merritt Harris
FHA house hack turned MTR
18 September 2023 | 3 replies
MOUSE HACKER CRYPTO CURRENCY RECOVERY SERVICESMOUSE HACKER are crypto investment scam recovery.
Aroldo Villarreal
Buy first home or buy investment property?
12 August 2015 | 23 replies
Well then you are missing out on a net gain of $350/month.However on the other side of the coin you can get into the place a lot cheaper if you get an owner occupant loan like an FHA.
Lionel Quiambao
Lionel: Should've Done This A While Ago
8 March 2022 | 12 replies
And I believe that Jamil with KeyGlee, Pace, and Jerry have actually made their careers with wholesaling and flipping, but provide courses as a way to provide value (while making nice coin, lol) to some newbies that need to spend money to take something more seriously (like school, haha).
Amber Saulsbury
What CAP rates are you seeing in your market for multifamily
15 August 2019 | 112 replies
@Amber Saulsbury @Irina Belkofer is correct in laying the CAP rate formula, as I read in one post above where they included the financing expense which SHOULD NOT be included when calculating the CAP rate.Anyways, here in El Paso, Texas I can buy a multi family (8 unit or over) C- building with a CAP of 8% - 9%, Most investors settle for that, but my value play strategy is, I come in and rehab the units, add individual water meters and charge it back to the tenants, sign 12 months leases, raise rents, swap washing machines for coin-operated machines, you get the idea, anything that helps me reduce the expenses.
Jon Loca
Minneapolis Tax Person
13 October 2014 | 5 replies
I would wager that a CPA could find more deductions and also provide peace of mind that your taxes are accurate, especially when this is new to you.Check with @Adam Hardy , CPA at Jenson & Co in Maple Grove.
Mike Palmer
Best flooring for a rental?
13 May 2021 | 120 replies
I tried it using a quarter (coin) on samples.
Ryan Wattenschaidt
Multifamily Lender Needed
1 April 2015 | 1 reply
Details below: Contracted Purchase Price $275,000 Seller agreed to finance 20% down over 5 years and contribute $2k towards closing costs Building needs no works as the current owner has fully remodeled each unit including new roofs All units currently rented, approved for section 8 (if needed), and is current on all licenses/city inspections20 separate parking spaces that can be rented each month for additional income (currently bringing $150 per month)Coin-op laundry on site bringing in approx $175 per monthSee below for property evaluation: Scheduled Gross Income $92,880.00Less 5% Vacancy Rate ($4,644.00)Gross Operating Income $88,236.00Less Operating Expenses Taxes ($15,179.00)Insurance ($2,645.00)Water ($2,400.00)Sewer/Trash ($6,000.00) Mngmnt (7%) ($6,176.52)---plan on self managing but need to allow for it Maintenance ($4,411.80)Total Operating Expense ($37,022.32)NOI $51,213.68Cap Rate 18.6%Our lender does not want to allow us to use the full 20% from the seller.
Vince Futia
Student Housing Upgrades
9 February 2018 | 4 replies
In one of my rentals i have coin laundry machine ( you can get card ones as well ) but i also have a change machine right next to them so that they can get coins, i will be adding that convenience to another one shortly.
Forrest L.
4 Family House Hack Lowell, MA
28 August 2019 | 1 reply
I did floors and renovated bathrooms in each unit, put coin operated laundry in the basement, and rented the units out. outside I had the old half of the roof replaced and a chimney removed.
Cody Cunningham
Starting out as a young investor
17 September 2022 | 13 replies
Invest in Real Estate, Stocks, Crypto, or Small Businesses.