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4 January 2018 | 9 replies
However, this kind of roof has quite a bit of longevity left on it.
8 January 2018 | 9 replies
A garbage disposal can help with the longevity of your system if used properly by the tenant, but it'll be one more appliance that will eventually need repair/replacement.See you around!
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8 January 2018 | 2 replies
This is an important goal if you want to protect the longevity of your income strategy.
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25 January 2018 | 17 replies
This kind of redundancy is important for many reasons (structural, health, longevity, etc.)
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24 January 2018 | 9 replies
The only way to have longevity in business is to operate it like a legitimate business whether your in real estate, own a dumpster company, or anything from A to Z.
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23 January 2018 | 5 replies
Pay them fairly and you will have longevity and loyalty.
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9 February 2018 | 30 replies
While there is some overlap between system use and longevity, its not the whole story.
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24 January 2018 | 2 replies
I'm all for putting in systems that promote longevity of my property!
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6 April 2020 | 14 replies
On the exterior we knew we needed a new roof.So what I had at this point was a 4/2 1492 sq ft built in 1996 in a sub division where I already own 3 other of these models so I could calculate in general numbers what the house would need being they were all built with similar layouts and finishes.Upon closing here is what the house needed to get back into rentable condition:While vacant home was broken into and all the copper plumbing stolenNew Flooring 1200 sq ftTwo bathrooms needed renovation since holes were made to steal plumbingNew water lines thru-out the houseNew light fixturesPaint interiorReplaced all the outletsNew Hot Water TankFix heart runs in the basementMinor cosmetic fixesNew roof I choose to go with metal roofs for the longevity and I am able to get them at the same cost as shinglePurchase Price 26kRenovation was 20kAll In 46kAfter 6 months I went to my banker to refi the property and it appraised for 86k they gave me a 80% LTV cash out refi 20yr term 10 years fixed at 5.5%Cash Out Refi $68,000Cash in the deal $46,000As you can see I was able to pull out more cash then what I invested by creating value I was able to pull an extra $22,800 Now I have had this property rented for over 12 months so I can give you my year 1 numbers:Gross Rents: $12,000Insurance 576Repairs 138.77Supplies 136.22Taxes 2517.47NOI before Debt $8,633Debt Service $5,616Cash flow $3,017Now remember i have no cash left into this deal and I used the extra 22k of the cash out refi to purchase two more properties so my COC return is actually higher but for simplicity sake I am giving you simply numbers.Before Photos:After Photos:
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20 December 2017 | 6 replies
From what I understand capacity and longevity are two of the most prominent factors in regards to calculating ones credit score.