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4 January 2025 | 5 replies
. ==== Projected Income ====**Off Season**-$4,000/Month Rent Period: September - May (7 Months) Projected Income: $28,000**Summer 1**-$8,000/Week Rent Period: June (4 Weeks)Projected Income: $32,000**Summer 2**-$8,500/WeekRent Period: July-September (12 Weeks) Projected Income: $102,000**Optional** (Basement Apartment)-$2,000/Month -Rent Period: Year Round Projected Income: $24,000TOTAL PROJECTED INCOME: $186,000 ==== Operating Cost ====-Mortgage: $84,000 ($7,000/Month) -Utilities: $36,200Gas $6,000 ($500/Month) Electricity $6,000 ($500/Month) Internet $2,400 ($200/Month) Garbage $5,000 (Estimate) Pool $4,000 ($250/Week)Landscaping: $4,000 -Mowing: $2,400 ($150/Week) -Clean Ups: $1,600 (Spring & Fall)-Weekly Turnovers: $8,800 ($550/Week)==== Legal Cost ====Summer Rental Fee: $20,100 (15% of $134K)Sandwich Rental Tax: $6,855 (15% of $45,700) NET PROFFIT: $38,845.00
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2 January 2025 | 4 replies
Good afternoon, everybody and Happy New Year,For those you that utilize services like PropertyRadar, PropStream, etc.
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29 December 2024 | 8 replies
Even something as simple as utilizing ChatGPT to speed up certain processes such as asking for generalized information on a market's demographics and immigration patterns can be useful and save a lot of time.
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29 December 2024 | 24 replies
I would say don't be afraid to utilize the equity line again.
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6 January 2025 | 13 replies
Estimate utilities and figure out who pays them (separate meters, landlord paid, etc)5.
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30 December 2024 | 3 replies
Adding the current mortgage and utilities would be roughly $1,350 resulting in a profit of $650/mo.
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11 January 2025 | 420 replies
.)$10K out of my $30K line is only about 34% utilization maximum after I take each chunk.
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4 January 2025 | 23 replies
I Offered it to them at 10% below market with him paying utilities. he wanted it, so I screened him to verify he can afford it.
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4 January 2025 | 5 replies
That's the reason there are so many fourplexes and so few fiveplexes or even sixplexes.From what I gather, post offices and utility companies rarely care much about the permitting/zoning issues, so it probably wouldn't have been hard to get those set up.
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28 December 2024 | 1 reply
Implementing water-saving initiatives is a smart way to reduce utility costs.