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12 August 2024 | 8 replies
But I have been looking into splitting the duplex into two condos (yes I know it is a lot of work) and I could probably get 325-350k for each, netting me 650-700k.Number:* Mortgage interest 2.5%* Mortgage principle 240k* PITI $2100/month* Rent 2200/month (current tenant on a two year lease)* Potential rent on my side $2400/month * 100k HELOC at 11% (fixed) (not currently being used)* est additional cost to split the dueplex 75-100k (conservative, probably less) *new siding 30k (just put on a new roof this year) *legal 10-15k *fire proofing 15k * 15-40k for stuff I am not aware of or underestimated on* some of the appreciation is external from the home *big grocery store put in 3min away * newly paved road in front of my house *a building that was falling down across the street has been torn down * Still a vacant lot with the foundation exposed and fencing around it (so more local improvements are on the way)Part of me wants to take the money and run but man I love that 2.5% interest rate and the $2000/month cash flow (including taxes and capx)I have thought about 1031 exchanging into more rentals, but I would like to pivot into storage units.
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12 August 2024 | 1 reply
- you can furnish fairly cheap (offer up, CL, buy nothing …, thrift or consignment stores, etc) but it take more effort and more calendar time.
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14 August 2024 | 84 replies
If it’s an item that needs time or needs to be picked ip at the store I send the case worker my pick up order information in an hour and stating that the guys are working on it.
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16 August 2024 | 277 replies
Really excited about what you have accomplished and looks like you will crush 2021 too with that 68 units in store!
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12 August 2024 | 13 replies
You can buy it at your local hardware store.
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14 August 2024 | 51 replies
(In reality, the tenant overloaded with heavy items not meant to be stored in a kitchen cabinet, damaged the property as a result of their own negligence.)
12 August 2024 | 22 replies
Preparing for a motorcycle ride is similar to learning to ride a bike.
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8 August 2024 | 3 replies
I've been at the property a lot in the last couple of weeks, and tenants are telling me that a group of teenagers will bust through the common entry doors and steal bikes and things in the hallway.
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12 August 2024 | 30 replies
Well if you have some money to invest I offer DFY Ecommerce business, online stores at national retailers.Consistent recurring money in the bank.
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8 August 2024 | 9 replies
They’ve also invested in an older area of the city that’s being regenerated into an arts district and will improve the walkability and bike-ability.It gets blown out of proportion.