
24 February 2018 | 5 replies
You need to first calculate what the LLC will cost you and what the benefit is.You can look into the MA secretary of state website to see what the cost will be to set it up.

28 November 2020 | 5 replies
This community and website is so educational!

1 March 2018 | 13 replies
I have been slowly reading through the guides on the BP website to gather background information.

20 February 2018 | 2 replies
The REIN website has a calendar of events.

25 February 2018 | 6 replies
It cost me more in penalties and fees to remove the lien than it did to pay the actual back HOA dues.

20 February 2018 | 12 replies
I’ve never run into this issue, but can see the concern.In California, unless you specifically tell the county assessor/recorder that you want your name listed on their website under the parcel number, it is private by default - but can still be obtained by going to the assessor’s office in person.I guess that’s why there are notaries.

19 February 2018 | 3 replies
Those properties can be found on their websites, usually subject to last minute changes.Auction dot com and Zillow and some others will often list those properties, but those are just aggregated lists.

21 February 2018 | 4 replies
It would be in another, cheaper state (PNW or SW) in an area that actually excites me more due to the landscape and lifestyle.

26 February 2018 | 12 replies
Thanks everyone, I love this website!!

6 March 2018 | 19 replies
My criteria for buying are at least a 10% CoC return, and $100/month or more in net cash flow PER door (hopefully closer to $200/door).List Price: $179,900Down Payment: $44,975 (25% down, assuming I buy at list price)Repair Estimate: $5,000Closing Costs: $2,500TOTAL CASH IN: $52,475Loan Amount: $134,925Loan Terms: 5.25% fixed rate, 30-year mortgageMonthly P&I: $745Monthly Rents: $2,000 ($1,000 per side)Vacancy Loss: $100/month (I estimate 5 - 8% on multi-family properties, depending on how popular the area is).TOTAL MONTHLY INCOME: $1,900 ($2,000 - $100 in vacancy)Taxes: $154/month (you can usually find the actual tax amount paid for the previous year on your city's website)Insurance: $100/month (ask other investors in your area what they pay, or for recommended agents who can give you quotes)Water/Trash: $80/month (this is typically paid by the landlord in my area)Sewer: $50/month (also typically paid by the landlord in my area)Lawn/Exterior Maintenance: $75/month (my property management company offers this service)Maintenance: $100/month (people budget anywhere from 2 - 10% for this... if it's a well updated and maintained property in an area that attract responsible tenants, I budget on the low side)Property Management: $100/month (usually 8 - 10%, but you can find PM companies that do it for less... just make sure they're good at what they do!).