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19 January 2025 | 8 replies
., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?
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20 January 2025 | 31 replies
We are renting from him for $100/month while we finish probate.
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21 February 2025 | 5 replies
I have several multi families on the west coast ( one that I actually manage my self in California) and it’s just one maintenance reserve fee for all doors , and a % of the total rent usually ( 8%-10%).
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29 January 2025 | 11 replies
Slightly increased the offer to quickly go under contract, but still had inspections and everything done before completing the deal.
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17 January 2025 | 5 replies
But once I got the bills, I increased the rent with the tenant's approval and signed an addendum to the lease stating the rent increase would be X and the owner would take over utilities.
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9 February 2025 | 8 replies
For investors, this can mean boosting rental income or increasing the property value significantly.
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6 January 2025 | 3 replies
I rent out a 2 unit property in baltimore county.
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21 January 2025 | 59 replies
Appreciation with its tight coupling to rent growth, results in cash flow.An example from my market, a few years ago core logic indicated the average rent increase in my market was ~$600/month.
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21 February 2025 | 15 replies
Purchase price: $532,500 Cash invested: $106,500 I just bought a duplex on 3rd Ave on the Columbus side of Grandview and am planning on living in one side and renting out the other.
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21 February 2025 | 0 replies
I just got signed up with Rent Redi and would like to import the previous monthly rental payments into rent redi to have it correctly dispalying the lease terms with rent owed.