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Results (10,000+)
Rich Somers 3rd Party Multifamily Utility reducing suggestions
12 January 2020 | 0 replies

I'm looking for a 3rd party company to execute a Utility cost savings analysis on two smaller Multifamily assets in Cincinnati (11 units) and Indianapolis (32 units).  Not necessarily looking for RUBS or any sort of u...

Hyacinth Dolor How can I squeeze more than $200k out of my rental units
13 January 2020 | 6 replies
.$2900 (rent) * 0.6 - $1790 (mortgage: Not clear if this included full PITI but if it does the 0.4 should be reduced) = -$50/month (cash flow negative but I believe the mortgage includes full PITI so …)Lets assume the $1790 include insurance and property tax and that those two equal 10% of the rent ($290/month - I have no idea what prop tax and insurance costs where this RE is located so I used 10% even though my current prop tax/insurance to rent ratio is ~15% and that is with some prop taxes far below value).$2900 * 0.7 - $1790 (mortgage with tax and insurance) = $240/month.Lets use $250/month * 12 * 10 = $30K (versus $90K).If we use 15% for prop tax and insurance to rent ratio$2900 * 0.75 - $1790 -$385$385 * 12 * 10 -= $46.2K (lets use $50K)$111K + $50K = $161K. 
Lisa Casey How to report expenses on a rental when adding an addition?
19 January 2020 | 3 replies
This would most likely reduce a gain (if sold) down the road, and increase your depreciation deduction annually. 
Robert Palladino Home Equity Financing Options
15 January 2020 | 2 replies
My thought is that I can increase the Heloc on the property once the addition is complete to use toward my next purchase.Pros:- Total cost in the end is far less than any other option (by over $100k)- Monthly payment is reduced by $900 after 11 yearsCons:- Can’t pull money to make another purchase until apartment is constructed, (if the market will still allow).
Ben Leybovich Furnished Units in an Apartment Complex
26 January 2020 | 10 replies
I would imagine you have employees and systems in place to help reduce these factors but what has the outcome been so far?
Michael Couto Options buying investment property off of a relative.
16 January 2020 | 2 replies
Unfortunately in my case (and seemingly yours) the options were limited to reduce the capital gains tax impact.
Roy Gottesdiener Building capital through flips or other ways?
16 January 2020 | 11 replies
Reduce overhead: stop eating out, move somewhere cheaper, drive a terrible car, cut cable, sell your TV, etcMake more money: get a job promotion, work overtime, flip homes, deliver pizza, etcDetermine what is your highest dollar producing activity and do it as much as possible.
Max T. Mystery Smell - What could it be, how to fix?
2 June 2020 | 29 replies
Doing that was the only thing that has reduced the smell, so I'm 99% sure the smell is not coming from the finished space. 
Nathan Gesner Do you allow pets in apartments?
17 January 2020 | 9 replies
I do not allow pets- I have now renovated 5 of my past pet-friendly apartments and they leave a lot of damage and some that you do not see on first blush or that can be temporarily masked with a good cleaning.I am a minority in my market and it significantly reduces my  applicant pool.
John Brown One Realtor For Both Buyer And Seller?
17 January 2020 | 1 reply
Possibly a reduced cost because perhaps the agent offers a reduced commission to seller.Cons of using listing agent--1.