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8 February 2022 | 117 replies
No, I don't personally use Shiseido because I'm already too wrinkly.Suppose, you own a 4-plex or more units and today for most properties the Gross Multiplier is 18+So, when your tenant moved you just earnedAdditional Gross Income of $1800 per year X Gross Multiplier = $32,400 is the amount you can add to the price for your property if you want to sell it PLUSAt the end of the first year you earned $32,400 + $1800 from additional rent = $34,200Now, lets look at this if you buy 4 units, increase the rents $150 for 4 units the day you buy the property, increase the rents $50 every year and I will assume you are currently cash flowing not less than $200 per unit.You are going to be FILTHY RICH since you have the common sense to increase rents!
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18 September 2021 | 3 replies
In general, county tax multipliers go up a certain amount each year, or each time the property is reassessed, set by statute.
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10 September 2021 | 0 replies
Hello guys,Recently acquired a 2 family.Tenant should be moving in soon.The process went over budget (more than expected).The result is I am carrying credit card debt.I have a plan to pay it down to zero that will work just fine (the avalanche method).I would like to speed up the process though and pay less interest in the process.My credit score has dipped as a result of the credit card debt (to around 624).So may not be eligible for a 0% balance transfer or personal loan.Ultimately I want to get my credit score back into the excellent range for when I refinance out of the FHA loan.Any hacks or tips that anybody could share would be greatly appreciated.Thank you in advance to anybody who has any advice to offer.No canvasing please.
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1 October 2021 | 5 replies
These are both 3% down loan programs with reduce MI or Mortgage Insurance multipliers, however they have income limits, so you need to know if your income is at or less than 80% of AMI or Area Median Income.
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8 October 2021 | 5 replies
It doesn't matter too much how many partition walls you put inside the house, just take the overall square footage and multiply x the construction cost per foot for the area.
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15 November 2021 | 6 replies
Residential will also use a gross rent multiplier, which I would say could also be weighed into the valuation for this property.
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15 October 2021 | 5 replies
@Evan Polaski thanks for the reply brother, thats what Im sort of confused about because the property is vacant & need about $20k in repairs, the buyer suggested I find out what this property can rent for & multiply it by 12, then divide it by the asking price, does that make sense?
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13 October 2020 | 52 replies
I do have a very nice amount of capital to begin with and am looking for ways to multiply it, while also buying a few cash flowing properties along the way.
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30 September 2020 | 2 replies
If you are self-managing you don't want to multiply your portfolio until you have a descent grasp on running 1.
16 October 2020 | 3 replies
You will have to calculate payments and multiplied the payments by your gross profit percentage.