
17 September 2017 | 10 replies
after 6% interest on my heloc and the conventional mortgage, realtors, closing costs, insurance and the rehab...

12 September 2017 | 1 reply
Here are the stats: Construction costs - $50,000 Purchase Price - $225,000 Current Appraisal Value - $375,000 Post Construction AV - $440,000Current Loan Amount - 195,000 Rental Income - $2,800 Mortgage + Taxes + Insurance - $1650 Liquid Cash - $10,000My partners and I want to get the remaining projects off our plate and are trying to figure out the best way to make it happen.

12 September 2017 | 3 replies
Here are the stats: Construction costs - $50,000 Purchase Price - $225,000 Current Appraisal Value - $375,000 Post Construction AV - $440,000Current Loan Amount - 195,000 Rental Income - $2,800 Mortgage + Taxes + Insurance - $1650 Liquid Cash - $10,000 My partners and I want to get the remaining projects off our plate and are trying to figure out the best way to make it happen.

14 September 2017 | 4 replies
Without the insurance money, many of them will not be able to purchase a different home.

12 September 2017 | 2 replies
Numbers are as follows:Purchase price - $185,000Rental income - $1,850 ($750, $750, $350)Insurance - $109/MoTaxes - $209/moCap ex - $185/moUtilities - $200moMaintenance- $185/ MoI feel confident the rents could go up to a total of $2350/Mo but current leases do not run out for another 6 months.

13 September 2017 | 11 replies
In the last 9 days, I've contacted an agent, contractor, hard money lender, property manager, insurance agent, and a mortgage broker.

18 September 2017 | 3 replies
If you hire a contractor who is bonded and insured through a policy issued by a local insurance agency, what is covered?.....

13 September 2017 | 10 replies
I have fair rental value coverage in my insurance policy, but I don't know if it will apply since the tree didn't fall on a covered structure.

12 September 2017 | 6 replies
$25K is not enough, in my opinion, to insure a solid reserve fund.

12 September 2017 | 2 replies
Purchase price: $125,000 (assuming offer is accepted)Down payment: $25,000 (20%)Financing: 30 yr @ 5% = $540 /moInitial rehab: $5,000Closing cost: $2,0001st yr Insurance: $1440Taxes: $120 /moInsurance: $120 /moVacancy: $150 /mo (8%)Maint/Cap-Ex: $270 /mo (15%)TOTAL EXPENSES: $1200Rent: $450 /unitTOTAL INCOME: $1800Cashflow: $600 /moCash on Cash: 21.5%Here is a link to the listing if it may provide more insight:Quadplex ListingThe unit is located on a decent street in a very small town (<10,000).