31 May 2019 | 5 replies
@Erin NewtonI understand this was a quick calculation but don't forget to account for the other operating expenses, utilities, capital expenditures etc.
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31 May 2019 | 2 replies
My strategy will be to BRRRR, so was just wondering people’s thoughts on utilizing multiple deal finders in the same market?
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2 August 2018 | 1 reply
Depending on your financing, you should be able to find cashflow.I just sold this home here at the bottom end of your price range, and it would rent for $1,800 to $1,900/mo easily:https://www.redfin.com/CA/Sacramento/3928-23rd-Ave-95820/home/19407351With 25% down and a 5% interest rate, your PITI would be $1,366 which leaves about $500/mo gross cashflow before management, utilities, repairs, etc.Have any other specific questions about the Sacramento market, just ask and we'll try to get you pointed in the right direction :-)
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2 August 2018 | 4 replies
Its in a B neighborhood and is a C property (Just for a backdrop)Asking price- $239,900Taxes- $3,085/yearInsurance estimate- $840/year Income-$2,200/month Down payment and rehab -$30,000 all form an equity line btwinterest rate - 6.25% (7 year ARM)Utilities payed by tenet Will be self managed At full ask im looking at a 9.4% Cash on cash return.
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23 June 2019 | 8 replies
If your Modified adjusted gross income is $150k (if married) or lower then you can utilize any rental losses taken (that $1,700 will overall reduce your tax liability) However if your MAGI is over that, the loss will carry forward to next year.
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3 August 2018 | 8 replies
Since we launched the last year has been solid - Since we have lived on the property it only would cost us around 50 extra a month for water and utilities from what we were already paying.
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12 August 2018 | 7 replies
Just to recap - for you to be profitable you need to calculate rent minus expenses like repairs, mortgage interest, home owners insurance, real estate taxes, capital expenditures, allowance for vacancy, utilities(if not paid by tenant), travel to and from the property, etc.
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19 December 2019 | 17 replies
I think it's about the most space efficient you can get, plus there are likely energy efficiency benefits(or at least utility cost improvements) compared to your current set up.
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11 August 2018 | 6 replies
I do separate agreements and bundle the utilities wiIh a utility cap for overages.
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9 August 2018 | 9 replies
The follow criteria is what the park is consisted of:Rent control all age park with pool 33 space filled - rents range from $321-$7002 POH renting at $850, electricity sub metered 1 empty lot (might not be permitted for extra 3) On Septic (2x a year) and Well (370 ft deep send sample out once a yr) sitting on 4 acrescan only raise rents 2% every Dec20-21k gross per month/ 25% cost of utilities -- 900k left on noteNOI might roughly be around 170-180k