Chris Lee
Buying an unwanted tenant occupied single family home
22 August 2024 | 3 replies
So, with that said, if you followed that concept, it would depend on whether you were responsible for the electricity currently.
Debbie Palmer
Can a primary residence be rented out during work trips for STR?
21 August 2024 | 15 replies
This would include closets, pantry, refrigerator/freezer, etc.
Travis Oneill
What are all the utilities for a house in Raleigh, NC
20 August 2024 | 1 reply
. ■ Mortgage ( 20% down so no PMI ) ■ HOA■ Electricity ■ Gas ( None because new construction house has electric stove ) (Everything is electric )■ Water Bill ■ Camera Security system ■ internet ■ Lawn Care■ Regular Maintenance □ Will I need to pay for " Trash " ?
Samuel Coronado
Getting ready to develop park
21 August 2024 | 9 replies
But per lot it will cost roughly the following:$1,500 Electrical poles, meter installation $2,000 water taps and connections$5,000 grading and land prep$8,000 septic installation (assuming a 1:1 ratio of homes to 1000 gallon septics)$5,000 down payment on each home ($700-750 / thereafter per unit)$21,500 total set up x 17 = $365,000Ongoing expenses after development would look something this for POH model: $12,750 a month in mobile home mortgages (17 x 750 for PITI on each unit) $1,900 a month in land mortgage PITI (house) $3,000 a month landscaping$2,000 a month in reserve emergency fund$2,200 management$21,850 a month total expenses $262,200/yearOngoing incomes after development would look something this for POH model:$27,000/month ($1500 x 18 {17 mobile homes plus house})$324,000/year324k-262,2k = 61,800 net pre-tax profit or $5,150/month.Opportunities to reduce start up expenses: Bulk deals with the government or contractors for doing all the work at once (electrical, water, land grading, septic) Trade free rent for someone to mow and landscape (turning a $3k event into a $650 event every month).
Javaughn Harkness
$5000 to start with where should I invest
21 August 2024 | 9 replies
So many successful investors come from the construction/carpentry/plumbing/electrical industry because it was there advantage.
Rob Bergeron
State of the Market- August
21 August 2024 | 0 replies
This project, along with the new battery manufacturing plants from Envision AESC in Bowling Green and BASF in Shelbyville, is set to create thousands of new jobs and position Kentucky as a leader in the electric vehicle (EV) sector.
Candice Cervantes
Duplex as a primary residence
21 August 2024 | 7 replies
Regardless, I went to see the duplex and unfortunately there is a very large electrical plant directly across the street, so I have to cross it off my list.
Jeffrey Smith
Invest in my own property or buy?
20 August 2024 | 2 replies
As far as the house, I would get someone to complete the outside and I would finish the inside and do all of the electrical, plumbing, trim, etc. and contract out the drywall myself.
Katie Rother
BRRRR with ADU Potential
20 August 2024 | 0 replies
We spent a total of just under 50k renovating the property, all new windows, interior including paint, flooring, updated plumbing, electrical, all completely renovated the interior including removal of popcorn ceilings, and all costmetic updates, cabinets, countertops, light fixtures.
Katie Rother
BRRRR with ADU Potential
20 August 2024 | 0 replies
We spent a total of just under 50k renovating the property, all new windows, interior including paint, flooring, updated plumbing, electrical, all completely renovated the interior including removal of popcorn ceilings, and all costmetic updates, cabinets, countertops, light fixtures.