26 September 2018 | 10 replies
You also have to take into consideration these expenses: Monthly management fee, utilities, insurance, repair reserves, taxes, HOA fees, once a year deep cleaning fees etc.
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17 October 2018 | 21 replies
Renter pays all utilities.
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27 September 2018 | 11 replies
Find cities / areas with zero 3/2s under $1k ideally none under $1100, then look for growing jobs.Hassels in rental management runs inverse to the rent which follows income which is inverse to skills and education and often common sense....
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2 October 2018 | 6 replies
I expected it to be no more than 9 however, I experienced a major delay in getting my custom windows (loss of 6 weeks) plus utility delays and a few minor weather delays (we don't get much of that here in sunny So CAL!).
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10 October 2018 | 5 replies
But if the tenant ends up appealing to the Court of Common Pleas, the court may be forced to throw out the case because it might raise issues of subject matter jurisdiction.
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2 October 2018 | 19 replies
They will not have their physical address on their drivers license, utilities, or anything else.
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2 October 2018 | 12 replies
Purchase Price with closing: $130,000Rehab: ~$80,000Total all in cash: $210,000ARV: $270,000 on average (low-end would be 250k and high-end would be $300k but a house just a block away appraised for $325k recently with lower finishing than what I am planning)If we flipped the property:Closing costs: $21,600Net: $36,900If we refinance and then rent:Rent: $1400 (but could be $1600 based on other comps)Tax: $100Insurance: $200All utilities: tenant responsibilityProperty Management (10%): $140 (we would self-manage but I like to build this number in my calculations)Vacancy (5%): $70Repairs (5%): $70CapEx (5%): $70Net: $750With only a net of $750, pulling out our cash via refinance the property would put us in a negative cashflow.
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4 October 2018 | 20 replies
My credit score fluctuates over 100 points depending on how much credit I am utilizing at the time.
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26 September 2018 | 3 replies
Like Oregon they are not legal.check with you title and escrow company they will tell you if they do any.. if they do none its probably not done there if they say yes we do them all the time.. then your probably OKyour lawyer will put language in that allows the co bene's to foreclose very common.. but you do want to have that in writing up front..
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26 September 2018 | 6 replies
Attend your local REIA, use bigger pockets to network, and utilize some of your spare time to educate yourself on all aspects of real estate and how the monetary system works.