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25 May 2019 | 3 replies
I live in Hollywood area, and can easily make it up to Woodland Hills.Hope to hear from you.
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17 February 2015 | 6 replies
@Roy N. merci beaucoup et je compte definitivement poser des questions sur tous!
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27 April 2012 | 7 replies
The numbers are with the current rent which is about $100 per unit below the market in that area.Leverage:90%Marginal Tax Bracket:35%Appreciation:2%Capital Gains Rate:15%Interest Rate:6.00%Value of the Land:20%# of Units2Total Square Footage1568ARV after Rehab:$100,000COMPARATIVE ANALYSISPrice Per Square Foot$57.37Price Per Unit $44,975Gross Rent Multiplier6.52Cap Rat/ROA7.97%PURCHASE ANALYSISPurchase Price$89,950Closing Costs2.00%$1,799Total Cost $91,749First Mortgage90.00%$80,955Second Mortgage0$0Down Payment$10,794ANALYSIS OF FINANCINGInterest Rate 6.00%0.50%Term in Months (n)360Amount Borrowed (PV) $80,955 Balloon Payment (FV) $- Monthly Payment (D)($485.37)FIRST YEAR OPERATING PROJECTIONIncome/ExpenseNet Rents $1,050.00 $12,600.00 Vacancies5% $52.50 $630.00 Advertising $- $- Cleaning & Maintenance $50.00 $600.00 Contingency $50.00 $600.00 Captial Improvements $- $- Insurance $50.00 $600.00 Property Management 10.0% (self managed) $105.00 $1,260.00 Property Taxes $180.00 $2,160.00 Water, Sewer, Garbage $50.00 $600.00 TOTAL OPERATING EXPENSE $537.50 $6,450.00 NET OPERATING INCOME $512.50 $6,150.00 Mortgage Payment $(5,824.39)Pre-tax Cash Flow $325.61 Tax AdjustmentsInterest Payment on Mortgage $4,830.26 Depreciation (affects TI not CI)$71,96080% of value/27.5 $2,616.73 Year 1 Taxable Income $(1,296.98)Pre-tax Cash Flow $325.61 Tax Expense $453.94 NET CASH FLOW $779.55 CASH ON CASH RETURN YEAR 17.22%My first thought is to Raise the rent to 575.That would bring cashflow up too 120 per month at 13.3%.
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1 May 2012 | 3 replies
My name is John. aka BrProps4u. I was blessed with several very well timed primary home exchanges that were profitable. My primary was paid down pretty far just by being frugal and adding to my payments each month. Af...
7 May 2012 | 7 replies
We've been looking to find a duplex with two homes on a lot, and the environment is very competitive at this moment: at lower price points (625K max) only considering very nice streets in Hollywood/Northeast Los Angeles, with at least 1400sf for the owner unit and a decent lot (5000sf+).
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14 May 2012 | 24 replies
Hi Don,If you got a foreclosure notice and you want to keep you home then you may be i n for a nice surprise.
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19 January 2016 | 53 replies
(Just look at all the movies Hollywood kept dishing out!)
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8 February 2014 | 61 replies
A tenant paying $1300 a month would have an issue with a dent 'n bent stove from craigslist, but we only buy those kinds of appliances for the SFRs.
20 July 2012 | 6 replies
Like for example if I try to get this property herehttp://www.trulia.com/property/3029822505-2635-N-47th-St-2637-Milwaukee-WI-53210or if i made a long stretch for something like this herehttp://www.trulia.com/property/3066284867-5907-W-Washington-Blvd-5909-Milwaukee-WI-53208How do I figure out my income opp. and profit margin?
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6 July 2012 | 4 replies
Stephen N. - Check this article out:Bandit Signs: The Ugly Way to Advertise Your Real Estate BusinessAs I'm sure you know, these signs are likely illegal in your area . . . if you use illegal tactics to market your business, I believe you're on your way to starting things off on the wrong foot.There are plenty of other ways to market . . . use those methods that are legal.