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26 January 2017 | 2 replies
Supply is limited since healthcare commercial spaces have different "codes", smaller pool of clients - who are sometimes very tough to work with.
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26 January 2017 | 7 replies
Our cleaner also does some inventory restocking, printing out welcome letters, changing key codes, among other things.
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29 January 2017 | 4 replies
Zip code 56560Thank you appreciate any advice.Zach
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31 January 2017 | 9 replies
That stated, in some areas, because of a greater risk of theft, Basic Form may be the only type of coverage available for that specific zip code.
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8 February 2017 | 7 replies
No preferred zip codes.- a 20% cap rate is great, but my main factor is cash flow potential. $500/month or moreIf you have anything that could fit this request, please contact meThanks a ton!
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31 January 2017 | 12 replies
- Any Home Owner performing work for which a building permit is required shall be exempt from the licensing provisions of 780 CMR; (Commonwealth of Massachusetts State Building Code) provided that if a Home Owner engages a person(s) for hire to do such work, that such Home Owner shall act as supervisor.
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2 February 2017 | 5 replies
Hi All,I am in contract with one small duplex in Bakersfield CA area(zip code - 93305) and need some guidance from expert investors to see if these numbers make sense.Offer Price: 100k (1bd/1ba and 2bd/1ba) - 1500 sq ft duplexCurrent Rents: 495+650 = 1145 per monthExpenses = $500 pm(Maintenance, Property management, real estate taxes, replacement reserve, Insurance) Mortgage (Interest + Principal ) = $405 pmCash Flow = $240 per monthCoC = ~ 10%There is deferred maintenance of $10k-15k on the property which I might negotiate to split 50-50 with the seller.The market rents are around $650(1bd) - $750 (2bd) so there is a possibility of increasing rent by another $250 which will increase my cash flow even further.Why am I interested in this property,- With small down payment, I can get my feet wet into REI and learn the overall business (working with property management, tenants, maintaining investment property away from your hometown etc.)- Within my state so I can drive there in 4 hours if I have to.- Planning to buy and hold for multiple years and initially check if it really cash flows (and passively) or notMy Concerns/Questions- The property is 1939 so what if big expense like HVAC or Roof comes up in few years?
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5 February 2017 | 16 replies
There are 5 vacant spots but we have discovered the following zoning code:"Nonconforming mobile homes once removed shall be replaced within thirty (30) days of removal or forfeit nonconforming status, and if replaced shall not infringe on established setbacks, and shall meet in full the requirements of section 6-1 of this ordinance.
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31 January 2017 | 7 replies
Thanks .1) Purchase price: $149,900 (this is the asking price, I'm pretty sure I can submit a lower offer due to how long it's been on the market)2) Renting for: $1,725/mo (I believe there's some room for increase, the owner have not increased rent in several years and CMA $1,800 to $2,100)3) Property Taxes: $144.92/mo 4) Mortgage with 20% down @ 4% interest: $572/mo5) Other expenses (Vacancy(5%), CapEx(8%), Management(8%), Repairs(5%), Insurance, Misc(5%)): ($86+$138+$138+$86+$85+$85) = $6186) Total expenses with mortgage, tax, etc = $1,490.11 7) Monthly cash flow: $389.07. 50% rule: $289.89 the zip code of this property is 77082 So what am I doing wrong?
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27 January 2017 | 2 replies
There's lots of updating that could be done to head down a BRRRR path in this unit, and it cashflows quite nicely at the LP...but...Property was already appraised at 10k higher than my offer, but sewer inspection showed multiple cast iron pipe and non-code stack issues that will most likely be 10-20k of work (my guess, haven't gotten formal estimate yet).