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18 September 2017 | 1 reply
I have not seen small condo projects because the construction defects law is not yet fixed so I think you will have a hard time finding insurance to build them.
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10 December 2017 | 18 replies
so 4K (x2), 400 (x4) 1K (x3) = 12K + little things here and there IE 3 flooring redos at 2K a pop, so 18K total over 27 years.That's assuming I hold it for 27 years, at which point now it's free and clear so my cash flow turns into $600 a month.Your property analysis adds $213 for utilities I'm assuming that's HOA/Insurance?
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17 September 2017 | 10 replies
after 6% interest on my heloc and the conventional mortgage, realtors, closing costs, insurance and the rehab...
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12 September 2017 | 1 reply
Here are the stats: Construction costs - $50,000 Purchase Price - $225,000 Current Appraisal Value - $375,000 Post Construction AV - $440,000Current Loan Amount - 195,000 Rental Income - $2,800 Mortgage + Taxes + Insurance - $1650 Liquid Cash - $10,000My partners and I want to get the remaining projects off our plate and are trying to figure out the best way to make it happen.
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12 September 2017 | 3 replies
Here are the stats: Construction costs - $50,000 Purchase Price - $225,000 Current Appraisal Value - $375,000 Post Construction AV - $440,000Current Loan Amount - 195,000 Rental Income - $2,800 Mortgage + Taxes + Insurance - $1650 Liquid Cash - $10,000 My partners and I want to get the remaining projects off our plate and are trying to figure out the best way to make it happen.
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14 September 2017 | 4 replies
They are going to have to wait several months and maybe years until their insurance claims get straightened out and they receive money to rebuild.
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12 September 2017 | 2 replies
Numbers are as follows:Purchase price - $185,000Rental income - $1,850 ($750, $750, $350)Insurance - $109/MoTaxes - $209/moCap ex - $185/moUtilities - $200moMaintenance- $185/ MoI feel confident the rents could go up to a total of $2350/Mo but current leases do not run out for another 6 months.
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13 September 2017 | 7 replies
Then we had to come up with 60k to do the repairs(we expected to be able to use the the loan proceeds), and then afterward, have to wait for them to release the funds.
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13 September 2017 | 11 replies
In the last 9 days, I've contacted an agent, contractor, hard money lender, property manager, insurance agent, and a mortgage broker.
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18 September 2017 | 3 replies
If you hire a contractor who is bonded and insured through a policy issued by a local insurance agency, what is covered?.....