Terre Oswald
Recommendations for a 1031 QI
7 August 2018 | 4 replies
You'll pay the least at a no personal touch web site.
Daniel Oren
Getting private lending for residential flips
14 August 2018 | 4 replies
You don't find them on web sites.
Tucker Jones
Newbie from st Augustine FL
20 November 2018 | 5 replies
My name is Tucker And I live in St Augustine Florida and currently I am a web programmer, commercial photographer and own a Bar Gallery.
Blake Denman
Newbie from Northshore Massachusetts
17 December 2018 | 18 replies
Hey @Lien Vuong - I've d4d'd around a few local towns collecting notes, pics, addresses - but have been holding off on anything until I feel like I have a presentable web presence to send them towards - almost there.After a couple deals and some cash my goal (hoping February... we'll see though) is to go the fha 203k route with a multi.
Patrick Hall
4 Plex Analysis - Assistance/Review
13 August 2018 | 4 replies
Income Evaluation No of Units Unit Rate Income 2 Bedroom Unit A 1 650.00 650.00 2 Bedroom Unit A 1 650.00 650.00 2 Bedroom Units A 1 650.00 650.00 2 Bedroom Units B 1 650.00 650.00 2 Bedroom Units 1 - - 3 Bedroom Units B 0 - - Garage Units 0 - - - Storage Units 0 - - Laundry Units 0 - - Comm Units 0 - - Comm Units 0 - - Comm Units 0 - - Total Monthly Income 5 2,600.00 Total Annual Gross 31,200.00 Total Annual Cost / EBIDTA 9,911.86 Net Cash Flow (Annual) 21,288.14 Net ROI 42.39% Monthly Cost of Operation By Landlord By Tenent Monthly Annually Monthly Taxes x 137.50 1,650.00 (From Historical Data) Montly Space Rent (MHP) - - N/A Monthly Insurance x 100.00 1,200.00 Calc'd Monthly HOA - - Posted Monthly Water/Sewer X 320.00 3,840.00 Estimated Monthly Garbage X 160.00 1,920.00 Estimated Monthly Electrical X - - Tennant Monthly Heat/Gaas X - - Tennant Monthly Other Utes x - - N/A Monthly Yard Maint x 20.00 240.00 Estimated Monthly Maint - Op Ex x 260.00 3,120.00 Calc'd - 10% Cap Ex x 260.00 3,120.00 Calc'd - 10% Monthly Vacancy x 182.00 2,184.00 Calc'd - 7% Screening/Tennant Management x 20.00 240.00 Estimated Monthly Management x - - At Risk - Self Manage MONTHLY OP EXP 1,459.50 Total Annual Expenses 17,514.00 Total annual Debt Service 8,452.36 Net Operating Income NOI 13,686.00 Net Income 5,233.64 ROI % 10.42% Low/Average CAP Rate (Net Income/Purchase) 2.92% Extremely Low Cash Flow per Door 109.03 Very Low Tax Assessment Estimated Expenses - 50% Rule 159.50 Conservative Banked Amount - CAP Ex, Repairs, Vacancy 8,424.00
Rebecca Cramer
Any way around needing 2 years of rental income to be qualified..
16 August 2018 | 12 replies
I'll try to answer the key ones.Private Money Lender - since they are "private" most don't have a store front or a web page.
Michelle Au
Depreciation Expense Impact on Tax for Rental Property
15 August 2018 | 3 replies
@Michelle Na ,Looks like you know what you are talking about.If you are breaking even before the depreciation, the depreciation expense would create a net rental loss that can be deducted each year if your AGI is below 100k.
Stephen Benson
What do you use for tenant screening
18 August 2018 | 4 replies
So guys and gals what do yall use such as web sites apps and such to screen tenants?
Colin Peffley
Q’s about neighbor dogs and decision to rent/sell
11 July 2018 | 0 replies
What I am nervous about is the leach field, some hidden issue that was just covered up in the flip (foundational or electrical) and those da** dogs!
Colin Peffley
Q’s about neighbor’s dogs and decision to sell/rent
12 July 2018 | 3 replies
What I am nervous about is the leach field, some hidden issue that was just covered up in the flip (foundational or electrical) and those da** dogs!