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10 April 2024 | 13 replies
Communication is averaging 2 weeks between messages/contact..is this the norm?
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10 April 2024 | 59 replies
So rent controlled units could see rent increases on the order of $200/month average (average apartment rent in San Diego is ~$2250).
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10 April 2024 | 0 replies
Sale price vs List Price indicates that, on average, properties are selling slightly over asking price.
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11 April 2024 | 7 replies
FCI covers almost every state, are not overly expensive, but they are a big company and sometimes the different parties don't communicate well with each other.I have also used Allied and August servicing with good results.
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11 April 2024 | 1 reply
Note they will cost around 35-40/mo so make sure you calculate that as part of what you actually earn as that is a seller expense (if it’s gonna be owner occupied property) - if it’s not then you could charge it to borrower
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11 April 2024 | 6 replies
Me for instance, I would like rental properties to cash flow around $300 a month after all expenses.
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9 April 2024 | 5 replies
Net income = $39,240Monthly operating expenses are as follows: Trash - $33, Landscaping/yard - $66, Electric - tenants pay, Water - $95, Maintenance $87Monthly taxes about 3KSo, gross expenses are at $41,064If I'm doing the calculations correctly, my net operating income is -$21,888 and cap rate is -3.4%.Obviously the current numbers look terrible for this investment, but I feel like the rent should be raised significantly based on comps (above 2K each unit).
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11 April 2024 | 8 replies
But I assume it will be more expensive and harder to find land on city sewer and water.The goal is next year get land and the year after start building.
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11 April 2024 | 1 reply
My new job paid biweekly and I needed to take the remainder of the money I set aside for my January payment to cover my daily expenses until I received my first paycheck.
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11 April 2024 | 24 replies
I don’t know what to expect and worried if I fail then the house will get flagged as having lead and will have a real expensive problem on my hands :(