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8 February 2016 | 9 replies
Tile buckling, counter tops with gaps, buckets full of water from unknown leaks, home made plumbing, etc.
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10 February 2016 | 3 replies
Apparently, the lien is a tax/water/sewer lien, and according to the owner, there are no other lien's on the property, but would it be prudent to get a title search on the home?
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15 February 2016 | 4 replies
Had I evict a tenant and the furnace and hot water heater was stolen the next day.
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9 February 2016 | 5 replies
Excellent books for someone just starting out A book is a good place to start, but without the hands on knowledge you are already dead in the water.
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8 February 2016 | 7 replies
I recently had water damage due to an old dishwasher.
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20 February 2017 | 19 replies
I'm seeing -700+/month for this place:Mortgage Rate 3.00%Length of Mortgage in years 30Monthly Mortgage payment $2,381.80 Taxes $425.00 Sewer and Water $100.00 (assumption.
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9 February 2016 | 5 replies
With an open roof you probably have all sorts of water damage and mold...
9 February 2016 | 5 replies
I am currently renting a place for $1,000, and I would like to "house-hack" and live in the 1BR unit (all numbers assume I am collecting rent from all three units though):Offer Price: $365,0003% Seller Assist: $6,400Total Income: $3,200Unit 1 Rent (2 BR, 1 BA): $1,250Unit 2 Rent (2 BR, 1 BA): $1,150Unit 3 Rent: (1 BR, 1 BA): $1,100Total Monthly Rent (before vacancy): $3,500Total Monthly Rent (assuming 1/12 months is vacant): $3,200Total Mortgage: $1,940Monthly Mortgage: $1,700MIP: $240Total Expenses: $1,065Maintenance/Repairs: $280/month (~8% of total monthly rent)Property Taxes: $240/monthInsurance: $170/monthCapEx: $175/month (~5% of total monthly rent)Water: $150/month (not metered)Miscellaneous: $50/monthFYI - did not budget for property management, because I intend on living here long-term and self-managing$3,200 - $1,940 = $1,260$1,260 - $1,065 = $195 cashflow/month
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9 February 2016 | 4 replies
I love to travel and have traveled extensively around the world - I've been to four continents and countless countries, I've climbed waterfalls (yes, that means going up against the water), kayaked with whales, and successfully avoided a police search party in Colombia (what happens in Colombia, stays in Colombia).
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9 February 2016 | 3 replies
Other concerns would include long-term liabilities such as single/dual metering for water, gas and power.