13 November 2019 | 4 replies
I don’t even remember the lenders name and r]from the report they showed me it appears to be some federal mortgage assignment that put me on some list that have every address I’ve ever lives in on.
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15 November 2019 | 6 replies
And @Andrew R.
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12 November 2019 | 3 replies
Inspection Sheet <----- Happy Monday,The city is ordering the basement to be DECONVERTED from R-2 Multifamily to R-1 Single Family Home.
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22 November 2019 | 5 replies
Assuming the rooms are the same size, lets say the 4/1 rents out at $450/r, the 3/2 has to rent out at $600 to make the same money.
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18 January 2019 | 2 replies
Large Cap Ex Items Doneregraded and paved driveway and all of parking lotAll new vinyl replacement windowsVinyl siding on both buildingsBuilt: less than 35 years oldGarden Style, 2 Buildings, one is 6 units, one is 8 units(efficiency apartments)I look for 10% 1st year roi based on 25% down and closing costs to buy property.Current Income-90,000 (current owner assumes 15% vacancy rates to be safe)Current Expenses-57,000( 2018)I see a potential for income to be- 95-98,000 within next 18-24 monthsExpenses-I calculated at 51,000 within next 2 years including the below metrics.All trash removal costs, property taxes and insurance costs were factored in as well.10% cap ex11% M and R(turn overs were included in this figure and 1/2 months rent paid to prop. management company for screening new tenants and placing them)6.5% current property managementI calculated my cash flow after paying mortgage and all the expenses was around 5,800$ per year.
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28 January 2019 | 13 replies
Yes - so I'll only have $11,900 left in the deal after I finish the cash-out refinance (last "R" in the BRRRR).
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19 January 2019 | 5 replies
I am going to skip past the “B” and the first two “R’s” for simplicity and to get to the point of my inquiry, which is Refinancing and Repeating.
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20 January 2019 | 2 replies
@Aaron R.
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17 February 2019 | 1 reply
Hi, new to BP and R/E investing...wanting to wholesale in US.