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12 May 2021 | 3 replies
Below is a screenshot of the model results but see below for a break out of the assumptions:Purchase price = List price (room for negotiation)Closing Costs = Estimate from lenderDown Payment = requirement from lender @ 25%Interest rate = rate offered on a two unit rental from lender Total rents/Month = current rents in place (room to raise based on market) Property taxes, Insurance, Water/Sewer, Trash removal = all reflect actual amounts paid by current ownerVacancy rate = 10% of gross rent Cap Ex = 5% of gross rentMaintenance & Repairs = 5% of gross rentMonthly free cash flow = $155Total ROI = 7.14%My question is simple, do you think this is a good deal?
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13 May 2021 | 11 replies
It was also used in water pipes years ago, which is the reason some cities struggle with lead poisoning in their water.
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29 June 2021 | 8 replies
Hi all-I'm testing the waters to see if my contractors are missing something.
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12 May 2021 | 3 replies
Who pays water/gas/trash?
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11 May 2021 | 6 replies
and am planning on doing another HH (4 - plex) when I can, I'm also looking to break into small mulit-family ((8 - 15) units) as my first "real" investment by raising private capital, both by the end of the year hopefully.My question is meant to start a conversation as I look at House Hacking as dipping your toe in the water prior to diving in, there is not much information on what to do between dipping your toe in and swimming... so, 1.)
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13 May 2021 | 10 replies
For instance if you had a few acres in an undeveloped area, you may use it for camping or if there was water on the property maybe fishing.
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14 May 2021 | 6 replies
Then He plays very loud music, won’t let anyone in his unit including the water department cause our water bill and electric bills have skyrocketed, when the contractor goes upstairs to fix the upstairs unit he lets everyone know there was a suicide in the unit which we feel will scare away another tenant when we are trying to get it filled.
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12 May 2021 | 8 replies
You need to make sure the basement is 100% dry or you will deal with water and mold problems, destroying your investment.
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12 May 2021 | 1 reply
At the time, I was selling water systems door to door and purchasing property was the furthest thing on my mind.
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14 May 2021 | 9 replies
Being interested in new technology, I decided to test the waters and purchased 1 NFT worth $50.