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13 November 2016 | 7 replies
Owner pays the lawn/snow - about $1,000/year, the water/sewer - also about $1,000/year, hot water (property has a Rinnai instant hot water heater) which runs about $1,400/year and he pays the electric for apartments 2&3 as they're on the same meter.Gross Rents: $18,960Taxes: 2,900Insurance: 600Lawn/Snow: 1,000Water/Sewer: 1,000Propane: 1,400Electric: 1,400Trash: 720Debt Service: 4,500Vacancy/CapEx: 2,500Leaves a profit of: $2,940/year.
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16 November 2016 | 18 replies
Nashville is a super hot market as mentioned above.
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16 November 2016 | 7 replies
I have been in MIAMI lots of people when they hear MIAMI they think automatically the hot market,it hase the top line and low end properties , just like in central florida winter park witch is one of the best area you can invest in with confident but doesn't mean winter park dozen't have it's low area but they still hold good value because of many factors close to upscale properties ,very low crime rate, near college park the best college in central florida equivalent to Harvard university Boston MA ,if your a beginner I would focus on lacation first because you can get the best deal when it comes to dollar sign but the return can be dadly because of the location ,you have to make sure for been far where you at in MIAMI to partner with someone from that area is very wise .
18 November 2016 | 4 replies
They have been super hot right for some of the investors that I have come across.The smart investors are covering (or even making more profit on top of) their holding period monthly/annual expenses (mortgage, property taxes, maintenance, etc.) by renting out the property as a short-term rental (more information here in this utlimate guide to short-term rentals that I recently helped collaborate on with some other professionals in the industry) while biding their time for the market to rise as Millennials and Empty-Nest Boomers continue to spike prices as they flock into theses cities in droves.
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22 March 2017 | 11 replies
The market is pretty hot at the moment, with few triplexes or 4plexes, and a few more duplexes.
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17 April 2017 | 7 replies
I am the only income earner for our household (wife and son) and am able to save some cash.
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8 April 2017 | 6 replies
We have found the following benefits:1) We can demand an extra $30 - $50 per month in rent for the convenience of en-sute laundry;2) Tenants pay their own electricity, hot water and, if sub-metered, water costs related to laundry;2) In small residential buildings (like your quad) we often no longer require an electrical entrance for the house;3) Vandalism of the laundry machines is non existent {though it was never significant} ... if something happens to a machine, we know who is responsible.4) High-efficiency residential laundry units are 50-70% the capital cost of equivalently performing commercial coin-op machines {between the extra rent and depreciation, we find the machines are paid-off in ~2.0 - 2.5 years}.
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17 April 2017 | 9 replies
You could always get them to pay all of the household utilities and amenities, even some of your personal bills in roughly the same amount that rent would be.
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7 April 2017 | 6 replies
Denver front range is a very HOT market with lots of competition and low inventory.
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4 April 2017 | 6 replies
Philadelphia really has a diverse real estate market extending opportunities in all categories.Big suggestion to join Diversified Investors Group your local REIA Linked to National REIA which extends education, networking and opportunities.House Hacking is a hot movement right now whether using FHA or Freddie Home Possible.Let me know if there are any questions.Regards,Joe Scorese