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4 January 2010 | 21 replies
Look at Wikipedia, references to source material are encouraged.
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11 August 2008 | 11 replies
This is what it looks like.6plex Sales Price $325,000 Loan Amount $260,000 Interest Rate 7.125%Term in Years 30Loan to Value 80.00%P & I $1,751.67(This loan is through an Alaska housing program for which both this property and I qualify for.)Total Rental Income $57,600 Less Vacancy 10.00% -$5,760Adjusted Gross Income $51,840EXPENSESTaxes $4,584 Insurance $2,580 Utilities including Refuse/Cable $9,661 Management $4,725 Maintenance & Repairs $1,000 Replacement Reserves $1,800 Miscellaneous $1,000 Total Expenses $25,350 Net Operating Income $26,490 Total P & I $21,020 Net Cash Flow $5,470 = $455 per monthI know that the cash flow doesn't look that great with the property management cost but it is required to be factored in for this program.
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8 December 2008 | 42 replies
This is also a good idea for properties you want to use for Section 8 tenants because the tenants still have to pay utilities and reducing monthly expenses helps your property be more attractive to government officials trying to provide affordable housing.Of course everyone has heard about the importance of curb appeal and now it is more important than ever.
27 April 2009 | 21 replies
Same thing with some utility companies.The State can put a lien against the property for their taxes owed.
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17 June 2008 | 1 reply
Craft a marketing message that can be written in a letter or on a postcard, obtain a list of the mailing addresses of members of your target audience, and mail your marketing materials to the list.
26 June 2008 | 17 replies
I always had a LARGE PRINT section on my lease explaining that ALL UTILITIES were to be transferred PRIOR TO MOVE-IN.
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21 June 2008 | 5 replies
First off I just want to say I understand this can be completely personal preference.From reading much of landlord material here and other places it seems as though many rent SFH's.
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13 May 2016 | 67 replies
Combination of home study, materials, boot camp and software.
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20 August 2008 | 7 replies
How much rock hammer, how close are the utilities, that sort of thing.The income of the local population affects the price.
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9 July 2008 | 23 replies
What are your thoughts on this statement: " getting the previous owner to keep the insurance on the property in his name to conceal the change in ownership is arguably conspiracy (two or more persons), mail fraud (something related to the insurance will go through the mail either from you or to you), concealment of a material fact, and false statement (to the insurance company about who is the current owner).