8 February 2019 | 6 replies
I hope to retire here so I have made every effort to remain on good terms.
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14 June 2019 | 8 replies
And make sure to account for the following expenses:1) Mortgage2) Mortgage insurance (PMI or MIP) or FHA Risk base3) Property Taxes4) City Taxes5) HOA (Home Owner’s Association) Dues and Fees and Assessments6) Insurance a) Property Hazard Insurance (0.3-0.45%) b) Flood Insurance c) Earthquake Insurance d) Umbrella Insurance7) Vacancy Rate (usually 8% - the equivalent to one month a year, or 5-6% if multifamily and/or if experienced, if not use 8%)8) Utilities (you’ll have these if your tenant is not covering them and/or during vacancy) a) Water § Sewer § Garbage b) Electricity c) Natural Gas d) Propane9) General Maintenance (usually 5%) a) Upkeep § Landscaping b) Snow removal c) Repairs d) New Appliances e) Make ready10) Capital Expenditures (usually 5%, higher is the property is old and obsolete, less if fully rehabbed and all mechanicals and roof are new)11) Property Management (8%, even if you self manage, your time still has value and there might be a time when you'll want to be completely hands off or you'll not be able to do it, vacation, retirement, etc.), including...
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23 February 2019 | 5 replies
How do you retire on your cash flow if the houses won’t be paid off until Youre over 80?!!
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8 April 2019 | 23 replies
I found a 69 year old man who is retired and has a pension and Soc Sec.
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27 March 2019 | 0 replies
I am curious to hear from you guys about living aboard after retirement.
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10 April 2019 | 7 replies
An older landlord, with a portfolio of about 50 single-family units, wants to sell his business and retire.
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12 December 2019 | 73 replies
For documentation, I found the easiest thing to do for all bank/retirement/credit card statements was to create a google drive folder with all this info.
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14 June 2019 | 7 replies
Newly retired and looking for a new challenge.