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23 August 2015 | 34 replies
I've had Stanley steamer every 4 months The padding underneath is starting to to des inaugurate and it's coming free from the walls it was not new when I moved in I believe it is original My question is I was told by my brothers contractor that he could install laminate flooring for 2300 I am willing to pay for some.
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25 November 2018 | 4 replies
I am not seeing an HOA fee, you'll want to factor that in. I
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22 September 2015 | 15 replies
I am interested in all areas of real estate, but my most favorite that I would love to become expert in is how to use real estate to generate cash flow (investing in buy and holds) and wholesaling since I have little to no cash to start out with.I would really like to take this opportunity to connect with other investors in the area.
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7 April 2015 | 6 replies
Thus far I have been working with the listing agent on any properties that I am interested in. I
2 April 2015 | 14 replies
How do I decide what state to invest in? I
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4 April 2015 | 12 replies
I recently finished renovating one side of the duplex and moved in. I
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3 April 2015 | 5 replies
The seller doesn't doesn't want to rent it out as of now because he is looking to exit REI altogether, which is where I come in. I
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15 March 2017 | 12 replies
Hey @Mark Moyer, thanks for checking in. I
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3 April 2015 | 6 replies
The property we are interested in is about 2 hours from our house and my husband does have a background in construction.The property is listed at $234,000, I would hope to get is for $200-210k due to it being on the market for quite a while, it is in good shape with a newer roof, windows, furnaces etcBased on the home being 210k:Typical rents for area, property was prior owner occupied entire building so is vacant 1 3 bedroom 1 bath unit $1300 1 2 bed 2 bath unit $1100 total=$2400We would plan to put 20% down, our mortgage at 3.75% would be=$778A quote I got for homeowners insurance was = $134/monthVacancy = 10% = $240Property tax = $383Water/Sewer = $40Maintenance = 10% $240Management = 10 % $240 (Ourselves, but will hire people until we move to NH to owner occupy)expenses= $2015Monthly cash flow = $385annual gross income = $28,800 annual expenses = $24,180 annual cash flow $3,820cash on cash return $3820/$42000 = 9.09%ROI $3820/$210,000 = 1.8%I'm not sure if this will be a worthwhile investment, the main reason I am interested is that it is in a good area, the north end of Manchester.
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3 April 2015 | 8 replies
Unfortunately the area we live in is fairly expensive and another property in decent condition would cost $325k+ and any good properties are usually under contract in less than a week.