
6 December 2017 | 37 replies
I ran the numbers on my own and I got wildly different calculations.4 units are 2bd/1bth and rent for $5501 unit is 3 bd/2bth and rents for $675Total rents of $2875Owner pays some utilities at a cost of $8,800/ yearHere's what I got running it with the BP Rental Calculator (as self-managed):-Purchase price of $250,000 (I did estimate of $300k ARV price)-25% down: $62,500-Amount financed: $187,500-4.5% interest: P&I of $1,042.19-Capex: 7%: $201.25/mo-Maintenance/repairs: 7%: $201.25/mo-Vacancy 5%: $143.75/mo-Property taxes: $191.67/mo-Utilities: about $733.33 mo-Insurance: $220/moNOI of $14,209Income $2,875.00 - total monthly expenses (including debt service) $2,733.10 = $141.90/mo cash flow and 2.64% COC with a purchase cap rate of 5.68%.I told her I must be missing something, and she asked if I “had the NOI at $21,662?”
2 December 2017 | 4 replies
I am also interested In converting my Roth IRA to a self directed IRA.

29 November 2017 | 8 replies
Turnkey doesn't provide value to people who are willing and able to get rock bottom prices and cut costs on their own by doing their own rehab and self-managing.
4 December 2017 | 18 replies
When I responded back that I found no record of him as a licensee, his tone changed, and his profile went from samual roth to samual r or something to that effect.

4 December 2017 | 14 replies
Gloves: Self explanatory3.

1 December 2017 | 8 replies
If you use square trim you could stand the sheets of drywall up vertically, fire tape joints with self adhesive fire tape and cover joints with a 1" X 10" or 12" board similar to trim.

4 December 2017 | 45 replies
If you do buy it and allow him to stay (via lease or other means), make sure he signs something that says in BIG BOLD LETTERS something to the effect of "I UNDERATAND IAM SELLING MY HOUSE TO JOHN SMITH AND THAT IF I DO NOT MEET THE TERMS OF MY LEASE, I MAY BE EVICTED.

5 February 2019 | 50 replies
But, this could also have 0 effect on anything, which it very well might.

1 December 2017 | 3 replies
the domino effect would prevent my sale, which would prevent my buy bla bla bla i need a drink!

1 December 2017 | 1 reply
My husband is self employed and this month my credit card was 12k which is double last months, but it is a Chase card and we’ve paid it off every month since we have had it. 18k.