28 June 2015 | 3 replies
Anything else you can think of is paid for (I live rent free, all utilities covered, vehicle free, etc).
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3 April 2016 | 64 replies
Project update for our single family colonial flip in Plainville, ConnecticutThe hardwood floors in the living room, dining room, and front entry way are in the process of being refinishedthe entire upstairs is complete The shutters are up and the front door has been paintedthe kitchen has been demoed, utilities have been relocated for the sink, and the kitchen has been painted as well.tomorrow the cabinet install will start and should be completed by ThursdayOnce the cabinets are installed we are having the granite coming out to template the counters on Monday and are hoping to have them installed later next week.
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19 July 2015 | 23 replies
In fact based on the phone interview, application data and reference checks you should have a firm grasp on who this person is, the credit report is a factor in my decision and is utilized to validate a lot of the information already provided; if it doesn't match or is incorrect; See ya!
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28 June 2015 | 9 replies
Taxes- $1,312Sewer and Water- (paid by tenant) $90/moTrash- $0Heat/Utilities- (paid by tenant) $130/moHOA- $0Cap Ex and Ops (my personal minimum is $150/roof/month)- I had planned on 10%.
27 June 2015 | 2 replies
Purchase price: 270kCurrently rented for: 3500/monthExpenses: 600/month (taxes, insurance, utilities < water for one unit)Prop Mgt: 300/month Maintainance: 120/monthCapEx/Rainy day: 230/monthVacancy: 175/ month (5%)Debt service: 1090/ month (@5% interest)Total: 2500 (approx)Cash Flow: 1000/month (200 per door)Downpayment: 70k (25%)Cash on Cash: 17%What are the downsides of such a package against a multifamily unit?
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29 June 2015 | 28 replies
How might someone utilize your services to implement a BRRR strategy in Cleveland?
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30 June 2015 | 6 replies
Would deff utilize the driving for dollars and possibly narrowing that neighborhood down to specific homes with in the neighborhood based on the distressed atmosphere of the homes in the neighborhood.
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29 June 2015 | 8 replies
Utilize a competent RE attorney for sure - when you have something specific to go over @Brian Humphrey.
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29 June 2015 | 3 replies
In other words if you live in a duplex, you can only deduct half of your expenses such as depreciation, landscaping, common utilities, etc if they benefit the entire property.
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3 July 2015 | 20 replies
If you don't want to say publicly, I'd love a direct message (Haven't figured out how to send one yet...).The big reason I'm going with 50-75% down and not taking much more advantage of leverage is due to this being part of a 1031 transaction and I have to utilize the sale of the current house in its entirety to shield myself from taxes.