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2 August 2015 | 7 replies
How can i estimate ARV if seller will not allow me to walk through sue to tenant occupancy?
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19 August 2015 | 13 replies
You can't find them all at the same time anyway You actually have to start with the first one anywayWhat's wrong with doing one at a time or at least the first one and see how you do with the estimating and the hiring of the contractors and the Rehabbing and the renting.
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18 October 2015 | 12 replies
If you do decide to move forward with your due diligence than I highly suggest you have at least two mobile home experienced handyman walk through the properties and give you an estimate on the repair work needed.
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4 August 2015 | 4 replies
The agreed upon price is $91,000 with a $40,000 rehab (had my contractor come out and give me an honest estimate with me there, I've used him many times before).
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3 August 2015 | 3 replies
You need to educate yourself on the rehab process and have a feel of how to estimate rehab costs.
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3 August 2015 | 5 replies
I have a very successful and profitable business in student rentals and will provide the buyer with the information and guidance to make this property an ongoing financial success, including advice after the closing if wanted.Estimated Financial InformationPrice$164,000 Monthly Rent2,520 Annual Rent30,240 Utilities (water)($480)Current Taxes($2,640)Repair / Maint (7.5% rent)($2,268)Insurance($1,000)Annual Operating Income23,852 Closing Costs5,000 Mortgage (80%LTV)131,200 Total Cash Invested37,800 Monthly Mortgage Pmt @ 4.5%, 30yr($665)Annual Mortgage Pmt($7,977)Estim Net annual cash flow15,875 Cash on Cash Return42.0%Gross Rent Multiplier5.4Cap Rate (NOI / Price)14.5% So here is my question:Is is reasonable to rent student housing for 12 months a year?
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4 August 2015 | 15 replies
@Peter Appla a good site to use to estime rent is www.rentometer.com
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4 August 2015 | 17 replies
I put 7% for these as an estimate because the property has a newer roof, new boilers, and does not have a septic system.
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23 January 2017 | 9 replies
I am using private money to fund the deal and would repay once the refinance portion is in place.2 Bed/1 BathOffered: $21,000 all cash, no inspection contingencyClosing Costs: $1,500Taxes Current Year: $1,800Needed rehabs(Estimated): - Fix grade issue $300- Demo and remove patio $500- Demo and remove moldy drywall in basement $150- Repair basement cracks/seal/paint $500- Dehumidifier $300- Paint interior $300- Paint Exterior $200- Add/repair downspouts $500- Replace boiler $3,000- Replace siding on carport $400- MISC Electrical $350- MISC/Oversights $1,000TOTAL Rehabs: $7,500ALL IN TOTAL: $31,800Comparables in the area are around 45k-48k on average.
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4 August 2015 | 5 replies
I would estimate about 5 hours per week if you have contractors doing the majority of the work.5.