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3 November 2018 | 35 replies
I am the owner and the developer.. but we put each community into a separate LLC for obvious reasons.. and my company that has the license is the co owner of the LLC..
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17 October 2018 | 0 replies
I find myself when making offers, obviously wanting the bottom bottom line price, for good reason.BUT, when does the potential of losing the deal over a few thousand dollars become not worth it?
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18 October 2018 | 66 replies
Obviously they know that most landlords are afraid to lose/turn over tenants and they are attempting to use that to intimidate a weak landlord into capitulating.
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17 October 2018 | 4 replies
I am totally new to the investing world.
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18 October 2018 | 2 replies
I don't mind something that needs a little rehab just not a total gut job since I am not in the area.
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17 October 2018 | 4 replies
Up/down double $57,000 purchase price (hopefully less)PITI = approx $500/mo with 25% down conventional loan$14,250 down + closing costscurrent rents total just over $1200/mo for both - leases in placelandlord currently pays about $200/mo for water/sewer/trashI figure about 10% vacancy and 10% maintenance which leaves me with about $400 monthly cash flowThe two major concerns I have are that it needs a new roof (tear-off) and that it has a funky layout.
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31 October 2018 | 4 replies
Up/down double $57,000 purchase price (hopefully less)PITI = approx $500/mo with 25% down conventional loan$14,250 down + closing costscurrent rents total just over $1200/mo for both - leases in placelandlord currently pays about $200/mo for water/sewer/trashI figure about 10% vacancy and 10% maintenance which leaves me with about $400 monthly cash flowThe two major concerns I have are that it needs a new roof (tear-off) and that it has a funky layout.
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19 October 2018 | 10 replies
Totally worth what they charge to avoid trying to dig into all the details yourself.Also, you can only depreciate the building, not land.
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18 October 2018 | 8 replies
If a property that is worth 5.3 million today at 6% cap approximately, can be bought at 5% interest rate; if the same property I could get at 4.3 millions in 2 years if the market falls, then interest rate possible at 6-7%, my cash on cash may be better but still not significantly better due to the higher interest rate, plus opportunity costs of sitting on capital for 2 years (1.3 million investment earning 1% bank interest instead of 7% COC if invested, loss of tax break depreciation, total loss may equal 200k loss in profit), plus increase in the rents and some value add could increase the cap from current 6 to 6.7 or so in 2 years.Unless, I find another source that can give me a COC of 7%, sitting on cash for 1.5-2 yrs for market to correct may itself be a loss.
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18 October 2018 | 8 replies
@Ed Matson I hear you, we use them on interiors and are obviously considering it as an option.