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26 May 2011 | 8 replies
Douglas - If the post was moved without your having 10 posts already, you got lucky; we typically remove any ad posts until the user gets the 10 posts required.You can of course bypass the 10 post rule by upgrading your account to a PRO account.I don't see us letting up on the 10 post requirement any time soon, and in fact, have considered more stringent requirements for some of our advertising forums.
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10 December 2009 | 12 replies
I have to go now, I am losing consciousness from holding my breath.
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14 December 2009 | 14 replies
You may be able to follow up with questions regarding their need to sell, overall financial situation, etc.Get them to talk about the property...condition, zoning, upgrades, value of other properties in the area, and what they think this property might be worth... assuming the condition is as they claim.The key is this...
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13 December 2009 | 0 replies
The building is in good condition.Lot Dimensions: 24.9x77.73Building Size: 5 stories plus basementProperty type: C7-Walkup over 6 families and storesNo. of Units: 9 (8 residential/ 1 Retail-bar)Gross Sq.Ft: 8,588Lot Size: 1,919Zoning: C1-8AAllowable FAR: 7.52 (currently 4.59)Additional FAR: 7,350 Air space rightsYear built: 1920 (major renovations and upgrades 1988)RE Taxes: $64,622Operating Income--------------------------------------------------------Unit|Tenant Status| Size| Monthly|Annual--------------------------------------------------------Basement (business)1919Ground (business)1919$19,991$239,8912Emonth to month2bdrm$3500$42,0002Wmonth to monthstudio$1800$33,6003ERent controlled1bdrm$140$16803WRent Stablized1bdrm$1140$13,6804Emonth to month2bdrm$3200$38,4004Wmonth to month1bdrm$2400$28,8805ERent controlled1bdrm$157$1,8845Wmonth to month1bdrm$2800$33,600Gross Operating income: $32,168 monthly and $433,615 annuallyExpenses-------------------------------------------------------Expense|Cost-------------------------------------------------------Taxes$64,662water$2,500fuel$10,000electric$2,500super$2,400maintenance$7,000insurance$7,350management (3%)$13,006Total expenses:$109,878Net operating income: $323,737The building apartments do need cosmetic and asthetic upgrades, I am told by the realtor that the upgrades run in total between 30k - 50k per apartment.current cap rate based on latest accepted offer: 5.9%least cap rate I am willing to accept to make an offer: 10%Real estate owner is also selling the bar that consumes the ground floor and basement of the building.
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30 January 2010 | 10 replies
The water heater needed to be replaced, and the manufacturer told my mother that the model was no longer available, but they would replace it with an upgraded version for $60-$80.
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8 February 2010 | 5 replies
I've got 2 places with a woodstove look-alike propane stove, but those tenants run the elctric forced air because electric is cheaper than propane.I know there are houses locally that have in-floor heat, but I wouldn't expect to see it in a rental, only because it is an upgraded feature.
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12 July 2010 | 14 replies
"Dandrews Capital Partners"I usually enjoy or learn a little new from every seminar, but the aforementioned was the most negative and unpleasant I've ever attended in ten years...That said, in your evaluation, of this or any other guru, be sure to get confirmed, in writing, before purchasing, that you are in fact ordering the level of service that fits your goalse.g . do you seek just a course manual, or also evaluation software, right to partner and finance deals, mentoring, transactional funding, etc.is what you want included in the basic bootcamp fee,if not what's the upgrade fee?
10 March 2010 | 2 replies
>Going from 4 to 6 units will require not only permits for the 2 new units, but likely upgrades to current codes for the existing units.But, I don't know about PA.You'd be (thoeretically) increasing demand on utilities by 50%.
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16 March 2010 | 2 replies
Here is my definition: At least two parties must consciously agree to certain actions are required.
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16 March 2010 | 5 replies
He might very well suggest upgrades that you don't need.