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25 January 2014 | 4 replies
.) - 75 Expenses $820 (I did not include utilities because normally tenants pay for that, but find out what is common in your area.Net Operating Income NOI (Income - Expenses) = $680Cash Flow: $680 - $1134 debt service = -454 You will not cash flow on this property, even if you get $1600 for rent and self manage, so this option is a no go.
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26 January 2014 | 7 replies
it is loaded with great info, it took me months to get through it.
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28 March 2014 | 22 replies
Buying discounted notes would get you there and be more sustainable, again, UNLESS you build and operate a hard money lending business (which can be sustainable), but less passive.
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27 January 2014 | 5 replies
This is a pretty big, "they don't know what they are talking about" mark in my book and I discount their entire operation to null because of it.
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26 January 2014 | 13 replies
Another is the management, typically provided by an operating company, frequently a franchisee.
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26 January 2014 | 3 replies
@John K.Our lease (actually the schedule 'A' to our lease) identifies the tenant is responsible for any by-law infraction fines assessed as a consequence of their failure to fulfill their obligations and responsibilities (put out garbage, clear snow, or mow the lawn, having non-operable vehicles on the property, etc).When we receive such a fine from the City, we pay it and then send the the tenant a letter and invoice for the amount of the fine, plus an administrative fee to cover our bookkeepers time to issue and collect the invoice {though we typically waive the administration fee on first offences}.
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21 February 2014 | 1 reply
Well worth a read especially if you're looking to be an operator promoted through a crowdfund site.http://crowdfundattny.com/2014/01/29/crowdfunding-cheat-sheet-3/
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2 February 2014 | 20 replies
Nat gas is about 60% cheaper than oil heat and also cheaper than EBB.EBB heat is the cheapest to install but it is very expensive to operate particularly in houses that don't have heavy attic insulation, wall & floor insulation and double paned windows.
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27 January 2014 | 7 replies
Management is one of the aspects, any partner that has a significant role may influence operations.