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27 August 2024 | 6 replies
Here are the details of the property:- Leased until July 2025: $1400 and $1450 per unit per month- Built: 1930's- Zoned O-2Information in the Rental Report:- Vacancy rate: 5%- Purchase Price: $310,000- Repairs and maintenance: 7%- CapEx: 5%- Property tax: $3,600 per year- Insurance: $2,400 per year- Roof: Broker mentioned it doesn't need immediate attention but will likely need replacement soon (~$15,000).- Cash flow: The report shows a $177 monthly cash flow.- Condition: The house is completely renovated.
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1 September 2024 | 79 replies
I didn't realize this post was getting so much attention from you all.
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28 August 2024 | 32 replies
Forbes had it as #1 back in 2017 n 18, but they were not paying attention.
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27 August 2024 | 4 replies
if you show them you can make 3-4 times what their cd is earning, you will get their attention!
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29 August 2024 | 6 replies
So thank you for bringing that to my attention I will begin looking into those asap.
29 August 2024 | 70 replies
So the Deed in escrow avoids some costs but also takes another step to be as protected as you were.I was in the mortgage business for about 15 years, and multiple title transfers do catch the attention of underwriters - from back in the days of fraudulent flips with inflated appraisals.
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25 August 2024 | 5 replies
I asked my roof contractor to remove the skylight and replace it with a normal roof as well (which he did a few days back).My tenant is saying to the PM that he is getting medical testing done now due to mold related health issues.
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26 August 2024 | 0 replies
The property was listed at a competitive price, which initially caught my attention.
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29 August 2024 | 33 replies
They are prescribed by a medical provider.It would be wise to educate yourself on ESAs before you get taken advantage of.
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28 August 2024 | 31 replies
I'll continue to pay attention to your posts with that type of track record!