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11 January 2015 | 6 replies
I can get 3 cheap rentals @ $33k/each - rents $800/mo each.Income: 3 new properties x $800/mo = $2400/moExpenses: Taxes = $300/moInsurance = $200/moProp Management = $250/moVacancy = $250/moRepairs = $250/moTotal expenses = $1250/mo NOI = $1150/mo or $13.8k/yr-------------------------------------------Todays value of 3 current properties = $550k - $575kMortgage balance for 3 properties = $410kEstimated value after 13 yrs = $650-$670kSubtract $40k ($3k/yr x 13 yrs) for out of pocket expenses = $610k-$630k-----------------------------------------------------3 New rentals estimated value after 13 yrs = $60k x 3 = $180kNOI $13.8k/yr x 13 yrs = $180kI didnt factor in that I can use the NOI from the rentals to reinvest and purchase 1 additional rental every 2 yrs @ $27k w/ rent @ $700/mo ($350/mo addition NOI)It appears to be better to keep the 3 properties and just deal with having 3 mortgages until they are paid off.
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20 January 2015 | 24 replies
If not you could lose half your investment fast.I like deals where the cap is lower but you increase yield through the debt being placed with a lower interest rate fixed, longer amortization, non-recourse, first two years interest only etc.Better quality areas and increase the yield other ways.Now why your balance sheet is important is if you are worth 1 million but want to place 700k I would not put it then into questionable multifamily for a high cap.
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14 January 2015 | 12 replies
Once you add all of those rich neutral colors they will balance out the white roof.
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16 January 2015 | 6 replies
If so, and you have enough in your 401k to finance the necessary repairs (you can borrow up to 50% of your vested 401k balance, up to $50k), that may be the simplest way to go about financing the repairs.Another thing to consider is whether the needed repairs cost less than difference between the likely sales price as is and the likely sales price after the repairs.
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21 January 2015 | 9 replies
So the tradeoff for those things might well be worth the tradeoff you're giving up in returns.And there's nothing to stop you from mixing in some other unit types (like that 100k deal you're looking at) to balance your portfolio out and get more returns with sfhs.
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5 March 2008 | 14 replies
I'm a Democrat and think that Fox has actually been BY FAR the most balanced network in reporting the election.
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4 February 2008 | 4 replies
This means that at the end of the ten-year term there is still a balance due which must be paid at that time. 8)
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20 February 2008 | 8 replies
The owner will tell you the balance.
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26 March 2009 | 6 replies
I would only keep a max of $250 balance on that account at any given time.There is even an argument that paying your balance in full every month is not as favorable as carrying an existing balance over month to month and make $100 payments and charging another $100 each month.
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26 February 2008 | 22 replies
If you made a balanced decision as a REI to get a license when you do not need one to be an investor it comes with some trade-offs.