28 October 2018 | 4 replies
2) 2% for repairs seem low for a 4-unit. 3) 2% for vacancy seems low as well. 4) i would go 10%-15% overall for a vacancy and repairs budget. dependent on area and tenant base.
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13 December 2018 | 20 replies
@Robert Sims another thought would be to put some storage units there if the demand supports.
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26 October 2018 | 3 replies
Water bill looks very low for a 16 family and you will see higher expenses.
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26 October 2018 | 2 replies
With an FHA loan and first time homebuyer credits, your out of pocket cost to buy will be surprisingly low.
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29 October 2018 | 8 replies
This way you can get rid of low quality tenants quickly instead of riding out a year lease/evictions.
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29 October 2018 | 14 replies
It's pretty easy to see areas that consistently get high rents and bad areas that get low rents.
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26 October 2018 | 1 reply
You need to work with experienced local pros, if the margin is low.
27 October 2018 | 10 replies
Here's my dilemma - Looking strictly at cash on cash, it's quite low, and it'll take 10 years to get my money back.
14 November 2018 | 5 replies
I also own all of my vehicles so I have no car payments and low insurance.
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29 October 2018 | 2 replies
Your repair budget looks weird, you have money for exterior siding, painting, garage, etc. and this is a condo.Initial closing costs of $450 seems low?