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25 January 2021 | 5 replies
This will include driving to the property (30 minutes each way), stopping off at the Home Depot/Lowe's/Favorite Hardware Store to pick up parts, and repair time.
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12 February 2021 | 3 replies
I would let them store their extra belongings in the 2 extra bedrooms in my unit for a low fee (let’s say $50-$100 a month).
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25 January 2021 | 0 replies
According to a study by the Latino Policy & Politics Initiative at UCLA, 40 percent of Black and Latino residents live in neighborhoods with high density, lack of green space, and few grocery stores.
26 January 2021 | 0 replies
2 Family Building RentMortgageOther ExpNet Profit 1st Floor - Taxes 1,124 2nd Floor - Insurance 292 3rd Floor 1,500 Heat - 4th Floor 1,550 Water&Sewer 150 5th Floor 2,800 Electric 100 Store - Maintenance 200 Total Monthly 5,850 4,316 Total Monthly 1,866 (331) Total Annual 70,200 51,787 Total Annually 22,388 (3,975)Owner based on downpaymentOwnership %Monthly IncomeAnnual IncomeCash DownROI %Joe100.0% (331) (3,975) 124,500 -3.2%0.0% - - - 0.0%Total100.0% (331) (3,975) 124,500 -3.2% Dollars Rent Multiple: Building Mortgage Purchase Price $ 995,000 14.2 Loan Amount $ 895,500 201K Renovations - Loan term in years 30 Seller Concession Percent 0% Cap Rate: Interest Rate4.000%Seller Concession Dollars - 4.8%Monthly Payments $ 4,316 Price with Concession $ 995,000 Annual Payments $ 51,787 Percent Cash Down10.0%ROI:Cash for financing 99,500 -3.2% Private Loan Closing costs (besides concession) 25,000 Loan Amount $ - Cash Renovations - Payback: Loan term in years 30 Cash dispensed at Closing $ 124,500 -31.3 Years Interest Rate4.000%Piti Reserves (6 months) 25,893 Monthly Payments $ - Cash needed liquid at Closing $ 150,393 Annual Payments $ - Tax Impact: Deal Structure Pre Depreciation Profit 11,992 Building Mortgage $ 895,500 Depreciation 36,182 Private Loan - PreTax Profit (24,190)Cash $ 124,500 Tax Rate25%Other Funds/(Surplus) - Tax (Savings)/Cost (6,047)Total Purchase Price + Costs $ 1,020,000
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27 January 2021 | 4 replies
Google Drive or another cloud storing source is a great friend for keeping documents at the ready so you can quickly send files to a lender when needed.I think a large part is understanding the process so you have a 30,0000 foot view when purchasing a property and can see what is ahead so you can prepare everything ahead of time and just submit when it is time.
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29 January 2021 | 6 replies
I'm sure good things are in store for you.
20 February 2021 | 5 replies
Unless you have a relationship with the store manager at your local Home Depot and get first pick.
28 January 2021 | 9 replies
It’s 1/2 block from metro and grocery store and in the desirable Waterfront part of DC.
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1 February 2021 | 8 replies
We are thankful to all our close friends and family that have helped us with personal investments to get to this point and are excited to see what the future has in store for us.
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27 February 2021 | 126 replies
[Link removed by moderators]another startup I'm with Hago Energetics Inc. has just received a $150,000 Grant from Calseed and has lots of new business as a public benefit corp.A friend's company BOKU in Ojai, California has raised over $500,000k and all during this pandemic while their retail store is closed.