20 December 2015 | 11 replies
Viewed documents and thought a 'mess' to clean up.
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20 December 2015 | 8 replies
Definitely need to understand that 10% of gross rents go to capital expenditures, 10% goes to maintenance, 10% needs to be included for future PM fees, 8.3% needs to be included for vacancy, and then pull all your numbers on the electric, gas, and water that you would be required to cover.
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24 December 2015 | 6 replies
I ALWAYS go through a title company for a clean marketable title.
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24 December 2015 | 5 replies
Gutted every room, Updated the electrical, most of the plumbing, kept the hvac.
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23 December 2015 | 4 replies
We took care of any repair/cleaning/make ready issues quickly, got the property back on the market and found a better qualified tenant, for higher rent, in less than a week.
22 December 2015 | 7 replies
I've had a few tenants over the years ask to break the lease for various reasons; however, they all agreed to my requirements that they show the unit to prospective tenants (so I didn't have to pay my contractor to do it), keep the units clean and tidy, and pay the rent until the day another tenant took possession.
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23 December 2015 | 5 replies
I have about $20k in student loan debt and have been throwing around the idea of putting it on the market in the spring in order to give me a clean slate financially speaking.
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1 January 2016 | 40 replies
With 44 units it gets a little pricey but if it avoid one plumbing call or one electrical call throughout the year it pays for itself.
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24 December 2015 | 11 replies
Thanks for any input I could do standard loan just want to close faster.Property2 duplex's on the same propertyHave agreed for 93,0003 units pay 245.00 weekly 38,220 yearly1 unit 750 a month 9,000 yearlytotal 47,220 taxes 1358.00 I have to cover electric on 3 units the bills for the last 6 months have been under 350.00 every month.I was going to close 8 Jan but need to see if I can get that pushed back now. would like to find a HML that would do 25-30% LTV
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23 December 2015 | 1 reply
He can do everything from dry wall to roofing, cabinetry, painting,... virtually anything except I don't want him doing electrical or plumbing until he gets licensed by a technical college for that.