Snow bird, people go to florida for the winter.

It sucks for me now since it's a roof leak as now we're coming to winter with potential heavy snow and continued rain. 

Heat, electric, cable, water and sewer is metered out also.Insurance, taxes, trash, vacancy, repairs, snow/lawn add up to 18k.Gross Income - $56,000Mortgage - $16,000Income after expenses and debt services - $22,000Cash Flow Per Door - $305CoC Return - 41%Cost per Door on purchase price - $44,000Retail per door in my area currently - 30,000-35,000.Numbers work great.

@Marisa RoweRemove washer and dryers out of properties that require the landlord to pay for water Update all electrical lighting to LED Appeal tax increases / assessments Require tenants to mow / shovel snow

You take the gross income  and subtract out all of the operating costs and expenses (taxes, insurance, gas, electric, water, trash, lawn, snow, maintenance, CapEx reserves, management, etc).

BRRR method is by far the most profitable way to invest in real estate and create that investing snow ball!

Bought for $85k BRRR method is by far the most profitable way to invest in real estate and create that investing snow ball!

rents on topsham maine are bit all over map, generally higher than lisbon lewiston but not much lower than Brunswick if inside rt 295 line closer to downtown and river. zillow isnt used much as CL. if you rent section 8 or vouchers look to add price of landlord paid heating, snow ice removal, salt sanding,  which this season has been massive. 

Meeting this Thursday (2nd of month) since it snowed 1st Thursday of Month (Normal meetin is 1st Thursday of month).See you at the neext meeting!

RepairsThen run for the hills.In Bridgeport, Connecticut and many North East regions we also include Snow Removal and Pest control.Explore all markets but do your research, as to where net migration and jobs are heading.