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7 December 2015 | 47 replies
Similar to what the OP was asking his realtor friend who owns 11 properties and never has a missed months rent.
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13 November 2015 | 12 replies
As for the OP, it is a terrible idea, aside from being dubious from a legal point of view.
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26 November 2015 | 23 replies
But probably more accurate than the OP's assumption that it's $1500 to reinstate.
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15 December 2015 | 31 replies
I didn't see that the OP was from San Francisco.
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15 July 2015 | 36 replies
If that is the case for the OP, then he may be able to charge that to the security deposit.
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4 September 2015 | 33 replies
But that being said, the OP asked why would anyone sell a good asset and while I agree with what you say, I've seen plenty of transactions driven by ego!
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31 October 2015 | 20 replies
My guess is that you'll make ~$25/month.Mortgage Rate 5.00%Length of Mortgage in years 30Monthly Mortgage payment $386.51(PITI of about $750 - $185 = $565)Taxes $95.83 (PITI of about $750 - $185 = $565)Sewer and Water $- Trash $- Heat/Utilities $-Cap Ex and Ops $150.00 (this you need to save for replacing everything from roofs to water boilers)Insurance $83.33 (PITI of about $750 - $185 = $565)Mgmt Fee $90.00 (even if you want to manage it yourself, pay yourself for the time)Vacancy $72.90 (8.3% is 1 vacancy/door/year)Total Expenses $878.58Total Revenue $900.00 Cashflow/month $21.42 Cashflow/year $257.06 Cash on Cash Return 4.67%
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22 July 2015 | 10 replies
The OP stated "I have about $150,000 tied up in mutual funds that I'd like to put to better use".That should be the comparison between what his turnkey RE investment might make and what he is getting now.
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23 July 2015 | 3 replies
Since the OP I have spoke with a few other flippers in the area, and none of them have this license BUT admittedly haven't got caught.Currently I am looking for someone with this license to get the permit, get back to work and finished.Future I will be getting licensed, to skip this middleman step.Thanks again.
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16 September 2015 | 24 replies
.@ OP - SF sounds like a bubble; wait it out you might get lucky when it pop's