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1 June 2015 | 5 replies
This varies by state, purchase price and the individual wholesaler.The fact that it's listed can muddy up the waters some, but if it's a good deal then people will get creative.Good luck!
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1 June 2015 | 1 reply
This would bring my numbers as follows:Monthly Rent - 1500Principal and interest - 693Taxes - 1850 yr (154 month) estimating conservatively Insurance - 1200 yr (100 month) also an estimateCapex - 150 month Maintenance - 150 monthVacancy - 120 month (8%)No property management due the self managingTenants are responsible for all utilities (separate meters for electricity, gas and water.
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1 June 2015 | 0 replies
It is going to need a complete overhaul on the inside due to water damage from a recent flood.
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5 June 2017 | 113 replies
You pay your debts, you are not negligent, you keep the property in good condition, you have good lease agreements, give an equitable consideration to a tenant to hold you harmless and indemnify you, so that agreement holds water.
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21 January 2018 | 46 replies
Valdosta remains pretty much untouched by the flood of guru-taught wholesalers.
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4 June 2015 | 16 replies
I want to live in one unit and rent two other.Asking - 249000All three units are rented.Monthly - 2200 ( for Two units, since I am going to live in the third unit)Taxes: $7,663> Insurance: $3,495> Oil: $2,600> Management fee at 6.5%: $2340> Sewer and Garbage: $1100> Lawn and Snow: $900> Water: $840> Cleaning: $400> Electric: $240> Rent License: $115> Vacancy: 2640> Total: $ 22333.00> Net Income is therefore 26400 - $22333 = $4067Am i missing anything?
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1 June 2015 | 4 replies
Hello everyone,We looked at a property that needs some repairs (new water heater, washer/dryer, dishwasher, paint, flooring, kitchen counter-tops, cabinets).
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3 March 2016 | 10 replies
I do have comps of the area and own a house 2 houses down from this property, so I know what the property is worth, but most properties aren't water font in the area nor are they this large so it's a little different.
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23 May 2016 | 33 replies
At 100 doors that is about 46 a month for water and sewer.
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2 June 2015 | 13 replies
@Joshua Nudell isn't right about the expensive lesson yet, but he could be at any water leak now.