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6 November 2017 | 3 replies
We owe around $4100 a year in taxes & insurance.
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7 November 2017 | 2 replies
Example:List Price $124,000ARV $200,000All-in Target $140,000 (70%) Refi Loan amountRehab Estimate $30,000Holding costs $6,000 (Includes PML interest only payment, insurance, utilities)Closing costs $7,000 (Acquisition and Refi closing)Purchase Price $97,000 (MAO) PML loan amountSo in this example you have a Private Loan amount of $97K.
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7 November 2017 | 5 replies
Real estate taxes, insurance, common area maintenance charges.
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23 November 2017 | 29 replies
It has master insurance itself.
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9 November 2017 | 6 replies
Hey everyone,Does anyone highly recommend any insurance carriers for multi-family units?
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22 October 2018 | 8 replies
See if you can get a quote for insurance on the property as well.
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6 November 2017 | 1 reply
Insurance coverage, creating an LLC?
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6 November 2017 | 1 reply
My insurance agent called me today to tell me that my personal umbrella policy covers up to 4 units, and that now that I have 7 units, it won't cover any of them.
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8 November 2017 | 3 replies
PURCHASE COSTS: Purchase Price ($62,000.00) Inspection(s) $400.00 Appraisal(s) $450.00 Survey(s) $0.00 Lender Fees/Costs $0.00 Closing Costs ($5,200.00) Other $0.00 Total: -$66,350.00 REHAB COSTS: Labor (from page 2) ($13,900.00) Materials (from page 2) ($16,380.00) Total: -$30,280.00 HOLDING COSTS: Mortgage Payments $0.00 Property Taxes ($300.00) Insurance ($700.00) Utilities ($900.00) Lawn Care $0.00 Other $0.00 Total: -$1,900.00 SELLING COSTS Selling Price $130,000.00 Commission To Agents ($7,800.00) Buyer Home Warranty ($500.00) Buyer Termite Letter ($50.00) Buyer's Closing Costs $0.00 Seller's Closing Costs $0.00 Total: $121,650.00 PROFIT: $23,120.00 On to my questions:- Other than potentially needing to pay some of the end buyer's closing fees, am I missing anything else that should be accounted for?
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15 November 2017 | 7 replies
The condo HOA has insurance that covers the exterior, so we just need to cover for the studs-in and contents.