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3 August 2013 | 1 reply
Being a naïve first time home buyer I was never satisfied by what he said, to my mind it's "for sale" I just saw it on the internet for sale this morning.
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11 August 2013 | 8 replies
2 bedroom / 2 bathroom, 1,320 sq ft each (2,640 total), new, all-brick, side-by-side duplexes.THE NUMBERS - TWO SCENARIOSSCENARIO 1 - Pay Asking Price, Collect Lowest Rent LikelyPurchase Price: $190,000Down payment @ 20%: $38,000 downLoan Amount: $152,000, 30 years at 6.00% (estimating here)PI: $911.32/monthGross Monthly Rent: $1,600/month (conservative estimate)Yes, I realize according to the 50% rule, I'm already cashflow negative.ExpensesTaxes: $2,119/year = $176.58/monthInsurance: $700/year = $58.33/monthVacancy: 8.74% (according to www.bestplaces.net, as of June, 2012) = $139.84/month - I think this is a bit high, as these units seem to have very little trouble getting occupied.Groundskeeping: $500 = $41.66/monthAdvertising (Craigslist, Internet, For Rent signs): $100 = $8.33/monthMaintenance/Miscellaneous: $1,000 = $83.33/monthTotal Annual Expenses (including vacancy): $6,097.48 = $508.09/monthNet Operating Income: $13,102.52/year = $1,091.87/monthLess Annual Debt Service: -$10,936/year = -$911.32/monthCashflow Before Taxes: $2,166.52/year = $180.55/monthYes, below the ideal $100-$200/month per door.Cap Rate: 6.90%Cash-on-Cash Return: 5.70%Taxable Net Income (after adding back $1,816 principal payments and amortizing over 27.5 years for $6,909): -$2,926.
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5 August 2013 | 22 replies
You may want to consider placing an ad in your local paper because as much as we want to believe everyone is internet/computer friendly, many aren't.
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2 May 2014 | 74 replies
You just how have to learn to navigate the gov sites.Employer and position give you a range of income, verify it with a phone call or two.About 15 mins of internet and phone is all it takes for a PRE-screen to save you time and gas..
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30 October 2014 | 8 replies
After relocating to the Pacific Northwest I joined the internet retail industry, and although I'm just starting to invest part-time, my ultimate goal is to sever corporate ties through buy-hold passive income.
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2 January 2016 | 6 replies
Can't be that hard I thought: I took some accounting classes in school and there are tons of how to tutorials on the internet.
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26 October 2014 | 2 replies
The lack of any online info makes me thinks that the owner is not internet savvy and/or not very motivated to put effort into the property.
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29 August 2015 | 21 replies
I truly believe, you are not going to get the help you need from the internet, a book, or a tape series.
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12 June 2015 | 36 replies
I couldn't possibly know the nature of your problem from a single internet blurb.
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20 December 2014 | 5 replies
Do an internet search to find dates and times, attend, and meet some local investors.