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19 January 2022 | 0 replies
Also, nice to have family nearby to check on it.
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21 January 2022 | 2 replies
I'm self managing.Y1 Budget as follows:Rent: $45,600 (based on current leases)R&M: $3,000Landscaping: $1,000 (I live nearby and can do much of this)Insurance: $1,400 (estimate)Taxes: $8,286 (after reassessment)Other expenses: $885 (buffer)NOI: $31,002Debt Service: $28,006Cash Flow: $2,995This is before any renovations or rent growth.
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21 January 2022 | 2 replies
I was fortunate to find a lightly used garage door nearby.
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27 January 2022 | 8 replies
I would even say that some of the mistakes could be made investing nearby as well, but I do understand investing long-distance compounds those issues.
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22 January 2022 | 1 reply
Any landlords nearby?
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24 January 2022 | 8 replies
Amazing that you have friends/family nearby willing to work for free.
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28 January 2022 | 9 replies
Also are their any anchors nearby or other well known tenants that confirm that the area is worth the investment such as a target, chipotle etc.
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27 January 2022 | 13 replies
Hi Zaire, I am a buy and hold investor myself nearby out of Berlin CT.
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24 January 2022 | 3 replies
I haven't developed in an area like this...but I know from my experience and those of friends, that a high-power line running even nearby the property is a big turn-off.
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25 January 2022 | 5 replies
My advice is make sure there is a hardware store nearby!