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24 April 2024 | 7 replies
Elaborating further, as input: - percent vacancy- percent CapEx- maintenance and repairs- utilities- property managementAnd output the following:- cash flow- cash-on-cash return- and would be nice to have Net Operating Income and Cap RateIs there anything like that or is it better to build myself one?
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24 April 2024 | 2 replies
It feels like a constant cart before the horse but I have become better at scaling over time, today own and operate 194 units mainly in the manufactured home space but we have more than a dozen single-family homes, a motel, and an apartment complex.I have myself in a CEO position but I also fill the position of sales and acquisitions.
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24 April 2024 | 13 replies
I just had a similar situation where I raised the rent on a unit somewhat significantly to a rate that was better for me but still considerably under market value.
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24 April 2024 | 27 replies
Usually 10% of my tenants leave the place better than they moved in, 10% of my tenants leave the place worse than they moved in and we had to exhaust their security and pay the cost in terms of 6 to 12 months rent to bring a property to listing condition (depend on how long the LTR tenants have lived there of course).
24 April 2024 | 18 replies
I ultimately decided that it was better to reevaluate after a year of saving and I'm now in a significantly better position to restart the process.
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24 April 2024 | 36 replies
In the end, if you do the math right and you are putting it on top, it would be better than losing time and potential money to interest payments if you have a loan.
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24 April 2024 | 3 replies
That way you can use that 2% to do a rate buy down to ensure a better cash flow.If you are buying it as a Primary owner occupancy I would ask for 3-4% seller credit to cover rate buy down and a portion of closing costs.
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23 April 2024 | 1 reply
In a better market you might be able to use those things to get a better deal on commercial insurance but in the current market there won't be flexibility.On personal policies/1-4 unit rental dwelling policies there won't be any flexibility whatsoever unless it's something the company already has built into their guidelines/pricing.
24 April 2024 | 9 replies
This will give you a much better idea of how much home aka house hack you can afford.Good luck James.
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24 April 2024 | 40 replies
I agree Michael - the more the better.