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23 October 2016 | 8 replies
Assuming 15k in repairs and you can refinance for 60K, then your break even rent amount (after expenses) comes close to $800.
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8 October 2016 | 11 replies
These expenses can add up quickly and close in on your margin.
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8 August 2016 | 5 replies
With in 5-7 years I would like to be able to financially stable, that is to say that at this point I can cover all living expenses as well as be able to be able to purchase a car, or new appliances, or cover medical bills, all without having to worry about if I'll enough money to eat that week.
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7 August 2016 | 5 replies
Do you plan on using some sort of accounting software to keep track of income and expenses?
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4 August 2016 | 6 replies
Insurance is a pass through expense to us (part of our monthly lease payment) so if we screw around filing claims and our rates go up that passes to us to.
3 August 2016 | 1 reply
I've done a few flips in the past but the contractors were quite expensive and on the slower side for completing the work.
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9 August 2016 | 35 replies
I average around $200/unit/month for regular operating expenses (many of which might not show up in first few months of ownership) and use around $50/unit/month for CapEx.
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4 August 2016 | 16 replies
In my city, that much would by a really nice house in the expensive area of town, but I'm in Knoxville, TN.
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10 August 2016 | 19 replies
Here are the details:$319k (with an ARV of $319k)15 bed / 6 bathGross rent: $9050/monthMortgage: $2799.45 (100% financing at 10%)Total Operating Expense $3849.33/month (Maintenance 17%, Vacancy 7%, tax and insurance included)Monthly Cashflow: $2401.21If you have any thoughts on this property, I'd love to hear them.
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16 August 2016 | 45 replies
All income I make, I can have various types of expenses deducted.