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10 October 2015 | 2 replies
If the properties are similar in construction and equipment (furnace, AC, water heater, ranges, etc), then splitting on size is an easy way to do it.
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10 October 2015 | 5 replies
LTV is 75%. 5 PlexTotal Rents: $45,600Vacancy 8.7%: $3,967Taxes: $4,520Insurance: $2,100PMC: $4,560Repairs: Unknown (Could be $1,000 or best guess of 10% of GRI $4,560) Need inspectorElectricity, Heat & Water: $2,500Misc.: $200Total Expenses: $14,880NOI: $26,753Mortgage: 4.63% Debt Service: $18,026Cash Flow: $8,727Down Payment: $97,500CoC if Maintenance at $1,000: 8.9%CoC if Maintenance at $4,560: 5.3%The maintenance portion of the above is not fully vetted and could bring my CoC return lower.
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10 October 2015 | 0 replies
I am thinking the first day of spring for sale launch.
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12 October 2015 | 9 replies
I want to be ready to spring into action for the next tax sale so I too am seeking a mentor for tax liens Let me know if you are free to meet for coffee and we can chat further Rachel
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10 October 2015 | 0 replies
EXTERIOR IPMC 604.3 - The rear receptacle must have GFCI protection.LOWER LEVEL IPMC 704.2 - One smoke detector is required in the bedroom.IPMC 604.3 - Install a grounding jumper wire (bond) across the water meter. #8 copper.
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20 July 2016 | 19 replies
My model does include an annual maintenance amount and a big ticket amount (capex ie roof) and finally some utilities (I like to pay the water bill and lawn maintenance so the exterior always looks decent).
10 October 2015 | 6 replies
When the stress test was performed gray water came out of the Cleanout.
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11 October 2015 | 3 replies
The water heater is upstairs in a closet (all of the upstairs is carpeted).
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15 October 2015 | 133 replies
in the murky waters of "This is what I think happened... agree with me, please."