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12 November 2018 | 0 replies
Hard Money, and then paid for the repairs out of pocket since they were only 3K.
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12 November 2018 | 2 replies
I am using the ROBS program to create a C-Corp (Yes I am using an expert in this to assist) to purchase it from my IRA without creating a debt.
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13 November 2018 | 18 replies
Hi guys I am looking to purchase my first Multifamily this would be a first deal in real estate I found with my broker a property I am thinking maybe a good deal but I would like your thoughts on it . 4 unit Multifamily centrally located in west Chester NY Income 3720$Expenses Mortgage insurance and taxes is 1276$ a month Vacancy 186$Repairs 186$Cap ex 186$Management 372$As of now the landlord pays electricity and gas 600$ a month Water and sewer 50$ a month I was thinking if I take the property and put separate meters for water and electric I can have the tenants pay their own utilities Please share your thoughts on the deal
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5 November 2021 | 14 replies
I spoke with a gentleman named Louis DeMedici, who is one of the 14 core employees at the company (minus virtual assistants and admin personnel) according to Lou.
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22 November 2018 | 4 replies
——Repairs, appliances, etc to make a rental initially Ready for rent are not immediately deductible, they get added to basis and depreciated.
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14 November 2018 | 4 replies
I have been able to view 2 of the apts that were empty and they were in good shape(meaning no repairs needed).
13 November 2018 | 2 replies
All in cash investment was $12,900 and you're profiting $3786 before you factor in regular maintenance and repairs into the deal annually.
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16 May 2019 | 17 replies
They return a 30-50% IRR which takes into account the time factor as well as the total return, not just the cash on cash holding return.Like you can buy an 800k$ property (cash to make it simple and leave out financing which just puts fuel on fire for returns) then put in $200k in repairs.
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13 November 2018 | 2 replies
It does not need any immediate repairs so it will appraise as is for more than I mortgaged it for- the prices in the area are rising daily.I had planned to wait 6 months and do a refinance, I am the sole member of the LLC I used to purchase.
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13 November 2018 | 6 replies
A tenant is currently moving out and we are doing repairs and cleaning.