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20 July 2016 | 2 replies
.- Property tax: $78 per month- Insurance: about $90 per month (I do not have an exact quote yet)- Management fee: $160 per month (10% or gross monthly rent)- Maintenance/repairs (reoccurring): $160 (estimated 10% of gross monthly rent) - Vacancy: $133 per month (calculated at a vacancy rate of 8.33% or one month of vacancy per year per unit)- Landscaping: $100 per month- Total monthly expenses: $1,230- Rental Income: $1,600 (2 units renting for $800 per month)- Cash flow: $370 per month ($1,600 - $1,230 = $370)- Down Payment: $40,000 (including closing costs and cost of inspection)- Cash on cash return: 11% ($370 x 12 = $4,440.
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15 July 2016 | 20 replies
I've been to a couple of REIA meetings in my area, but now the I know the landscape around investing a little better I think I'll be a lot more successful.Right now I think the most important thing for me is education.
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7 July 2016 | 5 replies
It is very likely that you will find the same demand across the civilian demographic, too, for example teachers, policemen, firemen.
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28 September 2016 | 11 replies
I put in the new sash window kits, painted the deck, landscaped the yard.
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6 July 2016 | 2 replies
I'd like to meet folks that have been involved in flips, builds, etc. and can help me to navigate the landscape.
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11 July 2016 | 13 replies
As someone who owns a landscape and snow removal business, this business has been around for about two years now.
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7 February 2020 | 9 replies
The house is ~2,000 sq ft and needs a lot of cosmetic stuff done: painting, floor installation, dry wall repair, kitchen and bathroom remodeling, possible siding work, and some landscaping.
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14 July 2016 | 4 replies
The house needs new carpet and tile, appliances, paint, kitchen and bathroom cabinets and counters, exterior paint job, and light landscaping.
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14 July 2016 | 0 replies
Ft.CAD 118kSelling it as is for cash this week for $70k $7000 down payment and $63k at closingBuyer pays all closingTaxes are prorated.Tenant occupiedNeeds $15-20k in repairs House is a flip project the roof needs repairs along with the landscaping, the kitchen needs work along with the bathrooms need updating as well.CAD has it at 118kPrice including our assignment and finders fee is 70kLet me know if you have the cash and want to get together to look at it before this deal is goneHow does this look to any investors out there?
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20 July 2016 | 18 replies
Ask your friendly title company to create a HUD-1 for youWith the offer attach pictures of all the ugly things about the property; the landscaping, broken windows, bad walk ways, bad fencing, green water in the pool, any nasty pictures of the interior, the estimate amount of renovations neededWrite a cover letter stating what you will do if they accept your offer; secure the property, insure the house, pay all cash, take care immediately of the roof problem, protect and secure the house form squatters, have the electric turned on, notify the water department, notify the local police to keep an eye out for vandals...etc.Since no one at the bank can make a decision as fast as you want, put a drop dead date in your offer.