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2 July 2020 | 3 replies
@Kia E. did you ever find a solution for this?
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26 June 2019 | 40 replies
Bi-Annually with stipulations for more common inspections for w/e reason you decide.
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26 September 2019 | 9 replies
I can't say for certain but I would call down the zoning office at 417 E.
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25 June 2019 | 25 replies
Read and respond to e-mails - Our vendors typically respond Mon through Fri during business hours.
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26 June 2019 | 28 replies
@Lee Stephens make sure to account for the following expenses in your calculations:1) Mortgage2) Mortgage insurance (PMI or MIP) or FHA Risk base3) Property Taxes4) City Taxes5) HOA (Home Owner’s Association) Dues and Fees and Assessments6) Insurance a) Property Hazard Insurance (0.3-0.45%) b) Flood Insurance c) Earthquake Insurance d) Umbrella Insurance7) Vacancy Rate (usually 8% - the equivalent to one month a year, or 5-6% if multifamily and/or if experienced, if not use 8%)8) Utilities (you’ll have these if your tenant is not covering them and/or during vacancy) a) Water § Sewer § Garbage b) Electricity c) Natural Gas d) Propane9) General Maintenance (usually 5%) a) Upkeep § Landscaping b) Snow removal c) Repairs d) New Appliances e) Make ready10) Capital Expenditures (usually 5%, higher is the property is old and obsolete, less if fully rehabbed and all mechanicals and roof are new)11) Property Management (8%, even if you self manage, your time still has value and there might be a time when you'll want to be completely hands off or you'll not be able to do it, vacation, retirement, etc.), including...
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25 June 2019 | 21 replies
Banks are certainly not willing to negotiate as much as they were a few years ago, but I hear there are some markets that are a little softer where you can get the bank to come off off list a decent amount.
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26 June 2019 | 2 replies
DM me for contact info, BP won't let me post his e-mail.
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25 June 2019 | 11 replies
Can also be considered higher in value verus B-E areas.
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9 July 2019 | 10 replies
dl=0https://docs.google.com/spreadsheets/d/e/2PACX-1vS...
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25 June 2019 | 3 replies
@Dominick Dahmen : often sellers will list a cap rate that is not accurate.