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30 September 2018 | 8 replies
Thanks in advance.SFH for sale : 3 Bed,2 Full Bath -$100,000.00 ( Baltimore County 21207)ZILLOW VALUE : 120,000.00Average Rent : 1,600(I called 4 similar Properties Same Area for Rent -Realtor.com)I am planning on buying using my own cash and then use Fannie Mae-Delayed Financing Exception to recycle (3 to 4 weeks)my money and repeat.Mortgage Loan PI : 30 years 4.6% $ 513.00Property Tax : $ 209.00Insurance: $ 28.00Total : $ 750.00Utilities/landscaping Paid by Tenants and Major Repairs by Landlord.Cash Flow : $ 1,600- $ 750= $ 850.
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12 October 2018 | 9 replies
They want the tenant rep broker to save them time to only present them high quality sites that meet their criteria.
13 September 2018 | 2 replies
Numbers too tight. 7% is low for capex and repairs.
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13 September 2018 | 2 replies
I find myself scrambling to find quality content to provide to my members.
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7 October 2018 | 3 replies
So based off this calculation I determined that my portfolio is strong enough to move on with my expansion plan into a new market.Business expenses as % of total expenses : 70% 1) Fixed Expenses: a)Monthly Mortgages: 45% b)Property Taxes: 18.7%c)Utilities Expenses: 14.8% d)Licenses & Insurance: 5.4% 2) Variable expense - Water bills + repair expense : 16% Personal Expense as % of total expenses: 30% My monthly living expensesa)Housing: 39.7% b)Child Care: 25.4%c)Living expense: 22.2% d) Food: 7.9 %e) Insurance: 4.8Income 1) Total Income - 100% A) Rental Income: 42% B) Wage income (W-2) : 26 % C) House Flipping Revenue: 23% D) Property Management Revenue: 5% E) Stocks/Dividends: 4% Please let me know if you would like help walking through this process as it has been super helpful to understand my financial situation or send you the spread sheet I used.
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14 September 2018 | 2 replies
With repairs this house could be 650+ after the conversion to single family.I'm looking for a private lender that would be able to finance this property in a 75% after repair value with 3k/ monthly or less, and full due in 1-2 years.
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19 September 2018 | 5 replies
Discuss who makes repairs during option period- typically buyer.It works if the buyer can legitimately qualify- dont take someones deposit if they think they can qualify in a year... but you know they wont be able to.
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10 February 2019 | 19 replies
We are reasonably handy people if a house needs repairs we are willing to take on a task and put in sweat equity.
18 September 2018 | 21 replies
I’m estimating between 65k -85k in repairs need to be done.
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18 September 2018 | 18 replies
Further, school quality os a critical factor.