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3 July 2019 | 8 replies
They cannot list a brand new mobile home without a dealer being involved).
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3 July 2019 | 3 replies
Then approach them and remind them you can do more than list a property and wait for the phone to ring with an offer.
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30 June 2019 | 54 replies
What's in Sch A vs Sch B, C, D or E.
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28 June 2019 | 5 replies
The bottom half goes on the schedule E just like a rental.
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7 February 2022 | 24 replies
Here's the quick overview of my numbers and projections with more detail in screenshots of my excel spreadsheets:Purchase Price: $365,000Price Per Unit: $60,833Two-Family: $121,667Four-Family: $243,333Rehab Estimates: $60,000 ($10K/unit) Estimated After Repair Value: $575,000Loan: 90% LTV (of purchase price) @ 12% interest for 6 months with 2 points paid on exitProjected Cash-On-Cash Return: 29.35%Projected Internal Rate of Return: 51.02%Here's a picture of the current rent roll (two units were vacant) and my projection of the rent rollCurrent Rents: (more details considering the numbers don't tell the whole story)Two-FamilyUnit 1 (2BR+): VACANT - son-in-law lived here and moved out prior to closingUnit 2 (2BR): VACANT - empty when I walked it... he was "finishing" itFour-FamilyUnit 1 (2BR): $200/week H&HW included - one bedroom is painted entirely black, multiple windows are broken, and other weird things...Unit 2 (1BR): $780/month H&HW included - only "normal" tenant in the buildingUnit 3 (Studio): $150/week H&HW&E included - complete hoarder... floor to ceiling with junk except for a small path from his bed to the bathroom and the fridgeUnit 4 (Studio): $155/week H&HW&E included - smokes in her apartment without a care in the world... had a lit cigarette while I was walking throughProjected Rents:Two-FamilyUnit 1 (2BR+): $1,400/month (OWNER-OCCUPIED) nothing includedUnit 2 (2BR): $1,200/month nothing includedFour-FamilyUnit 1 (2BR): $1,200/month H&HW includedUnit 2 (1BR): $1,100/month H&HW includedUnit 3 (Studio): $1,000/mo H&HW&E includedUnit 4 (Studio): $1,000/mo H&HW&E includedHere's how the numbers broke down for cash in and cash out:Actual and projected expenses for the properties (I was given a single sheet of paper with hand-written numbers).
1 July 2019 | 4 replies
At year-end, I can output a schedule-E form for the year from quicken and hand it to my accountant for processing.
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29 June 2019 | 5 replies
Lol remember your 1st time making the net for that property on E 150th or something?
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22 July 2019 | 11 replies
Hi @Randy E.
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1 July 2019 | 2 replies
http://meetu.ps/e/GGzKk/wTRC4/a http://meetu.ps/e/GGzKk/wTRC4/a
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1 July 2019 | 60 replies
Most publishing / distribution cycles are rather longer than that if it's not an e-book ...My $0.02 ...