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17 April 2024 | 3 replies
I'd have to double the security deposit, raise the rent by 20%, and double the cleaning fee to even make it worth considering-- which I would if people were willing to pay but the market doesn't support those prices.
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17 April 2024 | 16 replies
Get rid of the deposit and switch to a monthly rent increase per animal.
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17 April 2024 | 0 replies
That was way more than my REIA fees.
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16 April 2024 | 9 replies
If you only have one or 2 issues per year, then you are doing pretty much like the rest of us. :)
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17 April 2024 | 13 replies
Greenville county is a hot area.33 people per day moving to the area.
18 April 2024 | 83 replies
But the money per room and bathroom makes sense.
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17 April 2024 | 7 replies
So for a property around 200k 20% down, right off the bat, there is a 5k+ loan discount fee, plus all other fees, that pushes the closing close to almost 10k.
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14 April 2024 | 6 replies
Seeking recommendations for a duplex or fourplex builder in the Phoenix area and the construction cost per square foot.Four years ago rough estimates were at $100 sqft, now I'm seeing about $200 sqft with another $50K for site preparation.
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17 April 2024 | 5 replies
Property: HereComp: Here (Sold on 8/1/2022 same street)84 Grangerford Hts, West Henrietta, NY 14586Listed : 100kHML at 80% of ARV (240k) = 192kInterest only payments (10% interest)(192k x .10) /12 = $1,600/monthPoints = 2 (192k x .02) = $3,840Loan origination fee's = $1,000Additional monthly holding costs:- Taxes (5k/12) = $416- Insurance = $60- RGE = $120Total monthly = $596Duration of rehab = 6 monthsInterest only ($1,600 x 6) = $9,600Points = $3,840Origination = $1,000Holding costs ($596 x 6) = $3,576Total Holding costs = $18,016Loan amount of 192k:Subtract:- Purchase price = 100k- Closing costs (4%) = $4,000- Rehab = $50,000Totaling = $154,000Remaining balance on loan= $38,000Sale at $240,000:(-) (Realtor fee's (6%), closing costs (4%)) = $24,000(+) $38,000 Remaining from HML(-) Holding costs ($192,000 + $18,016) = $210,016Profit ($240,000 + $24,000 + $38,000 - $210,016) = $43,984 - (capital gains at 22% completely estimated) = $34,308Buy and hold:Appraised at $240,000.