Luke Moczydlowski
Most Reliable Hot Water Boiler
12 September 2017 | 4 replies
Should save you quite a bit on gas over the years.
David Santore
Washer/Dryer - Coin Op?
20 September 2017 | 10 replies
I have 2 stacked units in a 2 family student rental ( 8 beds ) on one hand i wish i did not get them because i have been having to reset the machines ( have to have someone look at that) so in that sense i wish i didn't have them because of this maintenance, but if the Students lived in a dorm they would have to pay to do laundry and the local laundry mats are twice what i charge, it's more for convenience for them. the money i do get helps pay for the gas, water and the electric that the machines use as @Dale Stevens mentioned. i do not make money on them, but helps with the cost when the rental market is so competitive for student housing where this is.
Lane Kawaoka
Which 2 of these 8 money mindsets are yours? And how it impacts $
15 September 2017 | 5 replies
Did they stress out over not having enough by spending an extra few minutes to depower the entire home before leaving or drive an extra ten minutes to save $0.08 per gallon of gas?
Joshua D.
Rent or Sell this house? Here is the info about it.
9 November 2017 | 43 replies
Roof still have 10-15 years left, new gas furnace, new ac unit central air.
Jesse Brumbaugh
Does installing central air add value in lyndhurst Ohio
15 October 2017 | 10 replies
It currently has heat only( original 50s gas furnace).
Michael Okechukwu
Does the 'no money down' concept really mean No Money Down?
17 September 2017 | 11 replies
And if you do bang on 5,000 doors you're probably going to spend a chunk of money in gas.
Carlo Michelotti
Need so much help analyzing cash purchase of 2 or more properties
15 September 2017 | 3 replies
One-time Expenses$1000 - Acquisition Costs (minor rehab, legal, & inspection)Annualized Expenses10% Gross Annual Rent - Vacancy Costs (turnover & lost rent)10% Gross Annual Rent - Property Mgmt (standard)$1176 - Repairs & CapEx ($1 per sq foot for tpical property)$1516.46 - Property Taxes (5 year historical average for typical property + 10%)$1000 - Property Insurance (a nice round number: seller reported that he paid $708/mo for one duplex)$27 - Water & Sewer (average across several properties from last month)$0 - Gas, Electric, HOA, Snow Removal (tenant pays or not applicable)$60 - Lawn Care (I made this number up)COMPARATIVE ANALYSIS:This is my analysis of the five properties that are being negotiated right now, listed from best to worst.Property Alpha (two-flat)$1250 - Income, Monthly (actual)$567.37 - Expenses, Monthly (estimated)$42,000 - Price, Signed Contract36% - Cap Rate (Annualized Income / Price)16.6% - ROI, After Tax (annually, assuming 15% income tax)6.0 Yrs - Until this property pays itself offProperty Bravo (two-flat)$1100 - Income, Monthly (actual)$537.37 - Expenses, Monthly (estimated)$42,500 - Price, Signed Contract31% - Cap Rate (Annualized Income / Price)13.1% - ROI, After Tax (annually, assuming 15% income tax)7.6 Yrs - Until this property pays itself offProperty Charlie (duplex)$1075 - Income, Monthly (actual)$532.37 - Expenses, Monthly (estimated)$55,000 - Price, Informal Discussion23% - Cap Rate (Annualized Income / Price)10.7% - ROI, After Tax (annually, assuming 15% income tax)10.3 Yrs - Until this property pays itself offProperty Delta (SFR)$875 - Income, Monthly (actual)$492.37 - Expenses, Monthly (estimated)$48,000 - Price, Informal Discussion22% - Cap Rate (Annualized Income / Price)8.8% - ROI, After Tax (annually, assuming 15% income tax)13.6 Yrs - Until this property pays itself offProperty Echo (SFR)$770 - Income, Monthly (actual)$471.37 - Expenses, Monthly (estimated)$62,500 - Price, Informal Discussion15% - Cap Rate (Annualized Income / Price)4.1% - ROI, After Tax (annually, assuming 15% income tax)24.4 Yrs - Until this property pays itself offNotice how the price keeps going up?
Michael Lee Gundersen
Where should I save my money before I invest in a property?
16 September 2017 | 15 replies
What are you TOTAL monthly expenses including gas, food, gifts, movies, mortgage, dinners out etc?
John Knisely
Oil to Gas Utility Conversion
15 September 2017 | 7 replies
The energy source for hot water heating can be either gas or electric.
Stefhon Walker
What's The Best Way To Collect Rent From Tech Illiterate Renters?
15 September 2017 | 4 replies
Its found at many gas stations like 711 and other places, I barely know about it.