
11 September 2016 | 0 replies
I've got excellent credit at the moment and a job with six figure income (however much lower after taxes/student loans/primary mortgage), would this help gain what I want with a lender?

23 February 2017 | 4 replies
Asking price: $245,000 - reasonable for the areaEstimated Monthly Rent under current leases: $2500.00 - on the low side of the range for the area but the tenant base is long term and stableAnnual Taxes: $5000Annual Insurance - Unknown/information requestedUtilities - Unknown/information requestedBuilding Owner pays for alarm monitoring,electric and water bills - have asked for monthly cost averages but do not have yet.Individual tenants pay their own internet and phoneDescription: 2400 sqft, brick building with a 10 space parking lot, good location Known upcoming repair is HVAC for the downstairs (est $5k), upstairs HVAC has already been replaced.Thank you for your time as well as your opinion on this deal, recommendations for additional questions, additional information etc.

2 December 2016 | 9 replies
Asking Price: $200,000Gross Rents (4 units): $2400 per monthExpenses: Taxes: $350/moInsurance: ~$200 (haven't gotten a quote yet)Vacancy (5%): $120 Repairs (7%): $168Capex (6%): $144PM (10%): $240Total: - $1,222Mortgage: - $787 (conventional with 20% down and fixed 4.25%) NOI: $2400 - 1222 = $1178Cash Flow: $1178 - 787 = $391 per month (10% CoC ROI)We feel like this is a pretty good deal based on our numbers, but want to see if we are missing anything?
20 September 2016 | 4 replies
But be careful of the taxes eroding any possible cashflow. a 60k property in Coram, NY will run you 5600 in taxes, so this appears to be a challenge even in suffolk.

12 September 2016 | 2 replies
How much should I reasonably expect to pay in state and federal tax?

14 September 2016 | 11 replies
Who's been paying property taxes and insurance all these years?

12 September 2016 | 0 replies
.$7,850 Gross Monthly Rent$785 Vacancy (10%)$785 Property Management (10%)$1000 Taxes (Current Totals =$675/mo) Anticipating taxes to go up after purchase$1000 Insurance$1028 CapEx$392.50 Maintenance (5%)= $2859.50 NOIWith that NOI, what would you pay for it.

17 September 2016 | 6 replies
It will ofset the income on your taxes.

15 September 2016 | 9 replies
- if we are all only shareholders of a cooperative, why is each unit's proprietary lease recorded with the county and each unit owner/shareholder pays property taxes for their own respective unit?

16 September 2016 | 22 replies
We invested in Florida, were looking into Austin but we did some other researchs and the taxes are really on the high end in Texas !