John Knisely
Oil to Gas Utility Conversion
15 September 2017 | 7 replies
PECO will need to know the total BTU maximum load demand for all of the gas burning equipment to properly size the lines and meters; I would expect one big line from the street to the property to be sized to handle all BTU demands for all units, and then a split to let each unit get a line and meter sized to their individual needs.No way that anybody on the Internet is going to be able to tell you what this will cost.
Elaine Kelley
2.83 acres rezoning off US1 in Florida
15 September 2017 | 4 replies
The local zoning attorney who you see on a lot of cases online for the government website or in the newspaper generally knows the odds of success and how the local body sees things.
Account Closed
For 50+ MF, how common is it to show a loss after depreciation?
22 September 2017 | 25 replies
Hi,My wife and I run an online retail business with extremely high "earned income".
Jackie Miller
Inherited Tenants - Lease PA
15 September 2017 | 2 replies
The original lease would still stand, but you can have them sign an Addendum just to acknowledge the switch of ownership of the lease ( you) and where payments are to be sent and how they are to be made out, or if online payments, how to pay. you can not physically change the rent and i wouldn't bother re writing it on your co. letterhead, that would be a waste of time and a headache.
Brett Staples
First investment ideas?
30 September 2017 | 2 replies
Make a spreadsheet and take your total rent and subtract vacancy, mortgage, capital expenditures/Maintenance, Tax, insurance, and property management (You always want to include this just incase down the road you end up using property management).
Yoel Torres JR
New Member Introduction
19 September 2017 | 6 replies
Any recommendations for good online RE school would be really appreciated.
Brian Lesko
Going to look at a duplex this weekend
20 September 2017 | 9 replies
Total gross rent = $1050 per month.
Alyscha Johnson
Not a "People Person"
16 September 2017 | 5 replies
BP is a great tool for networking online...may not help as much with investors in your area, but it's a massive network.
Shiloh Lundahl
Why I Like Lease Options over Straight Rentals
17 September 2017 | 15 replies
More likely we would have had higher holding costs for holding it while it was on the market and then under contract until it closed.My portion of the profit when split with my partner = $12,406.50Lease OptionPurchase price $72,150 (includes closing costs)Rehab $40,353Holding costs $2,184AVR based on appraisal $150,000Option price $159,900 for 5-year optionFinanced $112,500 on a 20 year mortgage at 4.69% (adjusts after 5 years)Bank closing costs $1,992Option fee $6,500Total into the property -$2,320 (each of us got $1,160 after getting the loan)Monthly cash flow $195.06 (97.53 each)If the optionee exercises the option just before it expires then we will get the difference between what we still owe on the property and what we are selling the property for and we will split another $50,258 ($25,129 each).Total profit $64,283 ($32,141.50 each).In summary, we will get paid a little less than 3 times the amount than if we were to just sell it.
Account Closed
Liabilities home insurance
25 September 2017 | 5 replies
@Michael Totman There's one company Associated with National Real Estate but they wouldn't cover my own home, were $2,000. total higher than my existing policies and had reductions in coverage so I'm sticking with my smorgasbord for now...