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3 April 2018 | 1 reply
Even if you increase that 2nd unit from $750 to $1000, doesn't seem to cash flow that great after maintenance/vacancy (i used 15% in my modeling).my 2 cents. good luck!
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3 April 2018 | 3 replies
So my expectation is that went a loan comes due, I'll have the funds to pay it off in full, and if I do not or would rather not - I shouldn't have any problems refinancing with the same or alternate lender.Plus, if the property has appriciation during those 10 years or is a 5-Unit (or more) multi-family that has been maintained and managed well (increasing rents), it should be worth far more than owe'd, further making it easy to refi.
3 April 2018 | 2 replies
Renovations are being done and rents expected to increase to $1500-1700.
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4 April 2018 | 3 replies
I am considering increasing my home insurance deductible from $1500K to $4000K.
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4 April 2018 | 14 replies
You could possibly AirBnB the bottom floor and increase the monthly income.
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3 April 2018 | 3 replies
Filling out a rent increase notice is probably the easiest.Seriously though...
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4 April 2018 | 6 replies
With a new (bigger) loan and increased mortgage payment will it still provide acceptable Cash Flow?
5 April 2018 | 13 replies
More traditional things I would suggest, billing back utilities, charging for pets, upgraded finishes to increase rents, charging fees for things like storage or extra parking.Authors I would suggest Ken Mcelroy and Dave Lindahl.
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5 April 2018 | 6 replies
There is just a little less room for error when dealing with a smaller park as you don't have as many lot to absorb a vacancy or an increase in water usage(even if you can collect)..or some repairs to do etc.Good job on negotiating them down so far...for me i will still have to go lower and look something like this....200*18*12*.5/.1=216k purchase priceI prefer to pay lower than this based on a smaller park and limited upside potential based on your observation of market lot rents.
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30 April 2018 | 12 replies
Before you purchase a property, I would suggest going to your bank and applying for an increase in your credit card and line of credit limits (don't use them, just have more space available).