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24 March 2015 | 4 replies
There are 5 comparables; many of which were sold in the last 6 months As-is.
24 March 2015 | 4 replies
i did comparables myself with mls
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28 March 2015 | 26 replies
My intent is not to be harsh, but wholesaling is not the easy path the gurus make it out to be.
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31 March 2015 | 3 replies
I really think going over stock market investments, or comparing the two is touchy.
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31 March 2015 | 6 replies
I plan on attending my first local BP meet-up this week to network with actual humans, and would love it if you reached out to say hello, and/or to compare investing notes.
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15 June 2016 | 5 replies
These areas are all connected downtown via rail and have close proximity to a number of schools, but have a slightly more mature population compared to say Manayunk.
28 March 2015 | 1 reply
Compare their track records, compare their contracts.
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7 March 2017 | 11 replies
The advantage we have is price, things are incredibly cheap here compared with the rest of the country.
28 March 2015 | 9 replies
In this document they will pull comparable sales and those will be the base for the number you are getting.
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28 March 2015 | 1 reply
Don't be afraid to bring in a basement foundation repair company and get a quote to get the issues identified and fixed. 20% of 110k = 22k Down110k - 22k = 88k Financed88k @ 4% for 30 years === Monthly Payment of $420 (principle and interest)Other Numbers you'll need:Property Taxes (get on the county website)Insurance (just call an agent or ask owner)Repairs ( Really depends on condition of property, 10-15%)Utilities (get as many months of bills as possible)Property Mgt (even if you plan on doing this yourself)vacancy (depends on market and property, 10%)LawnCap Ex (depends on property but sounds high on this building) 15%These are VERY VERY rough numbers but lets look anyway...Gross Rent- 22,500 (assuming all 3 are rented at 625 and no washing machine income)ExpensesP&I- 5,040Taxes- 2,200 ( I figured 2% of home value)Ins- 800 Repairs 2250 Water 1800 (150/mth) Look into heat billVacancy 1125Prop Mgt 2250Lawn 300Cap Ex 3375Total 19,140 22500-19140= 3,360 Cash Flow YearlyInvestment of 22,000 / 3,360 = 15.2% ReturnPlus tax advantages, paying a little down on mortgage, possibly appreciation, learn a lot.Location, Basement, Local Market, Comparable properties, and firming up numbers ALL need to be looked into.Let me know what you think!