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8 February 2016 | 9 replies
Personally, I am inclined to use that money to purchase a self storage facility....it goes without saying that I would not just buy any facility.
9 February 2016 | 5 replies
I am currently renting a place for $1,000, and I would like to "house-hack" and live in the 1BR unit (all numbers assume I am collecting rent from all three units though):Offer Price: $365,0003% Seller Assist: $6,400Total Income: $3,200Unit 1 Rent (2 BR, 1 BA): $1,250Unit 2 Rent (2 BR, 1 BA): $1,150Unit 3 Rent: (1 BR, 1 BA): $1,100Total Monthly Rent (before vacancy): $3,500Total Monthly Rent (assuming 1/12 months is vacant): $3,200Total Mortgage: $1,940Monthly Mortgage: $1,700MIP: $240Total Expenses: $1,065Maintenance/Repairs: $280/month (~8% of total monthly rent)Property Taxes: $240/monthInsurance: $170/monthCapEx: $175/month (~5% of total monthly rent)Water: $150/month (not metered)Miscellaneous: $50/monthFYI - did not budget for property management, because I intend on living here long-term and self-managing$3,200 - $1,940 = $1,260$1,260 - $1,065 = $195 cashflow/month
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9 February 2016 | 7 replies
If you're self employed, your tax returns might be a little more complex than say a traditional wage earner.
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2 December 2019 | 7 replies
He is extremely thorough and is easy to work with, plus his reports are detailed and very self explanatory, even though he goes over everything with you on site.
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14 February 2016 | 5 replies
Some details of contracts to ensure that you and your tenants needs are more sufficiently met with snow removal.
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9 February 2016 | 4 replies
I am actually planing to start a property management company so I will self manage.
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9 February 2016 | 6 replies
Self manage the place yourself.
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13 February 2016 | 32 replies
I pull the comps my self I ask my agent if my comps seem right then put in a offer .The web site the agent gave is well designed.
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16 February 2016 | 2 replies
I have a couple self directed IRAs that I just rolled over and they are dying to be used as either a small hard money lender or something else.
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25 April 2016 | 21 replies
I was wondering if it's possible to combine the BRRR strategy with a self-directed IRA?