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28 June 2015 | 20 replies
Here are our assumptions for purchasing a car:You want to buy a car that costs $40kThe car will depreciate at a rate of 15% per yearHomes in your area and rental rates each appreciate at 2% per yearYou can get a 5-year car loan with no down payment for 3% APRYou can get a 30-year mortgage on a 200k property with 20% down payment for 5% APRYou can reasonably expect 10% cash-on-cash return from 20% down on a $200k property with the seller to carry closing costsFinancing vs. cash purchasing is not necessarily as straightforward of a calculation as you might think.
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28 June 2015 | 5 replies
It has a itemization breakdown of the lot and home building costs.As a long time NB resident and a Mater Dei family we've had friends and our kids classmates in the area of your lot.
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19 July 2015 | 23 replies
However, if I had done a thorough background check (housing, income, credit, legal) and it were only one item in question and it did not match up with the other background information I had collected, then I would question the validity of the outlier report.
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29 June 2015 | 7 replies
You can also find items like vanities, cabinets, and toilets.
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29 June 2015 | 8 replies
Tenant B) may be difficult and insist that it was never explicitly stated that the filter of the hot tub was included in items needing cleaning.Over 50% of my experience in property management is in NYC, where tenants are both protected and quick to sue.
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27 June 2015 | 4 replies
In addition there are insurance issues as these are considered business's and I have found that I need to carry a separate Liability policy on each property.My thinking is that it might be simpler to remove the properties from the LLC and carry one large umbrella policy for liability.
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1 July 2015 | 5 replies
@Michele Fischer - I'm focusing first on some of the items with overall impact like roof/siding/etc.
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29 December 2018 | 2 replies
Additionally, if there are issues that pose a hazard those items would need to be corrected prior to closing.
27 June 2015 | 2 replies
I know they were just gutted but the point of having that line item is to protect you 5 years from now when things do start to wear out.
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11 July 2015 | 10 replies
I'll add those items to my inspection list for other properties.