Bridget Tierro
First timer here. Mind taking a look at my triplex analysis?
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
George Torres
Applying for a conv/fha loan--First Home/Investment Property
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.
Mitch Bernstein
Northern NJ Home Inspector Refferal
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.
Brandon Ingegneri
Appropriate time frame for snow removal
14 February 2016 | 5 replies
Some details of contracts to ensure that you and your tenants needs are more sufficiently met with snow removal.
Chris K.
First timer analysis
9 February 2016 | 4 replies
I am actually planing to start a property management company so I will self manage.
Derrick Irons
New to this $2000 investment
9 February 2016 | 6 replies
Self manage the place yourself.
Blaine Brown
Am I wasting my agent's time?
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.
Jp Kilduff
Military man here in Cape May NJ looking to create passive income
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.
Shawn Smith
Self-directed IRA & BRRR?
25 April 2016 | 21 replies
I was wondering if it's possible to combine the BRRR strategy with a self-directed IRA?
Enki Amo
Best US real estate market for Rental Property in 2016?
28 December 2016 | 17 replies
Hi Enki,Not to self-promote here, but I can tell you that Cleveland and its surrounding suburbs have been seeing a resurgence in population and industry.