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26 August 2016 | 4 replies
Here are the numbers: sixplex in hickory NC Price: $160,000Gross monthly Rents: $3,050 (definite possibility to raise rents by about $25-50 each) Expenses: (50% rule for now): 1,525 NOI: 1,525Cap: 9.5%Debt service: 25% down, financing 120k @ 6% amortized over 20 years, with a 10 year balloon. $860/month Net monthly profit: $665Cash on Cash: 19.95%Any thoughts on this deal?
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26 August 2016 | 4 replies
I don't plan on managing it myself so PM is definitely a good idea!
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26 August 2016 | 5 replies
This is definitely attorney territory.
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27 August 2016 | 3 replies
Welcome back @DeMarrius Payne I find writing out my goals and things I need to accomplish in order to get there help me stay on path.
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20 November 2018 | 12 replies
I own a couple mutli families in Bakersfield and those have been good cash flowers over the years so I definitely tend to lean in that direction.
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2 September 2016 | 18 replies
I'll definitely attend the meet up thanks for the invite!
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3 September 2016 | 33 replies
My advice would be to DEFINITELY keep your job until you catch traction in this business.
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25 August 2016 | 7 replies
I like it and definitely haven't gotten ripped off.
26 August 2016 | 3 replies
While a strong internet connection may not be the sole reason someone moves in to your apartment building, a weak connection could definitely be the reason they move out.
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28 August 2016 | 10 replies
The time and money to get rid of it wasn't terrible, but definitely changes my view of a home if it's full.All in all this was a fun one.