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15 July 2015 | 29 replies
Either there are short cuts, bad neighborhoods, etc.
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24 June 2015 | 18 replies
Which on the low side would give you ~ 950+1125 =2075 in rent lets take this as your starting point Gross income for the year 24,900Now that we have an estimated rent / Gross Income lets start accounting for things...Gross Income (GI): 24,900Vacancy: -1,494 (6%)Total Gross Operating Income (GOI): 23,406Expenses...Property management: -2,490 (assuming 10%)Repairs and maintenance: -1,245 (assuming 5%)CapEx: -2,490 (assuming 10%, I generally do a calculation for this on the age of every CapEx item for a property and it is generally around 5%, but this is a duplex so I am taking a short cut and doubling it since you have two of everything except the roof)Taxes: -2,512 (From the eprop tax site for Sac)Water / Sewer / Garbage: -2,880 (Approximate, generally around 120 per month per house, again doubled for duplex, you could pass this on to the tenant potentially but accounting for it for now)Insurance: -1,400 (this is a pure guess here)Total Expenses: -13,017 ~55.6% of GOI or 52.3% of GI Net Operating Income (NOI): 10,389Now that we have an expected NOI we need to figure out how much you can pay for this property and still make the return you are looking for.
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9 August 2016 | 69 replies
Now you see the sarcasm in my reply, yet it is sarcasm that is founded on truth.In reality, I hate to see people enter into a new venture haphazardly - leaving a wake of destruction in their path (especially at the expense of others).
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16 June 2015 | 7 replies
We have not even discussed paint or cabinets.Sometimes you cannot shortcut "dirt on the boots".That is construction speak for experience.
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28 July 2015 | 3 replies
It had been customized for Texas in a haphazard way and did not adequately cover the broad topic of contracts.
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8 November 2015 | 14 replies
Unfortunately, there is no shortcut to success.
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27 January 2018 | 17 replies
There are no short cuts - - it takes a lot of time and effort to learn the basics.
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17 May 2019 | 106 replies
There is no SHORT CUT in real estate.
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10 July 2019 | 164 replies
What I'm trying to say is don't haphazardly take courses at a college without a clear goal and path to achieve a bankable degree.
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4 June 2019 | 22 replies
After reading all of the responses I've gotten, I plan on not ignoring or hap-hazardly paying attention to this rule.