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18 March 2015 | 3 replies
I have two deals, but I can only finance one.First deal: 4-Unit Building for Buy-and-Hold-28,00 down, 188,000 asking price (about 85-90% market value assessed through comps)-owner financed for two years with refi-balloon, owner pays insurance and taxes AND will take ALL of my payments toward principal (28,800 over two years), leaving me with 131200 left on principal after the two year period-property is in a small, clean, safe, and well-to-do 'podunk' town between three of four of this area's biggest cities, allowing less than a 20 minute commute to all of them-the property will likely need few, if any, repairs and cap-ex over the next few years as it was gutted and completely rehabbed 18 months ago-I would be paying ALL utilities and internet access, at least for the first two years prior to my refinance-proforma: After Purchase Rents 3000 Facilities income 100 Gross Operating Income 3100 Taxes 100 Insurance 90 Vacancy @8.33% 250 Maintenance @6% 180 Management @10% 300 Refuge 20 Water / Sewer 100 Cable 150 Gas and Electricity 400 Net Operating Income 1780 Debt Service 600 Cash Flow 1180 During 2yr LeasingRents3000Facilities income100Gross Operating Income3100Taxes0Insurance0Vacancy @8.33%250Maintenance @6%180Management @10%0 (I will manage)Refuge20Water / Sewer100Cable150Gas and Electricity400Net Operating Income2050Debt Service1200Cash Flow780Deal Two: 3/1 for partial rehab and flip OR buy-and-hold-in a family-neighborhood with good schools (where children in the public schools get free college eventually), in the wealthiest and fastest growing of those 3 cities mentioned above-needs a 50% rehab (ALL new appliances, new kitchen, new windows, full cosmetic throughout-has a basement and space for a master bath to make it a 3/2-comps in the area run 80K to 100k-monthly rental price could be 1100-1300-buying it from a wholeseller with whom I could establish a relationship for future benefit-Estimates: Purchase Price 19000 Repair Costs 24000 After Repair Value 90000 Purchase Price % of ARV 21% 6% Agent Commision 5400 Closing costs 1200 Carrying Cost 4mths: tax 580 CC: Utilities 1000 Net Profit 40200
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3 April 2015 | 10 replies
Brandon, you're the Pro at this, so correct me if I'm wrong.My understanding (albeit from internet reading) is that it has to do with the frequency and overall financial strategy of the investor.
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13 March 2015 | 9 replies
But rather than a full replace, he recommended a urethane overlay which would have a 12-year guarantee and would be half the price of the new "traditional" roof.So I've been messing around on the internet trying to learn about urethane roofing systems.
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12 March 2015 | 5 replies
I have been doing pretty well at looking around on the internet sites, but does anyone know anywhere else I should look?
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13 March 2015 | 2 replies
Hi BP,Having read through some of the posts on BP and other articles on the internet, I am convinced that as a Canadian I should set up a LLP to buy real estate in US.
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30 December 2015 | 21 replies
Hi,Crowdfunding is a method of raising capital to fund a project or business venture through the contributions of a number of people using the Internet.
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16 March 2015 | 1 reply
I'll send you a PM Ryan so I don't blast my CPAs contact info all over the internet. :)
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17 March 2015 | 5 replies
So I decided to snoop around the internet a little bit and see what I could find about it.Couldn't find a whole lot but I did get the owner's name.
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22 February 2017 | 34 replies
I did not fully look into Philly's eviction laws but there seemed to be tons of info on it on the internet.
23 March 2017 | 5 replies
As well, it is very easy to find multiple different resources throughout the internet.