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19 August 2020 | 19 replies
Can you give me details please on how to do this please?
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29 July 2018 | 0 replies
This also doesn't include any summer leases at $500 per person which will be directed to our CAP EX fund.A break down of the estimated first year PL sheetGross Rent:$23,400taxes: $1,560insurance: $590Water/sewer: $2,000Gas: $1,900Electric: $1.500Maintenance: $1,000expense total: $8550NOI: $14,850Debt: $1080x8months= $8,640Cash flow (paying toward HELOC principle) $6210(yes I'm not including Vacancy for this year, I'm also not including Cap Ex this first year either)utility estimates are based on previous averages, and also our first 4 monthsYear twogross income: $26,000taxes $1,560insurance: $590Sewer/Water: $2,000Gas: $1,900Trash(year two electric will be on tenants and we take over trash): $300Repairs/Cap EX fund: $2,500 (summer rents will be added to this)Expenses: $8850NOI: $17,150Refi Debt (125,000 loan @5% estimated): $8040Cashflow: $9110 45% COCOverall this deal is turning out very well, an seems to be an awesome first investment property.
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31 July 2018 | 16 replies
Currently estimated value is 191,000 and arv will be around 220k or so.
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31 July 2018 | 4 replies
Just click on Real Estate Data -> Property Details after you've entered in an address.
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30 July 2018 | 3 replies
Dear BP-Community,I read J Scott's book about how to estimate rehab costs.
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30 July 2018 | 13 replies
What details would those be?
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30 July 2018 | 5 replies
Going to need more details and property addresses to be able to give you an accurate answer
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31 July 2018 | 5 replies
Hello Everyone,I am closing on my next investment property next month and I am down to choosing between the below 2 insurance policies.I will have to admit - I chose the cheapest insurance policy on my first rental and I did not look at anything besides cost.I am looking at it with more detail nowFirst Insurance PolicyCost - $626Coverage - DP1 for $90,000Personal Property - $2000Premises Liability $500,000Medical Payments Per occurrence - $25,000Medical Payments per Person - $1000Deductible - $1000Fair Rental Value - $12,000Second Insurance PolicyCost - $730Coverage - DP3 for $249,000Fair Rental Value - $49,000Additional Living Expenses - $49,800Personal Liability $500,000Medical Payments to Others - $3,000Information on propertyOld property constructed in 1880.
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1 August 2018 | 5 replies
Can you provide details that the building was zoned for multifamily in previous zoning overlay ( this will help support the case)?