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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
Every property is different, and its always better to have actual records, but not always possible.
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28 August 2016 | 10 replies
But they can give you an idea of what is possible.
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27 August 2016 | 3 replies
A preliminary Team includes Attornies, real estate Agents, CPA's (or accountants), Inspectors, General Contractors, and Handymen.Always remember to do a math analysis and try to look at prospective properties before you make an offer or at least have a clause in the sales contract that allows you the time (about 15 days) to make a detailed inspection and possibly back out of the deal without a penalty that will hurt you very much.
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20 November 2018 | 12 replies
I live in Santa Barbara and I'm looking for multi family deals or possibly a single family rehab project.
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3 September 2016 | 33 replies
That's a possibility.
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30 August 2016 | 4 replies
Is it possible to get a line of credit on a rental property these days?
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26 August 2016 | 6 replies
The tenants are smokers, have a record, and are possibly getting a dog (through some type of disability program) even though their current lease says 0 pets.
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25 August 2016 | 0 replies
Hi folks, I need referrals for a serious roofer and A/C guy in Kissimmee, FL.I'm in the inspection period for a property I'm buying and need estimates for some repairs as soon as possible.
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29 August 2016 | 10 replies
An entity will need to be done pretty soon if you have anything to lose.Always remember to do the math analysis and try to look at the prospective property or at least have a clause in the sales contract that allows you some time (usually about 15 days) to make a detailed inspection and possibly back out of the deal without a penalty that will hurt you too much.