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25 November 2018 | 12 replies
From google maps pictures (2015) there were 5 additional homes that have been moved or torn down.EXPENSESStick built homes pay for all utilities.Park owner pays for water/sewer of mobile homes.Property taxes $2,000 yearly (166.67/mo.)Water/sewer, Trash, landscape, snow removal, etc monthly average $350There are additional misc expenses roughly $40/mo.Asking price $65k (15 yr mortgage about $400/mo.)Insurance unsure yet.
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19 September 2018 | 73 replies
Sounds like you learned some important lessons that I'm sure will bring you success and some efficiencies on your next one.
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17 September 2018 | 5 replies
However isn't the additional $16,920 I paid can be counted as expense when I purchase the property?
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30 April 2019 | 5 replies
Additionally, because we bought in a popular owner-occupied area, we've seen the property's value appreciate over %9 in the past 3 years.Food for thought.
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17 September 2018 | 1 reply
In an effort to be efficient and not use a shutgun approach, what are your favorite ways of locating and networking with individuals interested in, and capable of partnering or investing in my deals?
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19 September 2018 | 29 replies
After the inspection report came back, the house will need the following work (and this comes directly from the inspector): 1-The two oil-fired boilers must be professionally evaluated and serviced by a licensed HVAC technician to determine the life expectancy and the evaluation of the firebox as well as its efficiency.2-The asbestos in the basement must be professionally encapsulated or removed.3-Need to have a licensed plumber REPLACE the corroding electric water heater for the rear unit.4-All items listed in #8 that are asked to be replaced, should be professionally replaced or given appropriate credit for replacing by new owners.5-Need to have a licensed electrician examine, address and replace all wiring throughout the house and garage.
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17 May 2021 | 6 replies
You can probably add it to your existing cell phone plan for $40/mo or so.
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29 September 2018 | 12 replies
Hopefully you'll find that additionally helpful!
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17 September 2018 | 2 replies
At the price point of our properties, it ends up being a little over the 6 months of mortgage payments per property that the commercial lenders in my area like to see prior to lending on additional properties.
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20 September 2018 | 8 replies
Imagine being an auction company and offering damages to buyers when a seller can't close because they didn't calculate properly or foresee additional lien payoffs.