Bob Pakney
Cost Worksheet
1 January 2015 | 10 replies
I do appreciate your input on this and I'll post the final numbers over on the marketplace forum APN# - 000 PURCHASE PRICE $0.00 PURCHASE COSTS Inspection $0.00 Closing Costs $0.00 LenderFees $0.00 TOTAL $0.00 HOLDING COSTS Mortgage Payments $0.00 Property Taxes $0.00 Utilities $0.00 Insurance $0.00 TOTAL $0.00 SELLING PRICE $0.00 SELLING COSTS Commisions @ 6% $0.00 Closing Costs $0.00 Home Warranty $0.00 Termite Letter $0.00 REHAB COSTS $0.00 TOTAL $0.00 TOTAL EXPENSES: $0.00 PROFIT/LOSS: $0.00
Brandon Z.
Risks of Having Many Mortgages
22 October 2015 | 2 replies
You imagine a situation where conditions change and suddenly you are stuck having to 1) lay thousands out a month to cover mortgages, or 2) have to sell at a loss and owe the bank lots of money, or 3) face foreclosures.I agree that drastic situations like that could probably be foreseen and prevented to some degree, but the thought of potentially facing multiple foreclosures is a scary one.
Thom H.
401k vs Rental Property...should he cash in the 401k???
4 June 2017 | 30 replies
He seems to be completely averse to the stock market based on his recent losses.
Andres Piedra
Hahaha! Full Panic Mode! ! ! !
23 November 2013 | 34 replies
yeah, I could have made a profit, but if wrong, I could have realized a loss.
Jose Rubio
Neelam Khan
Getting your home listed with Insurance Companies?
6 October 2023 | 11 replies
They will likely ask for additional information, such as the age and condition of the roof, plumbing, and electrical systems, as well as any previous claims or losses.3.
Kyle Meyers
1099s
2 January 2012 | 34 replies
I cannot write off unlimited passive losses but am limited to 25k which ends up getting phased out due to my W-2 income.That being said and to make sure I understand, I would fall in the same boat as Amanda and not required to issue 1099s?
Will Barnard
Reading or Hands on, what works best for you?
14 March 2010 | 71 replies
I would say that the mistakes you would probably make going on your own without any mentor and help by your side would result in losses in excess of $5,000.
Alex Locklear
Deficiency Waiver in Contract
29 December 2009 | 7 replies
The bank can write off their loss with a 1099-C...
Andrew Herrig
Multifamily (7 Unit) Analysis Help
20 July 2012 | 5 replies
To calculate expenses I estimated the following:8% vacancy2.7% taxes (of purchase price)1% insurance (of purchase price)10% maintenance (of gross rents)10% management (of effective rents)$1024 HOA duesI end up with a gross income of $51,600, vacancy loss of $4128, and operating expenses of $29,410 for a net operating income of $18,062 and pre-tax cash flow of $5489.