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11 September 2021 | 3 replies
I don't know how the handled it but they put the utilities into my name the next day.
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8 September 2021 | 1 reply
If I update the lease can I increase the rent since I pay the utilities?
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9 September 2021 | 0 replies
My current area is terrible when it comes to real estate investment and looking for any cash flow positiveness.Also since I can only buy a single property per year as a primary resident, by utilizing 10% downpayment, I'd like to maximize as much cashflow as positive rather than just ROI.
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14 September 2021 | 5 replies
Reasoning for this strategy would be to utilize the 3.5% and keep other money for next move after that.Other plan Im considering is buying either a multifamily nearby using a 20% down payment, or an out of state investment property with 20% down.
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9 September 2021 | 5 replies
Is it possible to have a licensed relator become an "employee" of the company and utilize their license to give the company the ability to receive commission splits?
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16 September 2021 | 55 replies
Today they had TWO issues.1) The boys couldn't read their utility bill!
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4 March 2022 | 10 replies
If you max it out your debt utilization rate shoots up to 100% on that line of credit which can cause the credit agencies to lower your score quite substantially.
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11 September 2021 | 3 replies
- airDNA forecast increasing, >$550/night by 2021)Short term Rental Fees:-Property Mgmt (20% of revenue)= $1900.00 -Local tax (13% of revenue) = $1235.00General fees:-Mortgage Principal+Int: $1578-Insurance(monthly): $160-Property tax(monthly): $317-PMI: $200 -HOA: $0-Maintenance: $500/month -Utilities/electric: $250-Utilities/grass: $150-Utilities/water: $100 -Utilities/Internet: $70 -Cap Ex (saving 5% of revenue): $475-Vacancy (Saving 5% of revenue): $475——————Total: $7410$9500-7410$ = $2090 cash flow/month on average ——More traditional rental, eg month-to-month: 4 months per yearRental IncomeUnit 1-(3 bd/1ba): $2500/mo Unit 2- (1 bd/1ba): $1100/moUnit 3- (1bd/1ba): $1000/moTotal: $4600/monthGeneral fees:-Mortgage Principal: $1578-Insurance(monthly): $160-Property Mgmt (10% of revenue)= $460-Property tax(monthly): $317-PMI: $200 -HOA: $0-Maintenance: $500/month -Cap Ex (saving 2.5% of revenue): $ 122.5-Vacancy (Saving 2.5% of revenue): $ 122.5Total: $3460/month$4600-3460= $1140/month in cashflow on average
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11 September 2021 | 3 replies
Looking at a duplex where the current owner pays utilities simply because there is no si meter for water or electric.If I were to try and sub meter it, how much would that cost?
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14 September 2021 | 22 replies
@Miles Thompson When we have done major renovations like this, we utilize construction mortgages through our mortgage brokers which give us the funds to perform thw ork in draws.