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1 August 2018 | 4 replies
I only moved a few cities over into a different house, wondering if it was an environmental factor that was causing my issue (for which I had been hospitalized before).
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3 August 2018 | 7 replies
I guess we will see what the City Council decides in the future.
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1 August 2018 | 5 replies
I have a friend relocating from San Francisco to New York City.
2 August 2018 | 2 replies
Hello everyone,I am a buy and hold investor based in Jersey City, NJ.
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1 August 2018 | 0 replies
There is a housing shortage in the city and rents for this are going for $900.Manufactured Home 2bd / 1 bath Current: $17k cashARV: $25,000Rehab: $3,160 Space rent: $515Rent: $900Tenant pays water, electricity, internet, etcIt feels like a good buy and hold strategy because rental are in such high demand in the area.
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1 August 2018 | 1 reply
As to whether it is a decent deal, unless this thing is in a major growing city you can probably find better if you aren't including a management expense.
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6 August 2018 | 4 replies
It may also be possible the other development that happened in Kenosha County is finally reaching Racine.I own rental properties in Janesville (probably 2 hours west of Racine) the city is doing a massive reassessment this year.
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2 August 2018 | 8 replies
Also I am not considering any baltimore city properties at this time even though they have plenty of multis.
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6 August 2018 | 9 replies
It’s also in a city I know very little about (Norfolk, VA) here are the numbers- I welcome your thoughts/ insights:$259k - sales Price (4- unit building fully occupied)$1460- total mortgage payment (after 25%) down $305- Property Management Feee (10%)$105- trash (total water is $315 p/m but seller bills water to tenants and has it written in the lease)$60 - lawn careTotal rents are $3050Owner says monthly expenses are low.The best case scenario is net income of $737 assuming $400 extra monthly expenses (for worse case scenario unexpected expenses which always come up) and assuming all the tenants pay their rent.Positives- - Seems to be a good cash flow if expenses are kept low and everybody pays- 4-plex is located in an 85% residential area- building is ok condition (built in late 70’s) except roof is 18 yrs old- all tenants are gainfully employedConcerns- while the neighborhood visually looked fine, according to crimemapping.com its a moderately high crime area.