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9 January 2019 | 3 replies
Common-area lights or water/sewer?
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9 January 2019 | 4 replies
On 10/26/18 there was a flood in the home (fault of my own) causing damage to the kitchen, master bed/bath (my room), and the main living room.
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8 January 2019 | 1 reply
Have you been able to check all the major systems (HVAC, roof, water heater, etc)?
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9 January 2019 | 2 replies
There is about $3000 in expenses per year (maintenance = $217, pest $450, gas $185, water $1270, and garbage = $1700).
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4 February 2019 | 21 replies
They are paid based on damage assessed so the more they find the more they get paid (good for you).
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12 January 2019 | 9 replies
Purchase price: $13,100 Cash invested: $30,000 Sale price: $79,900 This was my first fix and flip, The house was in complete disrepair, it was gutted to the studs, spray foamed, new electrical & plumbing. replaced the water heater and furnace with new high efficient models, new drywall & siding, porches, basically the whole house besides the roof and studs.
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9 January 2019 | 1 reply
Other fees turning water on/appraisals etc$1000$51000 opening cost.
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26 September 2018 | 9 replies
I'll be paying for water and gas radiator heat.
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17 August 2018 | 5 replies
Here are my numbers I tried to link to my direct excel sheet last post but it wasn't working so I'm just going to copy and paste.Property Type: Single Family 4 bed 3 Bathroom Mortgage Calculation Property Price $ 180,000.00 Loan Amount $ 173,700.00 Down Payment of 3.5% $ 6,300.00 Interest Rate5%Loan $ 173,700.00 Loan Length (years)30Rental Income $ 1,500.00 Cash Flow Payments per year12 Out of pocket $ 1,172.46 Total number of payments360 Tenants Rent $ 1,500.00 payment per period$932.46 Monthly Expenses Cash On Cash Return Monthy Payment with Tax$1,497.46 Taxes $ 450.00 Down Payment $ 6,300.00 sum of payments$335,685.30 Insurance $ 115.00 Closing Cost $ 3,000.00 Interest Cost$161,985.30 Electric $ 100.00 Rehab Budget $ 7,000.00 Water $ 70.00 Total Investment $ 16,300.00 Gas $ 50.00 HOA $ - Lawn $ 25.00 Vacancy $ 100.00 Repairs $ 50.00 Mortgage Insurance $ 115.00 Capx $ 100.00 Mortgage $ 1,497.46 Total Monthly Expenses $ 2,672.46
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19 August 2018 | 73 replies
So here's one idea: if you want to find people near you in serious financial hot water, with pressing reasons to sell their house to you, why not look where you're sure to find these people?