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4 October 2017 | 10 replies
They're located in Anaheim but I had an instructor here in N.
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7 September 2017 | 2 replies
I recently had a(n inherited) tenant vacate a house, owing more in rent and damages than her deposit will cover.
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30 December 2017 | 22 replies
If you do decide to look in Cleveland proper, I'd look at the areas directly adjacent to Euclid (called N.
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9 September 2017 | 5 replies
@Roy N. sorry for the multi posts when I clicked post on the app it just shut down and gave me no indication that it posted.
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21 September 2017 | 123 replies
You should run the numbers on the boot idea @Roy N. mentioned.
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12 September 2017 | 6 replies
Otherwise grab the tape, camera and a partner n hop to it!
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11 September 2017 | 6 replies
@Roy N., nice work Roy.
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16 September 2017 | 20 replies
I'm thinking about moving back there to do some fix n flip.
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12 September 2017 | 3 replies
The numbers look good:Location: Broadway HouseNumber of Units: 1Rent: $1,350.00 Square Feet: 1,666 Upfront Costs:Cost per Unit $95,000.00 Price: $80,000.00 Cost per Square Foot: $57.02 Cap Improvements & Repairs: $15,000.00Cash on Cash Return:19.84%Total: $95,000.00 Debt Coverage: [minimum 1.6] 1.78 20%Down: $19,000.00Capitalization Rate (ROI)9.05%Current Assessed Value: $29,666.00 Loan Amount: $76,000.00 Net Cash Flow per month: $314.08 Interest: 4.88%Net Cash Flow per month per unit: $314.08 Term (yrs): 30Total Rent/Month: $1,350 GROSS SCHEDULED RENTAL INCOME: $16,200.00 Less: Total Annual Debt Service: $(4,826.40)Less: Operating Expenses: $(6,470.63)Less: Vacancy and Credit Losses (7%): $(1,134.00)NET CASH FLOW: 3,769 NET OPERATING INCOME - (NOI): 8,595 INTEREST: 3,680 DEPRECIATION: 3,455 NET INCOME: 1,461 Property Insurance: $1,000.00 Property Management (10%): $1,620.00 Placement Fee(30%): $405.00 Real Estate Taxes (5.06179%) $1,501.63 Repairs and Maintenance (12%) $1,944.00 Services: Snow Removal: 720 Utilities: Electricity: N/A Gas and Oil: N/A Sewer and Water: $30.00/mo Other
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13 September 2017 | 3 replies
I'm looking at MH in Texas. I looked at a recent rent roll and everybody was MTM. I was told that most tenants go month to month after initial lease is up, but something about this sounds fishy. Does anybody know wh...