Matthew Amabile
NJ Duplex Analysis Help
8 October 2020 | 1 reply
Some preliminary numbers are below.Asking price: $149,900Current rent: $1600 with ability to increase to around $2000Tenants pay electric, landlord pays heating oil and water.Taxes: $5300 annuallyI like to keep capex, repairs, and vacancy all at 10% for safety, so with a $1600 rent, they equate to $480 monthlyInsurance I would assume anywhere from $80-120 monthlyI have been looking for a seller financed property because I already used my FHA recently and that is my first property, so conventional lending is a little harder for me to get right now.
Matthew Amabile
Seller Financed Property Analysis
8 October 2020 | 3 replies
Some preliminary numbers are below.Asking price: $149,900Current rent: $1600 with ability to increase to around $2000Tenants pay electric, landlord pays heating oil and water.Taxes: $5300 annuallyI like to keep capex, repairs, and vacancy all at 10% for safety, so with a $1600 rent, they equate to $480 monthlyInsurance I would assume anywhere from $80-120 monthlyI have been looking for a seller financed property because I already used my FHA recently and that is my first property, so conventional lending is a little harder for me to get right now.
Robert Smith
Is It Worth Repairing A Wooden Backyard Playset?
9 October 2020 | 8 replies
Be sure to require renters insurance as a fall and a broken arm will likely result in some sort of claim.
Ross Billington
Biting Off Too Much??
9 October 2020 | 5 replies
Do your due diligence and budget a healthy safety factor (contingency) for your project.
April Dagonese
Should I fix bathtub jets for renters?
11 October 2020 | 16 replies
It is not a health and safety code violation but if the house is of moderate luxury and they are paying market rents I would repair it, but get another plumber quote for the pump
An Duong
Seeking Vermont Multifamily investing advice!
12 February 2021 | 10 replies
Fire chiefs have to pass the building for all fire and safety regs, city power has to pass the building for energy efficiency if the tenant pays heat, public works has to flee all permits and outstanding fees.
Rhonda Willock
Santa Rosa area rental with yard needed ASAP
11 October 2020 | 1 reply
She and her husband own a company that does safety training for people that work for power companies, the fires, etc.
Brian Harris
Geo thermal ac and heating
12 November 2020 | 6 replies
It will cost you arm and a leg to service or find maintenance ...
Mason Moreland
AMA - Winery/Vineyards, Agriculture, Environmental Issues
15 June 2021 | 62 replies
This will "reset the clock" on the vines and delay bud break for some time and put us even further into the safety of early-to-mid-April.
Mamdouh Mikhail
FHA appraisal in Texas.
13 October 2020 | 2 replies
They will be looking for things like can the windows and doors open, do the appliances work, does plumbing work, are there any safety issues, etc.If you write something into the contract, then the appraiser is going to be looking at it.