Brian R.
Young, Tiny Income but Great Credit and Chunk of Cash
30 January 2014 | 3 replies
I like the idea of buying a double and living in half.
Harold Anderson
Old investor from Hubbard, OR needing to retire
30 January 2014 | 1 reply
We renovated our last home, a double wide on 6 acres and are renting it out.
Brie Schmidt
Account Closed
Is a 250,000 duplex worth it for my first investment?
30 January 2014 | 10 replies
I don't think I'll be able to get away with that because most 3 bedrooms in my area rent for $1200.
Jennifer Pletcher
Taxes question
1 February 2015 | 5 replies
You should title your props in PA entities to avoid double tax.
Rick Fischer
How to escape from a double mortgage situation
3 February 2014 | 20 replies
A two story house with the same foot print is not going to be worth double the value of a ranch.Lot size generally has little effect on price, in my experience.Condition and finishes make a big difference, too.
Darien Gilbert
Buy gutted duplex or Duplex thats rent ready?
31 January 2014 | 14 replies
I can get a gutted double, or ran down place for about 15k, or I could spend 45k and get a rent ready duplex?
Kim H.
MF Numbers, Can you think of anything else?
28 December 2018 | 9 replies
These are 5 attached 3 bedroom townhomes and 4 individual SF homes all on 1 acre of land.Please let me know if I am forgetting anything.Rent: $8,875.00Units: 9Maintenance $1,331.25Vacancy $443.75Property Manager $621.25Insurance $484.47Utilities $150 (calculated at 85% recapture on RUBS for water, gas and electric metered separately)Landscaping $300.00Advertising $73.96Ongoing Capital Expenses $887.50Taxes $702.63Purchase Price $385,000.00Rehab $78,100.00Holding Fees $17,750.00 (2 months rehab, some will rent sooner)Closing Costs $3,500.00Cash out of Pocket $484,350.00Additional ideas for extra income:Pet Rent - $10 per month per pet (the property has a huge green space for pets that I may actually fence in as a "dog park")Appliance Rental - $25 per month for w/d, $15 per month for refrigerator (I actually ran across this idea looking for my son an apartment recently)Property also has a big playground that I may remove -- not sure yet.Please let me know if there are other expenses that I am not calculating (hopefully they are small :))
Filipe Matos
How to find/buy Apartment buildings in Ontario
4 February 2014 | 20 replies
Today they told me 25%, but it used to be 20%.The mortgage rate for this mortgage is residential, between 2.5 to 3.7%I will be probably looking at 6 Plex in rough shape with higher cap rate since I like to renovate instead of paying for others renovations.thanks for the tip about cambridge, I actually saw a nice 5 plex for 400K, with something I really like: 2 bedroom apartments. thsnk youFilipe
Scott Sewell