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19 February 2016 | 21 replies
There will of course be expenses which will inevitably reduce this 12% annual gross income figure down to 6-7% most likely (cap rate - net operating income/price+cost).so to get your 10-12% cap youd have to have an annual gross of 18-20% which means 1.5-1.70% monthly gross income to sales price+ rehab cost, unless if you drove down from redmond to tacoma and did your own management, repairs, lawn care, etc.
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16 February 2016 | 10 replies
Sherwin, if you have 3 units at 700 each, assuming 50% of gross income goes to expenses, that means a net operating income (NOI) of 12,600.
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15 February 2016 | 18 replies
If there are you might not attract quality tenants as you cannot control how other landlords operate around you which is why I want full control of a development.
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16 February 2016 | 4 replies
@David HuynhIf you are looking to finance a real-estate operating company using retirement funds explore the ROBS 401k as it will allow you fund your own business tax and penalty free using retirement funds.
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19 February 2016 | 10 replies
Data at rest in any store-forward operation is a real problem.
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14 February 2016 | 3 replies
I have run the numbers via Rental Property Calculator on BP and here they are:Purchase Price: $460,000.00Monthly Income:$4,200.00Monthly Expenses:$3,593.20Monthly Cashflow:$606.80Pro Forma Cap Rate:5.93%NOI:$27,952.00Total Cash Needed:$126,000.00Cash on Cash ROI:5.78%Purchase Cap Rate:6.08%Total Monthly operating expenses:Vacancy:$294.00Repairs:$210.00Water:$100.00Sewage:$100.00Insurance:$150.00P&I:$1,722.53Property Taxes:$916.67Misc:$100.00Please let me know if I am crazy to do this deal.
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22 February 2016 | 24 replies
@Simon Cox Looks like you have thought of all operating expenses.
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17 February 2016 | 14 replies
Year1 Gross income $ 24,000 less vacancy $ 1,200 Total Operating income $ 22,800 Prop Taxes $ 4,237 Insurance $ 2,145 HOA $ 1,128 Maintanance (from gross income) $ 1,200 prop management $ 2,387 Total Operating Expenses: $ 11,097 Net Operating Income (NOI): $ 11,703 less mortgage expense: $12,835 Annual Cash Flow: $ (1,132) Monthly cash flow: $ (94.34)
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14 February 2016 | 5 replies
In Texas PMs need to be licensed and being a Realtor VS being just a licensed real estate agent does carry additional operational requirements.
28 November 2019 | 5 replies
Wholesaling is a hands on business, so it won't qualify, bottom line you can't run day to day operations of the business.