Erik Sherburne
Prepaid utilities and pet fee?!?
22 June 2018 | 0 replies
Question for the experts: is there any reason to not accept prepaid utilities and monthly pet fee?
Joe Scheffold
Starting out with $25k
25 June 2018 | 9 replies
It sounds like you have a niche picked out that you'd like to pursue.
Parker Smith
Trouble Finding First Cash Flowing Deal
16 July 2018 | 27 replies
Cash flow = Rents - PITI - Expenses (Property Management 10%, Vacancy 8%+, Utilities, Repairs and Incidentals, Capital Expenses fund, Legal and Accounting)9.
Julian Joseph
Buying a House While being in Debt!!
11 July 2018 | 72 replies
I picked up a 2nd job but will looking for an even better one.
John Mason Wallace
Owner Occupied Duplex Residential Lease
1 July 2018 | 2 replies
I've moved into one side and am loving the area but I need to rent the other side soon to actually start having the building (slowly) pay for itself.The duplex has almost fully separated utilities except water.
Frankie Woods
"Grim" Affordable Housing Study by Harvard. An opportunity?
5 July 2018 | 31 replies
I'm not an economist or anything but there are a lot of businesses that are embracing remote work in efforts to save money on office space and utilities, not to mention offshoring.
Josh Hackett
Feeling overwhelmed and slightly defeated starting out
23 June 2018 | 10 replies
I just feel overwhelmed with picking the correct path and right direction to head.
Darrell Bratton
I am looking to pick up a 5 or more unit property as a short sale
28 June 2018 | 5 replies
Where is a good place to start looking for multifamily short sales? Or would you suggest and REO?Darrell
Account Closed
Renting to tenant to manage an AirBNB in the property?
23 June 2018 | 8 replies
I charged 10-15% higher than what I would have gotten on a regular tenant as well as them taking utilities and furnishing (like a normal tenant would).
Nick Quintin
My Landlord is selling duplex, potential 1st deal
2 July 2018 | 3 replies
Here are some preliminary numbers I ran: 260K FHA no repairs and current rents on left, 300K 203K, reno and higher rents on right: % Down Payment 5.00% 5.00% Down Payment $13,000 $15,000 Remainder of closing costs $3,000.00 $3,000.00 Total Due at Signing $16,000 $18,000 Mortgage Rate 4.60% 4.60% Length of Mortgage in years 30 30 Monthly Mortgage payment $1,266.00 $1,461.00 Taxes $386.00 $445.00 Sewer and Water $50.00 $50.00 Trash $50.00 $50.00 Heat/Utilities $ - $ - PMI $ 180.00 $ 208.00 Cap Ex and Ops $200.00 $200.00 Insurance $65.00 $75.00 Mgmt Fee $165.00 $165.00 Vacancy $132.00 $132.00 Total Expenses $2,494.00 $2,786.00 Unit 1 $500.00 $700.00 Unit 2 $900.00 $1,100.00 Total Revenue $1,400.00 $1,800.00 Cashflow/month ($1,094.00) ($986.00) Cashflow/year ($13,128.00) ($11,832.00) Cash on Cash Return -8.42% -6.57% I have not talked with the seller in detail yet, as I want to see if this is worth a deeper dive first.