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20 November 2018 | 16 replies
Based on Mehran K. this past weekend.
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26 September 2013 | 3 replies
TOTAL LOAN AMOUNT $30 K (FROM A FAMILY MEMBER)PROPERTY INFO:Current value: $41,500Vacancy rate: 10%Renovation: $8,000Property tax: $950 (YEARLY)Insurance: $1,000(estimate) (YEARLY)Rent per unit: $650-$725 (MONTHLY)Purchase price: $27,000 (cash purchase LOAN FROM FAMILY MEMEBER)NOI = $12,600Income - Expenses = $15,600 - $3000 yearlyCASH FLOW = $6,600Noi - Debt = $12,600 - $6,000$275 per doorOne thing that has been troubling me is how to take this research and figure out the cap rate.
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1 March 2014 | 20 replies
Originally posted by Rob K.: I'm not familiar with smart move, but the service that I use does not allow me to give them copies.
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8 November 2013 | 59 replies
Originally posted by Rob K: If a tenant did go to make a withdrawl, wouldn't the teller ask for identification and check to see if that person is on the account?
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2 October 2013 | 11 replies
I agree with what Kelvin K. said above.
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1 October 2013 | 9 replies
If they have equity and going through bk the other creditors are going to want that house to sell for max value so they get paid as well. 400k- 25 k in commissions leaves 75k or so for the other bills.
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8 October 2013 | 11 replies
All partnerships have to file a partnership return and send K-1's to each member.