A normal amortization schedule will take quite some time to chop down on 20% equity normally required if you buy exactly at market value.

Mine could certainly stand to be more systematized, but it normally includes a 5:15 wakeup call, cup of coffee on the way to 6 AM Jiu jitsu, bolt home to shower, meditate (Headspace and Sam Harris' meditations), prepare lunch, and I’m out the door.

This form will be an addition to your normal federal filing 1040.

Hi guys, is it normal for a seller of a property to tell you they cannot give you the exact actual rent figures because the property is managed by a third party leasing company who will not disclose the information?  

Is this normal practice?  

I also plan on "paying myself" that rent every month as if I were a normal tenant, simply to get accustomed to the accounting/ managing of the numbers. 

It is normal for insurance policies to be bound with an effective date of closing or date of auction win and then take a few days or weeks for the actual full policies to be processed and issued.

Unless you're a real estate professional in your full time job- then you may be able to take all losses against normal income 

Hi all, This really shocked me but have been told this is very 'normal'.  

anyway:I assumed $120k all in, with 5k in reno, it would be plausible to "discover" another $5k issue, otherwise I normally assume +20%, which would only be $1k here...anyway:[email protected]% for 30 years: $625 a month (after refi)taxes: 300 a monthInsurance $60/monthVacancy (1400@8%) = 112repair contingency $60 a month (4%) Capex $60 a month (4%)management fee $100=$1317the repair contingency is accounting for an update/refresh of something in 5 years to max resale (floors, kitchen/bath, whatever) and backs up capex if something goes to hell early.anyway, it was just an exercise of a representative home.