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22 August 2018 | 2 replies
On the same street you could have a 1200 SF one story hip roof house with a detached garage needing a roof replacement.
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21 August 2018 | 5 replies
I look for $150 per door after i move out in net profit each month.
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24 August 2018 | 5 replies
Hard work man...Calling your sphere, call arounds for other listings, door knocking, open houses, networking events, social media, forums like these, etc etc.
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24 August 2018 | 5 replies
Lets take a quick look at the numbers on the house hack duplex:Purchase price: $160,000Renovation budget: $21,000ARV: $215,000 Rents: First floor: $1,250 before being fixed up, but i am occupying and its already fixed up.Second floor: $850Three garage bays: $95/each Total expenses after re-fi (PITI): $1,815 (NJ taxes are unreal!)
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30 August 2018 | 14 replies
I want to spend less than $3,000 on inspections and closing costs I want to spend less than $20,000 in initial repairs and rehab Schools above 6 rating Tenants pay all utilities Ideally: Rent 1% or more of ARV Ideally:10-12%+ CoC ROIIdeally: I want minimum 100+ monthly cash flow or 100/door after ALL expensesWhen possible, I want to purchase multifamily units (2-4, max 8)Values we use in our calculations: 5.5% interest rate, 30 years, 25% DP 10% vacancy 6% repairs and maintenance 6% capital expenditures 10% management fees 2% annual income growth 2% annual appreciation growth 2% annual expenses growth 6% sales/exit expenses
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22 August 2018 | 1 reply
Today, someone told my fiance that the space between the door and the peninsula isn't enough space and would be against code.
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23 August 2018 | 19 replies
When I see a for sale by owner or I see a building that interests me, I simply knock on the door and ask to speak with the owner.
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21 August 2018 | 3 replies
It's like a free neighborhood garage sale.
30 August 2018 | 22 replies
I did find a SF-2, and it doesn't even allow garage apartments to be a separate dwelling unit.
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22 August 2018 | 3 replies
So then I get a call from an electrical contractor stating that the unit next door is having some issues with their power and they have located that the problem is under my deck, and they will need to remove boards, dig it up, and do a repair.However, a couple of small twists in the story make me nervous.One is that apparently the homeowners are responsible for the maintenance of the power line from from the transformer, so it’s not the association with deeper pockets who is on the hook, its the nieghbor .