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25 August 2018 | 3 replies
The apartment was not cleaned, she left a bunch of her stuff as well (furniture, mattress).
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25 August 2018 | 4 replies
It can end up having a negative effect once you realize how much there is to know about real estate.
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7 September 2018 | 19 replies
I also relisted it for $75 *higher* effective now (7:20pm 8/28).How does it look now?
24 August 2018 | 2 replies
The One Thing, The Compound Effect, anything from Napolean Hill, and Tim Ferriss' books Tools of Titans and Tribe of Mentors are some of my favorites.
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24 August 2018 | 5 replies
More to the point, the amount of debt through refinancing/cash out financing has No effect on the sellers cap gain tax.
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24 August 2018 | 2 replies
Asking Price 215000 Primary Inputs Purchase Price($) $ 190,000.00 Downpayment(%) 3.5% Units(#) 2 Monthly Rent($) $ 1,150 Occupancy Rate 75% 30 Year Loan Rate(%) 4.50% 15 Year Loan Rate(%) 3.90% Secondary Inputs Closing Costs(%) 6.0% Property Tax(%) 1.8% Insurance(%) 0.8% Maintenance(%) 10.0% Property Management(%) 10.0% Improvements($) $ 20,000.00 Closing Costs($) $ 11,400.00 Inspections/Misc($) $ 600.00 Value (30-Year Mortgage Scenario) Monthly Rent $ 1,725 Annual Rent $ 20,700.00 Value Per 2% Rule $ 86,250 Value Difference (2% Rule) $ (103,750) Annual NOI $ 13,800 ROI (Pre-Tax) 8.36% ROI (Post-Tax) 8.1% CAP Rate (50% Rule) 7.3% CAP Rate (Assumed Expenses) 6.0% Annual Expenses Annual Property Taxes $ 3,420 Annual Maintenance $ 2,070 Annual Insurance $ 1,520 Property Upkeep/Other $ 200 Property Management $ 2,070 Total: $ 9,280 30-Year Mortgage Results Money Down $ 38,650.00 Monthly Gross Rent $ 1,725.00 Monthly Loan Pmnt $ 929.01 Effective Rental Income $ 20,700.00 Annual Loan Pmnts $ 11,148.09 Annual Expenses $ 9,280.00 Total Expenses + Loans $ 20,428.09 Annual Cash-Flow (Pre-Tax) $ 271.91 Annual Return (Cash-Flow + Equity, Pre-Tax) $ 3,229.76 Annual Post-Tax Cash-Flow (Pre-Tax) $ 190.34
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27 August 2018 | 5 replies
In the corners they tack some small 1/4x 1" boards to clean offI purchased an 8 unit property consisting of 4 duplexes.
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31 August 2018 | 6 replies
Also, I have seen some things about Due on Sale Clause, but I'm not sure how that would effect anything because there is no sale until 18 months later.
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30 August 2018 | 7 replies
Had the pleasure of cleaning out junk from the property of my first deal and working on the landscape.
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29 August 2018 | 2 replies
What is the best practice to keep a clean and efficient system for screening peopl