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Results (10,000+)
Christopher Aguilera What would you offer on this Multi family to make it work?
4 February 2020 | 3 replies
So that fit exactly into what I shoot for. 
Lin Ding How to fund a 8-unit Apartment Building
5 February 2020 | 1 reply
Here's the math I did:MonthlyIncomeRent $12,000 ($1,500 a door)less monthly Operating Expense$5,613 (including vacancy factor $600, property taxes $1,333, insurance $560, maintenance $960, management $1,200, replacement reserves $960) which fits almost 50% ruleThen, Net Operating Income (NOI) $6,386.67/monthless monthly Debt Payment$4,816.79 (based on purchase $905,000 w 20% down, estimated 7% interest rate on a 30-year loan)CashFlow$1,569.88/month (on average $196 a door)Total Investment: $198,000 (including $181,000 for 20% down plus $10,000 for repair budget and $7000 for closing assuming Seller doesn't help with the closing cost)Cash on cash Return: 9.5%DSCR (NOI/Debt payment): 1.33Cap Rate: 8.4% (I used purchase price $905,000 plus repair budget $10,000 for the market value)Thank you so much!
Lin Ding How to fund a 8-unit Apartment Building
5 February 2020 | 3 replies
Here's the math I did:MonthlyIncomeRent$12,000 ($1,500 a door)less monthly Operating Expense$5,613 (including vacancy factor$600, property taxes$1,333, insurance$560, maintenance$960, management$1,200, replacement reserves $960) which fits almost 50% ruleThen, Net Operating Income (NOI)$6,386.67/monthless monthly Debt Payment$4,816.79 (based on purchase $905,000 w 20% down, estimated 7% interest rate on a 30-year loan)CashFlow$1,569.88/month (on average $196 a door)Total Investment: $198,000 (including $181,000 for 20% down plus $10,000 for repair budget and $7000 for closing assuming Seller doesn't help with the closing cost)Cash on cash Return: 9.5%DSCR (NOI/Debt payment): 1.33Cap Rate: 8.4% (I used purchase price $905,000 plus repair budget $10,000 for the market value)Thank you so much!
Lin Ding How to fund a 8-unit Apartment Building
5 February 2020 | 4 replies
Here's the math I did:MonthlyIncomeRent$12,000 ($1,500 a door)less monthly Operating Expense$5,613 (including vacancy factor$600, property taxes$1,333, insurance$560, maintenance$960, management$1,200, replacement reserves $960) which fits almost 50% ruleThen, Net Operating Income (NOI)$6,386.67/monthless monthly Debt Payment$4,816.79 (based on purchase $905,000 w 20% down, estimated 7% interest rate on a 30-year loan)CashFlow$1,569.88/month (on average $196 a door)Total Investment: $198,000 (including $181,000 for 20% down plus $10,000 for repair budget and $7000 for closing assuming Seller doesn't help with the closing cost)Cash on cash Return: 9.5%DSCR (NOI/Debt payment): 1.33Cap Rate: 8.4% (I used purchase price $905,000 plus repair budget $10,000 for the market value)Thank you so much!
Kelly Beiler Newbie Investor from Reading, PA!
22 February 2020 | 9 replies
You can find a few listed on the Meet-Up app for starters. 
Trevor Grogitsky New to real estate and looking for help!
5 February 2020 | 3 replies
Yes, I am a local(ish), I have been living here since elementary school, I didn't go to App but my best friend growing up did.
Brooks Johnson Realtor's Banning Pocket Listings
6 February 2020 | 15 replies
A one-size-fits-all individual mandate is not required.Most of us here oppose rent control.
Andres Ayala Buying from Wholesaler, Flipping the house, living & renting room
9 February 2020 | 5 replies
What you are proposing is called mortgage fraud, so the answer is no.As to calculating your mortgage, use any mortgage calculator (app on phone or google one).
Andres Ayala Buying from wholesaler, rehab, rent rooms, refinace
8 February 2020 | 12 replies
Since I'm living in this house I need it to fit my needs. 
David Minaya Should I create an LLC to invest in my first multi family deal
6 February 2020 | 13 replies
Otherwise, the courts can set aside any liability protection the LLC may offer you because you aren't acting in a manner fitting the LLC model.Too, LLC was designed for groups mostly.