
4 February 2020 | 3 replies
So that fit exactly into what I shoot for.

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!

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!

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!

22 February 2020 | 9 replies
You can find a few listed on the Meet-Up app for starters.

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.

6 February 2020 | 15 replies
A one-size-fits-all individual mandate is not required.Most of us here oppose rent control.

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).

8 February 2020 | 12 replies
Since I'm living in this house I need it to fit my needs.

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.