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25 November 2018 | 16 replies
She also told us that our insurance carrier would not cover that dog.
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13 August 2018 | 4 replies
You probably mean advances for escrows for taxes and/or insurance?
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21 August 2018 | 2 replies
I am self-employed, so I was hoping to get a No Income Verification style loan (at least that's what it was called last time), where they look at your bank statements to make sure you have enough coming in to cover the mortgage, taxes, insurance, etc..Basic stat's are as follows:-Income roughly $5,300/mth in deposits (minimum)-No car loans-Current townhouse has been paid off for a few years-Have a couple commercial properties (one in my personal name ($300k ARV) - just purchased in June 2018, the other one ($300k ARV) owned in a corporate name for 3 years).
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6 September 2018 | 13 replies
@Darvin EzellQ1- Yes, to title immediately to get the workup completed- you need to verify clear and insurable titleQ2- To the title company to hold in escrowQ3- This is a one-shot deal...it's your opportunity to exit the contract based on findingsQ4- To title (based on your question)
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13 August 2018 | 4 replies
Income Evaluation No of Units Unit Rate Income 2 Bedroom Unit A 1 650.00 650.00 2 Bedroom Unit A 1 650.00 650.00 2 Bedroom Units A 1 650.00 650.00 2 Bedroom Units B 1 650.00 650.00 2 Bedroom Units 1 - - 3 Bedroom Units B 0 - - Garage Units 0 - - - Storage Units 0 - - Laundry Units 0 - - Comm Units 0 - - Comm Units 0 - - Comm Units 0 - - Total Monthly Income 5 2,600.00 Total Annual Gross 31,200.00 Total Annual Cost / EBIDTA 9,911.86 Net Cash Flow (Annual) 21,288.14 Net ROI 42.39% Monthly Cost of Operation By Landlord By Tenent Monthly Annually Monthly Taxes x 137.50 1,650.00 (From Historical Data) Montly Space Rent (MHP) - - N/A Monthly Insurance x 100.00 1,200.00 Calc'd Monthly HOA - - Posted Monthly Water/Sewer X 320.00 3,840.00 Estimated Monthly Garbage X 160.00 1,920.00 Estimated Monthly Electrical X - - Tennant Monthly Heat/Gaas X - - Tennant Monthly Other Utes x - - N/A Monthly Yard Maint x 20.00 240.00 Estimated Monthly Maint - Op Ex x 260.00 3,120.00 Calc'd - 10% Cap Ex x 260.00 3,120.00 Calc'd - 10% Monthly Vacancy x 182.00 2,184.00 Calc'd - 7% Screening/Tennant Management x 20.00 240.00 Estimated Monthly Management x - - At Risk - Self Manage MONTHLY OP EXP 1,459.50 Total Annual Expenses 17,514.00 Total annual Debt Service 8,452.36 Net Operating Income NOI 13,686.00 Net Income 5,233.64 ROI % 10.42% Low/Average CAP Rate (Net Income/Purchase) 2.92% Extremely Low Cash Flow per Door 109.03 Very Low Tax Assessment Estimated Expenses - 50% Rule 159.50 Conservative Banked Amount - CAP Ex, Repairs, Vacancy 8,424.00
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14 August 2018 | 2 replies
Need home owner insurance recommendations my usual agent not going to work out on this one.Thanks
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14 August 2018 | 4 replies
As an investor, there is a lot of potential for growth, and as I see philly development sky-rocket, I firmly believe holds will generate a good profit in the long run!
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13 August 2018 | 2 replies
How much of a discount is an actuarial calculation, like a life insurance policy.
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14 August 2018 | 12 replies
Current tenants pay $600 and $550 and the mortgage would run $700 including taxes and insurance.
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14 August 2018 | 7 replies
Perhaps I can borrow against my variable life insurance policy at a sub-10% rate.