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28 September 2017 | 16 replies
If you were going to sell and move your money elsewhere, that's the math you'd be doing more or less.If I were in your shoes and looking at that kind of mortgage rate, I would be inclined to figure out how to increase the revenue on the property.
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27 September 2017 | 6 replies
However, both the Secretary of State and the Department of Revenue have the power to impose penalties and fines.
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4 October 2017 | 4 replies
Your cashflow looked pretty slim with financing eating over 60% of your revenue.
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29 September 2017 | 10 replies
Estimated mortgage: $1259 per month. (4.8% interest, 30 year mortgage, 25% down based on an offer of $80K per duplex) Taxes are: $300 per month (based on 2016 tax assessment) Insurance is: $236 per month (quote from insurer) PM@ 10% $400 (I currently self manage) Maintenance @10%: $4008% Vacancy: $320TOC: $2915All Units are currently rented at an average of $500 (some units have long term tenants and the rents have not been raised in a while) Total Rent Revenue: $4000 (We plan to rent the units for $525-$550 once the current leases expire)All units have newer HVAC units and come with (older) appliances.
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16 October 2017 | 76 replies
Could be a great investment for your business and additional revenue.
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29 September 2017 | 21 replies
I have a few properties that have revenue around the same and I paid around 500-600k for them.
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4 October 2017 | 54 replies
How are you splitting your time or what's your projected split of revenue amongst your streams?
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1 October 2017 | 2 replies
@Peter Paxos$60 / month per unit sounds improbableRegardless, when analysing a deal we never include laundry or extra parking revenue - we are interested in the cashflow generated from unit rentals.
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5 October 2017 | 17 replies
Unless you have revenue in excess of $1 million, you won't have to pay anything, but you do have to file.
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1 April 2017 | 4 replies
I would also recommend setting up a separate bank account for any and all operating revenues and expenditures.