Richard Kay
$100,000 to invest into buy and hold. Cash or mortgage
5 July 2018 | 6 replies
Do you mind being leveraged and using debt?
Timothy VanWingerden
MTM lease pay every 14 days?
7 July 2018 | 8 replies
The main reason why I am "giving her a chance" is because I am not in a good position to handle this turnover at the moment.
Allan Bishop Jr.
New Investor Currently in Vine Grove, Kentucky
7 July 2018 | 7 replies
I don't want to repeat everything in my profile but I'm looking at several markets in Texas, Maine, New Hampshire, and Kentucky.Currently I'm active duty Military working in a medical administrative field.
David J.
HIT WALL - OUT OF MONEY!! help, advice?
6 July 2018 | 19 replies
I guess the question is what are the reserve requirements.. and keep in mind they are for your own good.lack of reserves was one of the main reasons investors in the landlording business fail.
Mona V.
Rent-to-wn, who pays the HOA fees?
5 July 2018 | 2 replies
I would put it on the tenant, mainly because for financial purposes they will have to take over those payments once the house is theirs anyways.That being said I know my HOA does not allow transfer of fees to a tenant so I have to pay myself every month.
Yer Xiong
Out of state investor - Wanting to start in Kansas City
11 April 2020 | 33 replies
My main goal is to buy and hold small multi-family properties.
Mido Ali
real estate education and books
5 July 2018 | 1 reply
If I were you, I'd start networking with others in your area to see what's normal, expected, and what are the main hurdles that investors near you are having to overcome.
Ray Realdine
Additional Business Bank accounts or not?
5 July 2018 | 3 replies
My main question is why did you get a 2nd LLC and not just foreign qualify the existing one unless you wanted to protect them from each other?
Mike Madeja
DuPage County, ILL landlords here?
28 August 2018 | 9 replies
The main difference that is there between the two though would be tenant laws and rental inspections as they are in two different counties.
George Romero
New to MF investment 7 Unit
5 July 2018 | 0 replies
-Gross Monthly Operating Income3,291.75 Monthly Operating ExpensesProperty Management Fees347.00 Repairs and Maintenance200.00 Real Estate Taxes250.00 Rental Property Insurance298.81 Homeowners/Property Association FeesReplacement Reserve50.00 Utilities150.00 AdvertisingMonthly Operating Expenses1,295.81 Net Operating Income (NOI)Total Annual Operating Income39,501.00 Total Annual Operating Expense15,549.72 Annual Net Operating Income23,951.28 Capitalization Rate and ValuationDesired Capitalization Rate8.00%Property Valuation (Offer Price)299,391.00 Actual Purchase Price167,500.00 Actual Capitalization Rate14.30%Loan InformationDown Payment33,500.00 Loan Amount167,500.00 Acquisition Costs and Loan Fees6,000.00 Length of Mortgage (years)15 Annual Interest Rate6.690%Initial Investment6,000.00 Monthly Mortgage Payment (PI)1,476.66 Annual Interest11,002.25 Annual Principal6,717.63 Total Annual Debt Service17,719.88 Cash Flow and ROITotal Monthly Cash Flow (before taxes)519.28 Total Annual Cash Flow (before taxes)6,231.40 Cash on Cash Return (ROI)103.86%