Amia Jackson
It's almost like our triplex was free
18 September 2017 | 10 replies
Our total mortgage amount is 165k and our total out of pocket is about 9k, that's closing costs, fees, insurance, appraisals everything.
Ari Bachrach
Feedback needed on first deal
15 September 2017 | 3 replies
I will probably want to refinance at least 80% of that into something fixed at some point to hedge against rates going up.Monthly costs:* debt service = $441 (141,000 *0.0375/12)* insurance = 78 (quote from Geico)* HOA: 860* taxes: $149 (it's $894 each per year)* repairs: $100 (I'm estimating a little less than with an SFR because with a condo I don't worry about the roof, the hot water heater, landscaping, etc.)total: 1628Monthly income: $2660 (1410+1250)Net: 1032Cap rate = 8.7% (1032*12/141000)Things I didn't include: closing costs, vacancy.
April Molina
List Source - How do I find Cash sales!!! HELP
15 September 2017 | 2 replies
I am on List Source trying to gather my numbers for certain zipcodes in my farm area such as how many SFH, Equity, OO, REO etc and I can not seem to find how to check for " total cash sales in the last 6 months to a year".
Michael Lee Gundersen
Where should I save my money before I invest in a property?
16 September 2017 | 15 replies
What are you TOTAL monthly expenses including gas, food, gifts, movies, mortgage, dinners out etc?
John Knisely
Oil to Gas Utility Conversion
15 September 2017 | 7 replies
PECO will need to know the total BTU maximum load demand for all of the gas burning equipment to properly size the lines and meters; I would expect one big line from the street to the property to be sized to handle all BTU demands for all units, and then a split to let each unit get a line and meter sized to their individual needs.No way that anybody on the Internet is going to be able to tell you what this will cost.
Scott McMillan
Property Management Lease Placement Issues (CA)
15 September 2017 | 4 replies
I also used them to perform a few maintenance issues, which was paid out of the security deposit and 1st months rent they collected at the lease signing.
Account Closed
For 50+ MF, how common is it to show a loss after depreciation?
22 September 2017 | 25 replies
HOWEVER, the security and risk mitigation you receive is priceless.
Brett Staples
First investment ideas?
30 September 2017 | 2 replies
Make a spreadsheet and take your total rent and subtract vacancy, mortgage, capital expenditures/Maintenance, Tax, insurance, and property management (You always want to include this just incase down the road you end up using property management).
Shaun R.
Pool in the back yard
15 September 2017 | 5 replies
You definitely need to consider the liability, however, you can overcome that with insurance and taking the proper steps to follow the laws in your state around securing the pool.
Brian Lesko
Going to look at a duplex this weekend
20 September 2017 | 9 replies
Total gross rent = $1050 per month.