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10 April 2018 | 3 replies
I am trying to do my due diligence when analyzing properties, and a lot of the time it seems that my cash flow becomes dependent on my cost per month of insurance.
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16 April 2018 | 11 replies
The owner keeps paying for and taking tax deductions for the Insurance, R E taxes, Maintenance, etc.
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14 April 2018 | 11 replies
It may be a bit more in title fees for more expensive property, and insurance and tax costs will be higher but everything else will be about the same.
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11 April 2018 | 5 replies
The package provided by the owner only listed monthly expenses of $415 (not including taxes, insurance or utilities).
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10 April 2018 | 3 replies
Look at tax free accounts such as Roth IRAs/401ks and health savings accounts and do your investments there - much smarter move.
11 April 2018 | 6 replies
(I'm senior management for a life insurance agency, transitioning to LA).
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10 May 2018 | 39 replies
Now, if I take a reasonable valuation of about $1.1m (the slightly smaller, less nicely renovated house literally two houses over sold for about $1m a year or two ago) and throw that into a mortgage calculator with 20% down and comparable taxes/insurance, I get about $4,500/mth.
10 April 2018 | 1 reply
The house does not qualify for windstorm insurance because the roof has major termite damage and needs to be replaced (including the trusses).
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14 April 2018 | 9 replies
@Jeffrey H. ok so here is the numbers from the OM that the broker furnished to me: ESTIMATED LENDER ACQUISITION COST:List price: $1,175,000 ( @ 28 units = $41,964 per site)Buyer requesting Down Payment of 30% = $352,500Projected Lender Financing: $792,500 @ 5% FIXED 30 year AMORT with a 10 year DUEINCOME, EXPENSES & CASH FLOW:Actual 2016 Gross: $212,752Actual 2016 Expenses: $95,915 (45%)Actual 2016 NOI: $116,837Projected Lender Debt Service: $57,494Projected Net Cash Flow: $59,343FINANCIAL INDICATORS:Cap Rate: 9.16%Projected Total Cash Return: 18.96%PROPERTY DETAILS:All age park28 Homesites# of Park Owned Homes: 28 (100%)Occupancy: 100%Utility Reimbursements: NO2016 INCOME AND EXPENSE ANALYSIS:Total Net Rent: $212,752Total Operating Income: 212,752Real Estate Taxes: 4,054Property Insurance: 5,524Utilities ( all lumped into one total, broker and/or seller did not offer it broken down individually ..yet): 30,658 Payroll & Benefits: 26,225Maintenance & Repairs: 2,058Administrative/ Office: $26,668Advertising & Promotion: 728Total Operating Expenses (45%): $95,915--------------------------------------------------------------------------------------Net Operating Income: $116,837The screen shot copy of the rent roll excel sheet i am waiting on further explanation from broker in order to determine how to interpret all the acronyms that the seller put in it so i can begin to figure out the rent roll for that month.