Horacio Gutierrez
Tenant moving 30 days before 60 notice
27 June 2019 | 2 replies
Generally, he should give you some notice in writing, text or e-mail would do.
Jason Lopez
What’s best for a noob? Flip or buy and hold?
11 July 2019 | 3 replies
I recently purchased my home in longscreek 78247 and was thinking of buying a couple houses here or in stone oak to buy and rent or would it be best to buy And flip a handful on the S/Ne/E side.
Derek Luttrell
Seller Misses Inspection Response Deadline
27 June 2019 | 1 reply
I also told my agent multiple times that I wasn't going to order the appraisal until the repairs were done (or we at least received the seller's response), yet yesterday he e-mailed my lender to "go ahead and schedule the appraisal" without notifying me first.
Yuhua Lin
Investing in Sacramento and Elk Grove, CA
1 July 2019 | 3 replies
much better values in comm r/e these days in just about all areas of Sac and surrounding.
Helen De la rosa
Bye Bye Dollar, Buy Buy Gold?
19 July 2019 | 88 replies
Originally posted by @Josh E.
Cameron Price
Is Tax Math Fair? And does anyone actually understand it?
30 June 2019 | 54 replies
What's in Sch A vs Sch B, C, D or E.
Tori Neil
Renting out the bottom duplex while you are living in the top.
28 June 2019 | 5 replies
The bottom half goes on the schedule E just like a rental.
Matt Lefebvre
I'm 22 & just bought 2 properties for the price of 1 @ a 29% ROI!
7 February 2022 | 24 replies
Here's the quick overview of my numbers and projections with more detail in screenshots of my excel spreadsheets:Purchase Price: $365,000Price Per Unit: $60,833Two-Family: $121,667Four-Family: $243,333Rehab Estimates: $60,000 ($10K/unit) Estimated After Repair Value: $575,000Loan: 90% LTV (of purchase price) @ 12% interest for 6 months with 2 points paid on exitProjected Cash-On-Cash Return: 29.35%Projected Internal Rate of Return: 51.02%Here's a picture of the current rent roll (two units were vacant) and my projection of the rent rollCurrent Rents: (more details considering the numbers don't tell the whole story)Two-FamilyUnit 1 (2BR+): VACANT - son-in-law lived here and moved out prior to closingUnit 2 (2BR): VACANT - empty when I walked it... he was "finishing" itFour-FamilyUnit 1 (2BR): $200/week H&HW included - one bedroom is painted entirely black, multiple windows are broken, and other weird things...Unit 2 (1BR): $780/month H&HW included - only "normal" tenant in the buildingUnit 3 (Studio): $150/week H&HW&E included - complete hoarder... floor to ceiling with junk except for a small path from his bed to the bathroom and the fridgeUnit 4 (Studio): $155/week H&HW&E included - smokes in her apartment without a care in the world... had a lit cigarette while I was walking throughProjected Rents:Two-FamilyUnit 1 (2BR+): $1,400/month (OWNER-OCCUPIED) nothing includedUnit 2 (2BR): $1,200/month nothing includedFour-FamilyUnit 1 (2BR): $1,200/month H&HW includedUnit 2 (1BR): $1,100/month H&HW includedUnit 3 (Studio): $1,000/mo H&HW&E includedUnit 4 (Studio): $1,000/mo H&HW&E includedHere's how the numbers broke down for cash in and cash out:Actual and projected expenses for the properties (I was given a single sheet of paper with hand-written numbers).
Laura P.
Small Landlord Software Programs
1 July 2019 | 4 replies
At year-end, I can output a schedule-E form for the year from quicken and hand it to my accountant for processing.