Jamie Mason
My First Fix and Flip
2 July 2020 | 5 replies
I highly recommend setting your list price when you purchase the project & layout your renovation; you should not be adjusting your resale price during the course of the project.10.
Trenton Carey
Situating My Personal Finances Before Investing
30 June 2020 | 2 replies
We don't pay for the utilities, cable, internet, or alarm system.
Trenton Carey
Buying a home before investing
1 July 2020 | 3 replies
We don't pay for the utilities, cable, internet, or alarm system.
Lee Yoder
My First Small Apartment Building- Success Story
5 July 2020 | 31 replies
@Jeff Kennedy, @Michael Barnhart and anyone else who would like to see more specific data, here is my current monthly numbers: Rental Income $8,621.00 Utility Bill-back $275.00 Other Income (pet, storage, cafeteria, late fees, laundry) $505.00 Total Income $9,401.00 Commissions -$752.08 Leasing Commission Electric -$634.04 Gas -$364.26 Water -$605.82 Internet/Cable -$343.07 Trash -$76.75 Cleaning -$91.81 Lawn/Snow -$196.11 Maintenance -$295.17 Legal $0.00 Property Taxes -$1,022.35 Insurance -$203.92 Total Expenses -$4,585.38 48.78% NOI $4,815.62 Mortgage -$1,526.51 Cash Flow $3,289.11
James B Ballance
From Panic Attacks to Profit, a Tri-Plex Turns Terrific
1 July 2020 | 0 replies
We rewired the property, put a new roof on it, new plumbing, and improved the layout of the lower level unit.
Jason Polykoff
Does anyone know of a website that quickly shares comps?
5 July 2020 | 5 replies
So if your prop is in better shape or great view or layout, doesn't matter.Unfortunately, any good comps come from pay-for services since it's not cheap to maintain good info.Using MLS is OK, but you usually need to be a broker and there is a fee for the firm.
Joseph Tran
Where to get late rent form
4 July 2020 | 2 replies
Just search the internet for a free, downloadable one that fits your needs.
Keith W.
Sale price without comps
7 July 2020 | 15 replies
I have no reason other than to help you, yet still your feelings are hurt because you didn't like the tone in an Internet forum.
Kelly Beasley
Splitting profits- 50/50 or no?
11 July 2020 | 73 replies
@Jeff Stansberry wow- isn't the internet a crazy thing???
Simone Roche
Tax Question: Rental prop -> failed renovation -> sold
18 July 2020 | 6 replies
It has allowed us to write off car payments, car insurance, health insurance, cell phone payments, internet expenses, lunches.