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Results (3,799+)
Rick Hernandez Four Plex- I want to pull the trigger on this one but should I?
13 September 2018 | 5 replies
If I adjust for three of the units paying their own electric than my approximate electrical usage drops to $2066 per year which increases cash flow to $5,248 annualy.Here are my numbers as they currently stand:  Assumes $700 mo for the owner occupied unit than 500, 550 and 350  monthly.All tenants are on a month to month so I am not locked in with them so if they don't wish to pay their own electric I can move new tenants in.InputsResultsPurchase price:$105,000Down payment amount:$21,000Scheduled monthly income:$2,100Total out-of-pocket expenses:$22,200Other monthly income:$0Vacancy rate (%):5.00%Debt Service Calculations:Number of Units4Blended rate:5.500%Financing information:1st loan amount:$84,000Down payment (%):20.00%1st loan monthly payment:$4771st loan portion (%):80.00%2nd loan amount:$02nd loan portion (%):0.00%2nd loan monthly payment:$01st loan interest rate:5.500%Total annual debt service:$5,7231st loan term (yrs):30Amortization (yrs)301st loan closing costs:$1,200Income and expenses:2nd loan interest rate:0.000%Gross scheduled rental income:$25,2002nd loan term (yrs):0Gross other income:$0Amortization (yrs)0Total gross income:$25,2002nd loan closing costs:$0.00Less vacancy:-$1,260Total annual operating expenses:-$15,114Operating Expenses (annual):Net Operating Income:$8,826Real estate taxes:$2,300Annual cash flow:$3,103Insurance:$900HOA dues:$0Management fees:$2,640Rates and ratios:Legal expenses:Capitalization rate:8.41%Marketing:Cash-on-cash return:13.98%Landscaping and snow removal:$0Debt service coverage ratio:1.542Maintenance and repairs:$1,320Reserves:$528Other Calculations (precise in one-loan scenarios):Supplies:Minimum desired DSCR:1.2Other:$0Purchase price to support minimum DSCR:$134,935Landlord paid utilities (annual):Average Cap Rate Supported (based on local area):9.6%Garbage:Water and sewer:$2,052MAXIMUM purchase price to support required Cap Rate$84,730 Electricity:$4,210Gas:$1,164Phone/Cable/Internet:$0
Jason Owens Buyers List vs Motivated Seller - Chicken or the Egg & the Brand
20 November 2015 | 3 replies
What way would you suggest for someone new to the industry who is looking to establish himself / company as professional, precise, thorough, and profitable wholesaler to work with?  
Josh Childers Ohio Wholesale Deal
12 February 2016 | 41 replies
There are still questions on precisely where the line for "advertising" is drawn.Number three is should be absolute, but there may be a loophole somewhere.3. 
Michael L. Wholesaling Land..What contract to use?
18 February 2017 | 1 reply
Phoenix precisely Your help is greatly appreciated.Thank you
Yinan Q. Subject to: title company won't issue title insurance
22 March 2021 | 42 replies
Keep in mind, the seller, is still an owner of record (more precisely, the land trust where the owner is a beneficiary - is the owner of record).I am not an attorney and the above is just my personal opinion and obviously is not legal advice.
Heidi Backer Coin operated laundry
14 May 2017 | 6 replies
That's hard to be precise.
Account Closed A recent flip I did in Raleigh, NC
30 June 2017 | 47 replies
While Raleigh is not my home market, I used to live down there (Morrisville to be more precise between 04-05) and I am just curious since our reality up here in Boston is VERY different for flips...
Jon Klaus Month to month vs. 12 month lease
22 August 2015 | 42 replies
Both bad landlords and bad tenants love long-term leases precisely because of the lock-in feature.The fact that one of your tenants did not understand how a MTM works is irrelevant. 
Reginald S. A local RE attorney told me today that you all are scam artist!
14 August 2015 | 22 replies
At that point in time the only thing that I was perceiving about him was precisely what you obviously seem to perceive about him now.
Hunter Crespin Advice on education and goals for an aspiring 17 year old.
24 July 2017 | 9 replies
Now in order to target your post more precisely, Hunter, I want to firstly expand upon the comment Caleb made above.