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28 February 2018 | 4 replies
It is a single-family property but will likely be rented to college students to generate some cash flow.
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18 December 2018 | 20 replies
From those one looked fairly good, well managed on the upswing as a new owner had come in and started remodeling and kicking bad tenants out. 24 unit complexList 565,000Purchase Price 535,000Gross Rent:138,000Less Vacancy(10%) 13,830Operating Income 124,470Property Tax 8,837Insurance: 6,900Management(6% after vacancy): 7,468Maintenance(6%): 8,298CapEx(6%): 8,298Water: 8,400Waste: 2,700Electric: 8,400(laundry room, hot water heaters, security camera's)Cleaning(unit turnover): 1,800Landscaping: 600Operating Expenses : 60,301Net Operating : 64,169Loan Payments(100% financing): 42,369Cashflow:21,80024 units - 16 2bedroom and 8 - 1 bedroom lofts.
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21 March 2018 | 5 replies
My only exit strategy would seem to be resale with appreciation bc at $420K purchase price (new build in nicer area), I'd never generate $4200 monthly rent (typically around $1800-1900 here).
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4 March 2018 | 8 replies
We’ve had to take over a lot of crazy situations since we have so many turn key operators of varying levels of ethics in our market.
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4 March 2018 | 3 replies
@Justin Marshall is correct that you either need to be a broker OR operate under a broker in order to manage someone else's property.
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9 March 2018 | 5 replies
We are a property management company that owns and operates our own property.
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3 March 2018 | 4 replies
If lender's experience is a rather integral part of the transaction and it's on-going operation it would make sense to have a premium over just a passive capital rate.
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4 March 2018 | 4 replies
Smaller operation but does a great job and communicates well.
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2 March 2018 | 3 replies
Expenses: $2,294.76HOA/ Management: $8,267.40Total Expenses: $49,005.15Net Operating Income: $50,750.25Rent RollMONTHLYTOTAL:$7830The Issue I am asking about is that there is a 600 Unit apartment planned for a block away.
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9 March 2018 | 12 replies
We asked a contractor, and the estimated cost is about 100K for such project.My question is that, if she go ahead with such remodel project, who much more rent can be generated?