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30 August 2018 | 2 replies
Studying things" is an appropriate role of government, and all that is actually being discussed per HUD.Sec8 is an example of a federal program implemented locally, federalism and all that.
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5 November 2019 | 6 replies
I bought in a rent controlled area ( Perth Amboy Nj).
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22 August 2018 | 2 replies
One option to control your insurance expenses are to insure for ACV (covers yours and lender's skin in the game).
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17 September 2018 | 30 replies
This way the Lender controls the process and extraneous issues are less likely to interfere ...
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22 August 2018 | 16 replies
) - Gross Monthly Operating Income 32,642.00 Monthly Operating Expenses Monthly Property Management Fees 832.00 Repairs and Maintenance 1,000.00 Real Estate Taxes 5,241.00 Rental Property Insurance 1,959.00 Homeowners/Property Association Fees Replacement Reserve 2,000.00 Utilities 1,291.00 - Water and Sewer - Gas and Electricity - Garbage - Cable, Phone, Internet Pest Control 155.00 Accounting and Legal 150.00 Advertising Monthly Operating Expenses 12,628.00 Net Operating Income (NOI) Total Annual Operating Income 391,704.00 Total Annual Operating Expense 151,536.00 Annual Net Operating Income 240,168.00 Capitalization Rate and Valuation Desired Capitalization Rate 10.00% Property Valuation (Offer Price) 2,401,680.00 Actual Purchase Price 3,100,000.00 Actual Capitalization Rate 7.75% Loan Information Down Payment 620,000.00 Loan Amount 2,320,000.00 Acquisition Costs and Loan Fees 60,000.00 Length of Mortgage (years) 30 Annual Interest Rate 4.970% Initial Investment 680,000.00 Monthly Mortgage Payment (PI) 12,411.76 Annual Interest 114,527.10 Annual Principal 34,414.02 Total Annual Debt Service 148,941.12 Cash Flow and ROI Total Monthly Cash Flow (before taxes) 7,602.24 Total Annual Cash Flow (before taxes) 91,226.88 Cash on Cash Return (ROI) 13.42% The property is being given to me after completing 40 year certification (updated plumbing, electrical, parking, most units are decently remodeled.
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27 August 2018 | 12 replies
I tell alot of folks not to bank on market appreciation because you have no control or crystal ball.
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23 August 2018 | 7 replies
As you buy more you don’t want to own anything but you will want control everything.
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23 August 2018 | 1 reply
Thinking to do the trust as an exit strategy, feed the proceeds thru a trust, annuity or some type of funds I can control, donate the remainder 10% to charity.
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24 August 2018 | 12 replies
If they reimbursed rent from when you started the application that would be a huge improvement or if they could approve existing landlords that have proven themselves and catch up the paperwork and inspections after the tenant has signed the lease.I have 2 existing section 8 properties and I like the program.
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30 October 2018 | 59 replies
There's no serious economists that thinks rent control is a good idea.