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4 March 2020 | 3 replies
Because the financing is different for buildings with more than 4 units, as you may already know, you can't really use a per-unit price on a 4-unit and extrapolate to a 5 or 6 unit :(Instead of looking for comparable sales, you usually end up having to apply a market cap rate to the net income (NOI) of the property, which appraisers call the "income approach".As for what's a "market cap rate", well that's about as much art vs. science as (in some way) choosing good sales comps are.For a B area of Providence I think you'd be safe using a 5% or 5.5% cap rate, but if it was an A area like the East Side you might want to go with 4% or 4.5%.You should also ask around as I certainly haven't done any market survey of cap rates.
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15 August 2020 | 19 replies
Approximately $3.50 x 1200 = 2) For all other impact fees applied by your city.
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3 March 2020 | 5 replies
Your thoughts on applying that directly to the principle to pay it down faster (I do not plan on keeping the property more than 10 years.
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3 March 2020 | 7 replies
I cant pronounce half the names that apply.
13 March 2020 | 8 replies
The same doesn't apply to any potential gains.
5 March 2020 | 8 replies
I am thinking a rent to own contract and applying all rent toward my son owning the house at the time I recoup my 100k purchase cost.
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3 March 2020 | 3 replies
Hi, I was wondering I am paying so much money for exterminators and I see that what they're doing you need no extra skill it's just the knowledge I was wondering if there's someone here that can help me out first of all with roaches what type brand of bait can I buy and how do I apply.
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4 March 2020 | 24 replies
Now, I know this can be completely location dependent, however, I'm curious if there is an average that you've found that can be applied in a general analysis?
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4 March 2020 | 2 replies
But my wife will be a first time homeowner, can she apply for a 203k, keep all bills in her name, just have her niece pay for us back or whatever.
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6 March 2020 | 7 replies
Stock and notes interest would most likely be considered passive income so you should be able to offset them.Always consult your CPA because there are so many rules that may be true for one individual doesn't apply to another.