He just told me it is a commercial property because when he pays his annual taxes it says commercial property 

Where is annual maintenance/repair budget?

I’m 19 I’ve been wanting to house hack for awhile now so I started building my credit as soon as I could I make a little north of 25k annually at the job I have now.

20201) find a fourplex that needs a little help listed for $35K2) offer $30K cash plus ask the seller to pay closing costs3) spend $20K to rehab the property & make it rentable - satisfying the standard 10% forced appreciation during the first year4) the property should now be worth ~$33K - giving you ~$3K in appreciation alone (not counting potential rental cash flow)20211) cut out as many expenses as you can on the fourplex & have the highest rents possible2) assuming 3% appreciation the property should now be worth ~$34K - giving you ~$4K in appreciation alone3) assuming all expenses are paid & $650/month individual unit rent, the total rental cash flow from all four units should be $1600/month - total annual profit: $4K (fourplex appreciation) + $19,200 (annual rent) = $23,20020221) buy fourplex II (using the profit from fourplex I) that needs a little help listed for $35K2) offer $30K cash plus ask the seller to pay closing costs3) spend $20K to rehab the property & make it rentable - satisfying the standard 10% forced appreciation during the first year4) the property should now be worth ~$33K - giving you ~$3K in appreciation alone (not counting potential rental cash flow)5) assuming 3% appreciation fourplex I should now be worth ~$35K - giving you ~$5K in appreciation alone6) assuming all expenses are paid & $650/month individual unit rent, the total rental cash flow from all four fourplex I units should be $1600/month - fourplex II is still being rehabbed - total annual profit: $5K (fourplex I appreciation) + $3K (fourplex II appreciation) + $19,200 (fourplex I annual rent) = $27,20020231) buy fourplex III (using the profits from fourplexes I & II) that needs a little help listed for $35K2) offer $30K cash plus ask the seller to pay closing costs3) spend $20K to rehab the property & make it rentable - satisfying the standard 10% forced appreciation during the first year4) the property should now be worth ~$33K - giving you ~$3K in appreciation alone (not counting potential rental cash flow)5) assuming 3% appreciation: - fourplex I should now be worth ~$36K - fourplex II should now be worth ~$35K - fourplex III should now be worth ~$33K - giving you ~$14K in appreciation on all three fourplexes6) assuming all expenses are paid & $700/month individual unit rent, the total rental cash flow from all eight fourplex units should be $3200/month - fourplex III is still being rehabbed - total annual profit: $6K (fourplex I appreciation) + $5K (fourplex II appreciation) + $3K (fourplex III appreciation) + $38,400 (fourplexes I & II annual rent) = $52,40020241) cut out as many expenses as you can on the fourplexes & have the highest rents possible2) assuming 3% appreciation: - fourplex I should now be worth ~$37K - fourplex II should now be worth ~$36K - fourplex III should now be worth ~$34K - giving you ~$17K in appreciation on all three fourplexes3) assuming all expenses are paid & $700/month individual unit rent, the total rental cash flow from all twelve fourplex units should be $4800/month - total equity: $37K (fourplex I price) + $36K (fourplex II price) + $34K (fourplex III price) = $107K - total annual profit: $7K (fourplex I appreciation) + $6K (fourplex II appreciation) + $4K (fourplex III appreciation) + $57,600 (annual rent) = $74,60020251) sell the fourplexes - use the 1031 tax exchange during the transaction to defer capital gains taxes to a later date (covered in SELLING section)2) buy twenty four unit apartment building w/ that $107K equity as a 20% down payment for a building priced at ~$535K (remaining loan amount is ~$428K) - after negotiating for lower price & seller pay closing costs of course!

20201) find a fourplex that needs a little help listed for $35K2) offer $30K cash plus ask the seller to pay closing costs3) spend $20K to rehab the property & make it rentable- satisfying the standard 10% forced appreciation during the first year4) the property should now be worth ~$33K- giving you ~$3K in appreciation alone (not counting potential rental cash flow)20211) cut out as many expenses as you can on the fourplex & have the highest rents possible2) assuming 3% appreciation the property should now be worth ~$34K- giving you ~$4K in appreciation alone3) assuming all expenses are paid & $650/month individual unit rent, the total rental cash flow from all four units should be $1600/month- total annual profit: $4K (fourplex appreciation) + $19,200 (annual rent) = $23,20020221) buy fourplex II (using the profit from fourplex I) that needs a little help listed for $35K2) offer $30K cash plus ask the seller to pay closing costs3) spend $20K to rehab the property & make it rentable- satisfying the standard 10% forced appreciation during the first year4) the property should now be worth ~$33K- giving you ~$3K in appreciation alone (not counting potential rental cash flow)5) assuming 3% appreciation fourplex I should now be worth ~$35K- giving you ~$5K in appreciation alone6) assuming all expenses are paid & $650/month individual unit rent, the total rental cash flow from all four fourplex I units should be $1600/month- fourplex II is still being rehabbed- total annual profit: $5K (fourplex I appreciation) + $3K (fourplex II appreciation) + $19,200 (fourplex I annual rent) = $27,20020231) buy fourplex III (using the profits from fourplexes I & II) that needs a little help listed for $35K2) offer $30K cash plus ask the seller to pay closing costs3) spend $20K to rehab the property & make it rentable- satisfying the standard 10% forced appreciation during the first year4) the property should now be worth ~$33K- giving you ~$3K in appreciation alone (not counting potential rental cash flow)5) assuming 3% appreciation:- fourplex I should now be worth ~$36K- fourplex II should now be worth ~$35K- fourplex III should now be worth ~$33K- giving you ~$14K in appreciation on all three fourplexes6) assuming all expenses are paid & $700/month individual unit rent, the total rental cash flow from all eight fourplex units should be $3200/month- fourplex III is still being rehabbed- total annual profit: $6K (fourplex I appreciation) + $5K (fourplex II appreciation) + $3K (fourplex III appreciation) + $38,400 (fourplexes I & II annual rent) = $52,40020241) cut out as many expenses as you can on the fourplexes & have the highest rents possible2) assuming 3% appreciation:- fourplex I should now be worth ~$37K- fourplex II should now be worth ~$36K- fourplex III should now be worth ~$34K- giving you ~$17K in appreciation on all three fourplexes3) assuming all expenses are paid & $700/month individual unit rent, the total rental cash flow from all twelve fourplex units should be $4800/month- total equity: $37K (fourplex I price) + $36K (fourplex II price) + $34K (fourplex III price) = $107K- total annual profit: $7K (fourplex I appreciation) + $6K (fourplex II appreciation) + $4K (fourplex III appreciation) + $57,600 (annual rent) = $74,60020251) sell the fourplexes- use the 1031 tax exchange during the transaction to defer capital gains taxes to a later date (covered in SELLING section)2) buy twenty four unit apartment building w/ that $107K equity as a 20% down payment for a building priced at ~$535K (remaining loan amount is ~$428K)- after negotiating for lower price & seller pay closing costs of course!

20201) find a fourplex that needs a little help listed for $35K2) offer $30K cash plus ask the seller to pay closing costs3) spend $20K to rehab the property & make it rentable- satisfying the standard 10% forced appreciation during the first year4) the property should now be worth ~$33K- giving you ~$3K in appreciation alone (not counting potential rental cash flow)20211) cut out as many expenses as you can on the fourplex & have the highest rents possible2) assuming 3% appreciation the property should now be worth ~$34K- giving you ~$4K in appreciation alone3) assuming all expenses are paid & $650/month individual unit rent, the total rental cash flow from all four units should be $1600/month- total annual profit: $4K (fourplex appreciation) + $19,200 (annual rent) = $23,20020221) buy fourplex II (using the profit from fourplex I) that needs a little help listed for $35K2) offer $30K cash plus ask the seller to pay closing costs3) spend $20K to rehab the property & make it rentable- satisfying the standard 10% forced appreciation during the first year4) the property should now be worth ~$33K- giving you ~$3K in appreciation alone (not counting potential rental cash flow)5) assuming 3% appreciation fourplex I should now be worth ~$35K- giving you ~$5K in appreciation alone6) assuming all expenses are paid & $650/month individual unit rent, the total rental cash flow from all four fourplex I units should be $1600/month- fourplex II is still being rehabbed- total annual profit: $5K (fourplex I appreciation) + $3K (fourplex II appreciation) + $19,200 (fourplex I annual rent) = $27,20020231) buy fourplex III (using the profits from fourplexes I & II) that needs a little help listed for $35K2) offer $30K cash plus ask the seller to pay closing costs3) spend $20K to rehab the property & make it rentable- satisfying the standard 10% forced appreciation during the first year4) the property should now be worth ~$33K- giving you ~$3K in appreciation alone (not counting potential rental cash flow)5) assuming 3% appreciation:- fourplex I should now be worth ~$36K- fourplex II should now be worth ~$35K- fourplex III should now be worth ~$33K- giving you ~$14K in appreciation on all three fourplexes6) assuming all expenses are paid & $700/month individual unit rent, the total rental cash flow from all eight fourplex units should be $3200/month- fourplex III is still being rehabbed- total annual profit: $6K (fourplex I appreciation) + $5K (fourplex II appreciation) + $3K (fourplex III appreciation) + $38,400 (fourplexes I & II annual rent) = $52,40020241) cut out as many expenses as you can on the fourplexes & have the highest rents possible2) assuming 3% appreciation:- fourplex I should now be worth ~$37K- fourplex II should now be worth ~$36K- fourplex III should now be worth ~$34K- giving you ~$17K in appreciation on all three fourplexes3) assuming all expenses are paid & $700/month individual unit rent, the total rental cash flow from all twelve fourplex units should be $4800/month- total equity: $37K (fourplex I price) + $36K (fourplex II price) + $34K (fourplex III price) = $107K- total annual profit: $7K (fourplex I appreciation) + $6K (fourplex II appreciation) + $4K (fourplex III appreciation) + $57,600 (annual rent) = $74,60020251) sell the fourplexes- use the 1031 tax exchange during the transaction to defer capital gains taxes to a later date (covered in SELLING section)2) buy twenty four unit apartment building w/ that $107K equity as a 20% down payment for a building priced at ~$535K (remaining loan amount is ~$428K)- after negotiating for lower price & seller pay closing costs of course!

Thereafter, creditors would send me a questionnaire annually questioning how much she makes.When I was with major company, people with garnishees often change jobs, you'll have to track down the new employer, and get a new garnishee.

Management charges 4% so 14,000 annually if all goes perfect.Tenant rep broker say Starbucks does 10 years at 800,000 value in a center at 3% is 24,000.Buyers broker on buy side for transacting gets 2.5% for 100,000 in comission.Sponsor gets 3% for 120,000 fee, plus admin fee, plus split of cash flow, plus equity percent upside, plus disposition fee, etc.If you get someone good to manage a property for a great fee percentage treat them like gold because they are very hard to find.

I wasn't terribly impressed with "Way of the Wolf," not bad, just didn't knock my socks off.

Use 3% rent growth compounded annually for 10 years rents grow to $1344.