I would appreciate any feedback.Purchase price $700,000DownPayment $175,000Loan Amount $525,000Closing costs and some repairs will be taken care of by the seller and realtorGross Annual Rent (4 units) $ 57,600Gross Annual Expenses $17,665 (maintenance, taxes, utilities, insuranceDebt Service: $2660/ month $31920 annual

Water is the only other utility I have heard of that the city will own.Any time I buy a new property in a new area I check with the local municipality to find out what utilities are lienable.

That way you have not increased your monthly expenses, and can utilize the rent from the other unit(s) for repairs, expenses with the property and savings.

We found a tenant to our single family house in GA, and completed all the formalities like Lease Contract signed, Move in check list completed and signed, Keys handed over to them and all the utilities changed to their name and the Tenant also moved some of the items into the house.

I hope to help create a system of individuals in the 93230 zip code that enables us to utilize our knowledge, resources, and opinions to help us all make a little more green.

Hey yall,New to the site (had always heard of it but never utilized), but I carry a good bit of experience with investing mostly in Tarrant county.Haves: Secured cash purchasing power, experience, knowledge, licenseNeeds: To expand my network of other buyers that can take on the properties I can not take on, always need more reliable contractors, always can use more properties to look at, some one to teach me the commercial property game.

Contingencies that have to be considered: house not selling at estimated ARV, buyer asking seller to pay their closing, overrun of repair estimate, property tax, utilities while rehabbing, insurance.Be careful.Good Luck.Bill

To do this you utilize the "class" system.

As per the zoning permit's it's 3 dwelling unit and a 4 rooming units .I'm buying the place out cash and according to local realThe rent for each of the 3 dwelling apartment is $500 they pay there own utilities and it's $350 for each rooming unit but I'll pay there utilities generating a month about $2900 before expenses ( insurance , water. , garbage maintenance ,electric for the rooming )It's my first deal so I want to make sure it's sounds realistic and it's a good deal

I did not include repairs expenses or vacancy expenses or capital expenses but they will utilize there own formula for that and I state that.