Simon Hatzey
Avarage cost to build a 20 unit Apartment? Seattle area
9 January 2019 | 4 replies
"The MUR-45 zone would allow housing styles such as row-houses, town-homes, apartments; and commercial uses, including: live/work lofts, ground- floor commercial with residential units above, senior care facilities, and professional offices."
Nicholas Leimbach
Old New England homes
14 January 2019 | 20 replies
Are other homes in this neighborhood the same age and style as the subject?
Shane W. Chapin
First deal in Rochester, NY using the BRRRR strategy!
2 February 2019 | 8 replies
Purchase price: $63,000This is a 3 Bed 2 bath ranch style home.
Elliot Rudmann
Will Chicago Legalize Coach Houses / Adopt a pro-ADU policy?
24 April 2019 | 15 replies
If I had to choose one or the other for Chicago, I would choose Minneapolis style zoning, increasing the standard lot zoning to allow 2 flats and 3 flats.
Paul Jurczyk
Looking For FHA 203K Advice
20 January 2019 | 16 replies
@Adrian Gonzalez yes, "debt to income" (DTI) is factored in all government style loans (FHA/VA/Fannie Mae/Freddie Mac/etc) but an important element is that your DTI should get BETTER for each investment property you buy...because we only buy properties that cash flow, right?
Eric Haskell
Deal or No Deal-14 unit apartment building
18 January 2019 | 2 replies
Large Cap Ex Items Doneregraded and paved driveway and all of parking lotAll new vinyl replacement windowsVinyl siding on both buildingsBuilt: less than 35 years oldGarden Style, 2 Buildings, one is 6 units, one is 8 units(efficiency apartments)I look for 10% 1st year roi based on 25% down and closing costs to buy property.Current Income-90,000 (current owner assumes 15% vacancy rates to be safe)Current Expenses-57,000( 2018)I see a potential for income to be- 95-98,000 within next 18-24 monthsExpenses-I calculated at 51,000 within next 2 years including the below metrics.All trash removal costs, property taxes and insurance costs were factored in as well.10% cap ex11% M and R(turn overs were included in this figure and 1/2 months rent paid to prop. management company for screening new tenants and placing them)6.5% current property managementI calculated my cash flow after paying mortgage and all the expenses was around 5,800$ per year.
Susan Grinde
Our first buy and hold investment property
18 January 2019 | 4 replies
Purchase price: $123,000 Cash invested: $30,000 Single family ranch style home with single car garage and large corner lot.
Joe Abesamra
First Deal First Investment
18 January 2019 | 1 reply
Purchase price: $360,000 Split two family ranch style with a great bones.
Joe Abesamra
SECOND BIGGER AND BETTER DEAL
18 January 2019 | 0 replies
-Two unit up and down-Plans to finish attic for additional bedrooms and studio style addition to second unit.
Lewis Colon
New Philadelphia REI looking to connect.
1 February 2019 | 9 replies
I would say avoid spending too much on education from a company that also promotes a network marketing style of system.