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24 September 2021 | 10 replies
Here’s the monthly income and expenses:Unit 1 (1/1) - $800 (Yearly Lease, legacy from purchase)Unit 2 (2/1) - $1200 (6-Month Lease)Unit 3 (1/1) - $900 (Yearly Lease, up from $700 at purchase) Total Income - $2900Mortgage P&I - $1076Homeowner's - $157PMI - $182Property Taxes - $183Water - $86Internet - $60 (needed for security cameras)Gas - $103Garbage - $42Landscaping - $47Total Expenses - $1922Cash Flow - $978Going forward, I’ll be using a cash reserve to handle any vacancy, CapEx, and maintenance costs.
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24 September 2021 | 4 replies
How do we handle and get this contract!
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27 September 2021 | 21 replies
Only OP knows his family dynamic and if they are family that can handle financial interconnections or not.
22 January 2022 | 11 replies
You msy consider calling your locslhousinh authority, the ones who handle the Section 8 program Even though you may not want to use the program, it could open your eyes.I have done this and been suprised at how much they pay....or how little.PS.
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23 September 2021 | 0 replies
Finding a property management company that you can trust with your investment can be a weight off of your shoulders and provide "mailbox" money to you without you having to lift a finger (except for when you have to grab that money from the mailbox).The cost of property management services varies, but any great trustworthy property management company can outweigh the cost substantially by providing you with time-saving services that handle the day-to-day operations of owning a rental investment property.
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24 September 2021 | 9 replies
If so, should I be seeking a lawyer to handle this/possibly prepare a countersuit?
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25 October 2021 | 5 replies
Once we start buying properties, I want to scale as quickly as we can, and I don’t want to backpedal to handle things on the business side that could have been ready ahead of time.
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24 September 2021 | 3 replies
I typically just handle walk in closets in the Master during a normal repaint.
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15 October 2021 | 4 replies
He agreed to step up and handle the closing for me and I was completely comfortable with him doing it since he had more experience with real estate investing than I do.
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26 September 2021 | 4 replies
It seems to be too much rain and water for the storm sewer to handle, and it caused a backup.