Rose Stuart
Sanity (Raising the Rent)
3 November 2018 | 16 replies
It sounds like from your post there is a chance the tenants may leave if the rent is raised.
Zachary Negron
Advice you would give to yourself
3 November 2018 | 3 replies
One big thing would be to urge myself to talk to a full-service CPA firm either before or immediately upon acquiring the first rental.
Roger Gelpey
Alabama improvement reimbursement clarifications please?
2 November 2018 | 4 replies
Did any of the improvememts raise the value of the property?
Tandi H.
Help me analyze this deal - triplex, turning one unit into STR
2 November 2018 | 2 replies
I'm planning to turn at least one of the 1/1's into a vacation rental which should earn at least 1200/mo (very conservative estimate, probably higher).Purchase price: 295,000Down payment: 25%, $73,750Loan term: 30 yearsInterest rate: 5.375%P&I: $1238.94/moClosing costs: $2800Gross scheduled income: currently $2650/mo, I'm planning on $3000/mo minimum with STR, so $36,000/yearLess Vacancy/Repairs: 10% = $3600*Gross Operating Income: $32,400Less taxes ($4700 (high estimate)), Insurance ($900), and Water/Sewer ($1800): $7400Net Operating Income: $25,000Less Debt Service: $14,867Before Tax Cash Flow: $10,133CAP rate: 8.47%COC: 13.24%*yes, I know that's low for Vacancy/Repairs/CapEx, thats because we do our own work and management.
Tina Acevedo
Morris Invest, anyone here have a testimony or review?
11 November 2018 | 5 replies
I’m looking for anyone who has used the services of Morris Invest the company run by Clayton Morris.
Carolyn Newborn
Foreclosed Property on Online Auction but Occupied
9 November 2018 | 6 replies
They are far more likely to have these services if they are local in the area you are buying in.
Benjamin Haberman
Do you provide trash cans at rentals?
2 November 2018 | 7 replies
City ordinance requires us to provide both garbage and recycle service for our multifamily properties.
Jonathan Marsh
Note Investing-Pros, Cons, Where to find?
30 November 2018 | 4 replies
Also identify a couple of states that you would like to focus on and find a note servicing company that can help manage your note portfolio.
AJ Alexander
Lawyer in the Newmarket or York Region area
8 November 2018 | 3 replies
I used Curtis Mcminn a few years ago and had good service from him.
Account Closed
Initial expense/compensation in 3-person (33%) TX LLC.
7 November 2018 | 6 replies
Account ClosedIf a member/partner will be paid for some services outside of his right to earn a 33% profit/loss percentage in the LLC's income - he can be compensated via guaranteed payment.You will not be required to issue him a 1099.