Daniel Urban
How do you calculate expenses?
22 September 2018 | 9 replies
Here's what I set aside per unit:Taxes: ~ $100 per monthTurnover expense: 3.5% GSRWater/Sewer/Trash: $30-$45 per monthMaintenance: 12%Cap Ex: 2.5%Overhead: 1%Insurance: ~$25/mo.Debt service (100% leveraged): $350-$400EVERYTHING ABOVE is increased by 10% to account for vacancyAll told, each unit still cash flows between $100 and $200 per month.These are B-/C+ small MF properties.Note I do not pay for management as I self-manage, but that is offset by the increased debt service created by the 100% leverage.
Bryan Germann
Decision to Develop a property that has extra land
21 September 2018 | 4 replies
@Bryan Germann Account Closed has given you some excellent advice.
Robert Reineri
Solo 401K Loan Question
15 November 2018 | 7 replies
The solo 401k plan participant may withdraw at any time (after completing a distribution form), all or any portion of her account balance attributable to “rollover contributions” and/or “after-tax contributions.”Employer Contributions: Employer contributions are subject to more stringent distribution rules and may be distributed upon the solo 401k participant’s severance from employment, death, or disability.
Tim Crosby
Can't Edit Profile Picture
28 September 2018 | 10 replies
Apparently when I signed up, it tried to take the profile picture from my Google account and use that.
James Winters
Start a business with a contractor
20 September 2018 | 0 replies
We could contract other items such as management and accounting.
Account Closed
Home sellers slash prices, especially in California
23 September 2018 | 26 replies
*****************************************************************************************Home sellers slash prices, especially in CaliforniaIn the four weeks ended Sept. 16, more than one-quarter of the homes listed for sale had a price drop, according to Redfin, a real estate brokerage.The supply of homes for sale increased annually in August for the first time in more than three years, according to the National Association of Realtors.The average rate on the popular 30-year fixed mortgage loan is up more than a quarter of a percentage point in the past month and is knocking on the door of 5 percent, a level not seen in nearly a decade.https://www.cnbc.com/2018/09/20/home-sellers-are-s..."
Kian T.
Rental Property - Hold or Sell
25 September 2018 | 7 replies
Even if your cash flow is $400 per month you will only realize an annualized return of $4800 on a $600,000 investment.
Sherrod Mcgowan-green
Saving / budgeting habits
20 September 2018 | 1 reply
@Sherrod Mcgowan-green My paycheck is automatically deposited and split between 2 bank accounts.
Giannina Biala
Lending SDIRA and credit report
21 September 2018 | 3 replies
Hi All- I’m looking to provide a loan via a self directed Ira account.
Lesley Ray
Mortgage Loan Interest Rate
24 September 2018 | 11 replies
Like many have said, there are a lot of factors that have to be taken into account to properly answer that question.