Arthur Clark
How much cash flow are you seeing per unit in Akron/Canton area?
26 July 2018 | 0 replies
Loan amount $110,400Gross rent: $1350 including $675 from a tenant and $675 from me. minus Mortgage $841 PITI Repairs $100 ($50 per unit)Cap Ex $100 ($50 per unit)Vacancy $65 (roughly 5% of the rent)_______________________________________$1106 in expenses $1350 - $1106 = $244 cash flow
Brittany Thornton
Buying a multifamily for house hacking
26 July 2018 | 1 reply
Im 21 years old and currently paying $1400 in rent with my fiancé, I am trying to buy a 4 plex with FHA loan and live in 1 unit, I finally found one that would cash flow if all units were rented (after running the numbers, average 7% vacancy); leaving me to pay $350 per/M by accupying one unit, it needs some minor maintanence but is livable as is right now.
Fernando Pena
What to do with home tenant destroyed?
29 July 2018 | 11 replies
The rent it was bringing in was $1450 per month.
Crystal Dundas
Let's play a game: What's my next move??
27 July 2018 | 11 replies
Given this scenario, and the prop locations what would be your next move.My goal (at this point) would be to own a couple of larger apartment buildings or maybe even some commercial properties that could net me between $5k and 10k per month.
Jessica Melendez
To keep or not to keep tenant
31 July 2018 | 20 replies
Per my contract I stated that the owner needed to establish a 6 month lease with the first floor tenant in addition to raising the rent and collecting a security deposit.
Doug Phillips
How to manage Out of State work being done
26 July 2018 | 4 replies
Pay out portions based on the % of work that milestone is per the entire job.So say the job is 100k, and its a kitchen/living room (50%), bathroom (15%), master bedroom (25%), and 2 spare rooms (5%x2).
Lucas B.
Rental Property in DC Ranch
27 July 2018 | 2 replies
I can rent the unit only for minimum 6 month contracts in DC Ranch, per their policy.
Marcella Cheung
Investor in StReitwise - crowdfunding commercial properties?
31 July 2018 | 6 replies
Questions- Is the min BREIT investment $2.5K as in your BREIT review, or is it $25K per the private investor forum?
Tom Lybyer
How do you make cash flow in a hot market?
30 July 2018 | 2 replies
I am currently purchasing a building in the Chicago area at $57,000 per unit, and the average home price is well over 225k.
Lewis Yuan
[Calc Review] Chicago Triplex - Help me analyze this deal
7 August 2018 | 9 replies
I estimated 50 gallons of water per day/ per person.