9 December 2018 | 18 replies
Unfortunately, you could get three professional measurements of the square footage, and get three different "accurate" measurements.As for recouping the difference - if $56k is just an extrapolation of the average price per square foot - take that with a grain of salt. 3B/2B and the neighborhood probably do more to establish value than square footage alone.
5 April 2017 | 11 replies
Average rents in area go for 1000-1100.List price: 125,000FHA 4% downAs-is income: 1775/mo; projected income: 2000-2200/moAnnual expenses:Taxes: 2800Insurance: 1200Water/Sewer: 1600Cap ex: 2000PMI: 1250Repairs/Maintenance: 1000Utilities(?)
6 April 2017 | 4 replies
Cary, I exclusively invest in bad mortgage debt (1st position liens) because it consistently earns me an above average return on my investment compared with other options.
5 April 2017 | 2 replies
Banks for lending purposes figure in 5% cost for loss of income yearly on rental properties. at least that's what mine had as average factored in on loan application.. didn't matter that I had had 100% occupancy with no income loss for 3 years on that property the bank still factored it in .
7 April 2017 | 29 replies
Call the company up and ask what your average gain is from the first day you have had it.
19 April 2017 | 15 replies
Gross for 2016 was $30,163 (implies vacancy loses $283 per month)Bought in 2012 for $300k, monthly payment: $1499 -- $853 interest, $354 principle, $184 taxes, $108 insurance$482 average maintenance bill$196 in management fees$121 monthly water bill$120 monthly garbage billWhich brings a positive net of $99 per month in 2016.
5 April 2017 | 12 replies
Of course your contractor would love to paint the whole house.. it might be ok if you just do the touch up again.I'd at least give that a try first..in one room and see how it turns out.Normal wear and tear it's rather average to expect to do interior painting after a tenant leaves.. so I bet your going to be hard pressed to keep $$ to cover that.
14 April 2017 | 4 replies
On average, what % of the total sales price do you charge for up front option fee?
6 April 2017 | 5 replies
ARVs, average listing time, rents, cap rates, etc.
6 April 2017 | 5 replies
.- Property ownership in the area is: 30% rentals (11% above national average), 65% owner occupied, 5% vacant.- I'm impartial as to which group I sell to: investors or residential owner occupantsOptions:1) Since the lease ends June 30th, I could list it with a July 1st availability.