Joseph Richardson
HOA has 2yrs verbage about renting work around options
30 January 2020 | 5 replies
HOAs have tremendous power.
Leeya Kremer
Duplex covert to single family in Fulton County, Atlanta
5 February 2020 | 1 reply
When convert to a single family home can we still keep the separate electrical and gas line?
Michael Baradell
Help valuing Mobile home park
9 February 2020 | 12 replies
All park owned. 5 are currently rented ($600), 2 don’t have power due to new septic needed, and 3 need to be replaced.
Jason Butts
30+ day deposit to hold?! How would you approach this?
20 February 2020 | 4 replies
Heat and hot water included.tenant only pays electric.
Steve Shaw
Cash For Keys: What to Offer Inherited Tenant? (Non-M2M Lease)
30 January 2020 | 10 replies
The construction will likely require some access to the upper unit (electrical, shared wall repairs, etc.) but we have the flexibility to host some short-term rentals in the upper unit for supplementary income in between construction projects; we're not expecting it to cash flow during renovations.
John Werth
First Time Landlord - Need help!
14 February 2020 | 20 replies
In fact, they tend to be more problematic because they take a position of power and see everything as negotiable.
Nickolas Burns
First Deal! - 4 Plex Break Down
30 January 2020 | 6 replies
Total Income/Month = $2420Minus the $575 once I move in but I will have a roommate who will pay 200 + half the electric so I would subtract $375 from $2420 = $2045Expense Break down:PITI = $1447.62Tenants pay Electric,Cable, and Internet I pay water which at most is $180/mLawn = $50/mSnow = $100/mGarbage = $50/mElectricity for my room =$50/mTotal cost = 1877.62Income - Expenses = +$167.38/month plus I would live for freeI have an inspector going through the property tomorrow and am heavily considering having the plumbing checked out due to it being an older property and would love advice on this.
Mike B.
$ 500K , What should i do . Multi Family Investing
2 February 2020 | 21 replies
Either or works Well just use this as a simple example 24 Unit apartment Complex ( B- or C + type property Purchase Price - 1,920,000 ( $80k Per Unit ) may be low in this market Down payment - 25% = $480,000 Rehab - $ 6,500 per Unit ( some units more than others ) = $ 156,000Common Rehab - Water Heater , laundry room if it has one , Paint of building , landscaping , windows , parking lot , roof ( 10k - 70k ) This ranges a lot depending on the property Closing cost - 20-30k tax - 7,000 / year insurance - 12,000 ( wind n hail , general , fire ) / per year Property Management ( 10 % ) = 2,160 / per month vacancy - 10 % = $ 2,160 per month Cap X ( fridge , window , curtains , doors , paint , roof , pavement ) - 1,080 / per month Landscaping - $ 800 per month simple repairs - $ 500 -900 per month common area electric - $ 300 per month Mortgage $ 7,500 ( 30 year amortization , 4.75 % rate ) Income - $900 per unit = $21,600 , this varies based on area .
Mari E Desilva
HUD foreclosure inspections
5 February 2020 | 6 replies
It likely needs new everything, new plumbing, new electric, insulation, new windows, new smoke detectors, and plenty of other cosmetic updates.
Keith Montgomery
Sell Single Family Home vs Refinance and Rent out
4 February 2020 | 3 replies
Solar amounts to including electricity in the rent.