Tyrone Williams
Newbie First deal - Soliciting opnions and advice
Hello,It was recommended to me that I ask for assistance in analyzing a deal in this forum. So here are the details of my deal.Multifamily Property - The property consists of 33 units in 3 buildings. Price: $350,000Pr...
Barry L Hohstadt
Monthly Condo Fees Questions
Hi Folks,Looking at a condo that has a very attractive price point but the monthly fees are very high. Is it normal to pay a monthly reserves fee on top of the HOA? 910 a month on top of the mortgage would take a big ...
Scott Buckner
17 - unit building, am I doing math correct? Too good to be true
Ok I am looking at a 17-unit complex in Texas. Total Cashflow $7870 per month 100% occupiedMonthly expenses including - loan, taxes, insurance, management fee, utilities, - $5200Net return per month - $2670This would...
Petit Morne
$550 / mo rent on $12k condo???
So I am back at it with these low purchase price condos.
This is for a 1br/1ba downstairs unit in a 110 unit complex.
Current owner bought property 6 months ago, rehabbed it and is flipping it (I talked...
Joe Black
Utility Charge backs to existing tenants
Hello,I plan to purchase a 5 unit apartment. Currently the owner pays for all utilities. Of course I'd like to increase NOI by billing tenants for gas/electric utilities. My questions are: 1) can I legally do this (I ...
Melissa Hale
What utilities, if any, do you pay?
I am looking into a SFH in Tacoma, WA and I was wondering, what utilities do people pay for? My sister who invests in the Denver, CO area pays for water because she says that for her, the utility company can put a li...
Felicia Lulli
Does state location of Real Estate Tax accountant matter?
Hi! I am brand-new to this forum. I am very informally trying to give my mother advice. She has recently purchased an investment property in San Antonio, Texas, her birthplace, where she has not lived for 50 years. Sh...
Chris Alfter
Renting a Condo without rehab
For my first real estate investment I have access to the funds that would allow me to put 20% down on 2 or 3 $200,000ish Condos.The Condo’s are in good condition and would not need any rehab.Is it smart, stupid, wise,...
Gulliver R.
Well and septic in MHPs
If I'm in the market for a MHP should I stay away from well and Septic? I've been hearing and reading that city sewage is the better route (may be subjective, but may have some value to it). I know in more rural areas...
Travis Fitzwater
I need Direction!
All right, I need some help.
I have the opportunity to bid on a property that has been reduced on price about 17.6%. It has been on the market since December. It is a 24 unit apartment complex with a contract with ...