I'm having diffuculty understanding this calculation. Please help me with the underlined numbers. If you purchase the same $100,000 property (in point 3 above) but get an $80,000 loan at 5.5% for 30 years and put 20%...
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Hi all, i would like some help on what to offer on a 32 unit complex (my first).The property is located in a very good area with much sought after school district, built in 1965, 12 two bed 1 bath, 20 two bed 1.5 bath...
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I have two options 6.625% 30 year or 6.15% 15 yearI want to invest aggressively in the near future on more propertiesThe loan is only $110k and the monthly payment for 15 year is $563 and $750I will earn 2-3k a month ...
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Hello....I wanted to get people's opinions on how much is normal for a property management company to charge? Currently the management company for my 13 unit apartment complex is charging 10% of all rent collected as ...
I have a condo in Chicago, south loop, that I rent for $2900. The condo is a luxury unit, with floor to ceiling windows, and unobstructed views to lake. My tenant moved out mid July, but the agent began showing it l...
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hey everyone i went to the bank and applied for a loan to see what happens and i was approved for 150k what would be the best move for me as i have never bought realestate before and have income only from my business.
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When purchasing a MFH to B&H, to me there are several main aspects:
-- Getting property in rentable shape/rehab
-- Tenant Selection & Management
-- Financial Management
As I just completed purchasing a 6 f...
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Small office/retail center in growing area of N. Georgia - starting to become more of a tourist center. Site located right across the street from tourist train depot depositing upward of 50,000 visitors per year.
Bu...
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I’m looking at parks and I came across one that has some potential. However, it is only half full, a few homes need to be removed. When you subtract reported income from expenses there is only 3k profit per year. When...
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Hey BP, Need a little help hereLet me know what you think of my numbers. Am i leaving anything out and would you guys go for this deal or turn it down and why?I have a duplex under contract in East St. Paul MN that I...