The Investor’s Guide to a Single-Family Rental Emergency Fund
As real estate investors, your emergency funds are a critical line of defense against unexpected costs. It prevents you from dipping into your budget to handle them. But what should you really use an emergency fund […]
Don’t Overlook This When Buying an Investment Property—Learn From My Mistake
Let’s get one thing straight: Real estate investing isn’t a get-rich-quick scheme. If you think you can just waltz in and start raking in cash without a solid game plan, you’re setting yourself up for a financial face-plant.
Address: 1608 W Shannon Ave, Spokane, WA 99205 Purchase Price: $229,000 Rehab Costs, est: $6,000 - $9,000 Closing Date: Jan 28th, 2019 or sooner Cash Flow est: $1,150 - $1,250 per month
Current Gross Rents: $1,950 Unit A (3 bed, 1 bath): $750 Unit B (2 bed, 1 bath): $750 1 Bed House: $450
Projected Gross Rents: $2,650 Unit A: $1,100 Unit B: $800 House: $750
Notes: - Properties could use minor updates. - Cash or private financing only - Do not disturb tenants - Landlord currently pays water, sewer, garbage. - All units are separately metered. - Leases and security deposits will be transferred to buyer at closing.
To secure this deal please complete all of your due diligence and deliver or wire $5,000 non-refundable, earnest deposit.