All Forum Posts by: Mike D.

I would expect to pay closer to $700 in nj. The companies I've delt with also do charge a late fee for dumpsters held over 2 weeks.

I shopped around and found "fast dumpsters" to be the cheapest. DO NOT USE THEM. It took over two months after I called for pickup for them to actually remove the dumpster. In the end I paid more for weight overage. They were a 3rd party middle man. 

My advice would be to get a slightly bigger dumpster than needed and work directly with the company. 

capitalized and depreciated. 

looks amazing. Good job. You will be taxed at ordinary income rates tho. You don't get long term capital gain treatment for flips. 

so I have been renting out rooms in my first house to two acquaintances. One has been out of work for a while and is home all day(trust fund baby). 

apparently he has been selling weed out of my house. I reamed him out when I found out. I told him if I find out it's still going on, he's out no questions asked. He reluctantly said "you're right, I'll stop".  I'm not an idiot, I fully expect it to continue. The lazy *** is home alone all day. 

What would you do? Set up a hidden camera?  I'm at work all day and can't think of a better way to catch him

 1. It is a tax deferment strategy, in which you trade one asset for a like-kind one.  Ex: a rental house for an apartment building. There are specific rules to it. 

2. Return on equity. The percentage return based on the equity in an asset. 

3. Cash on cash return. The percentage return based on the cash an investor has into the asset. 

Are any of these plots of land in the path of developement? Any chance a developer comes in and offers way more in a few years?

Correct me if I'm wrong but that's an annualized return of about 155% for you.  With numbers like that how much of your focus is on this strategy? Do you find these types of deals harder to come by than regular retail flips?

where in NJ are you?

 So they are grossing ~$100,000 a year from this property before expenses?

I was actually going to start a topic asking if any NJ landlords could post their roi's. I was wondering how they make out compared to other parts of the country due to the high taxes. I see a lot of investors say the high rents offset the high taxes, but I would like to see some numbers.