All Forum Posts by: Julie Asmussen

Hi Doug.  Just messaged you. Thanks so much! 

I think with the calculators I’m confused as to whether I should enter in purchase price at what I bought at 20 years ago at $340 k or what it can be sold at now $575k to crunch the numbers on the deal.  And since I already own it do I put in the down payment from 20 years ago Ie 70k? 

Anyone have Marks contact info at GC realty? 

I’m looking as well in Naperville Illinois suburb of chicago. 

Property tax is $1200/ mth. Insurance is $120/ mth.  I was just thinking to use 10% of rent for maintenance. I have no idea what capex is?!  Help!  Thank you Jeff! 

The pm says I can rent it out for $4000/mth.  I’ve had the property for 20 years and plan on hiring a property manager to find renter as well as to take care of it on going.  Pm charges 1 mth rent to find tennant and $100/ mth for ongoing.   How to calculate the Cash on cash and roi?   Is effort worth it?  Thank you for all your input ! 

RJ - thank you so much for your input!!  Any idea how to calculate the cash on cash return and roi on this idea ?  Thank you so so much in advance ! 

I forgot to mention.  I contacted a property manager and based on comps they think they can rent it out for $4000/ month.   Still a good idea to rent it out?  Property mgr wants 1 mth to place a renter in it and $100/ mth to manage property. 

I currently own a 4 bed 2.5 bath house.  I need to move and was thinking of renting it out rather than selling.  Comps say I could sell it at $575k. It is completely  renovated. There’s $120k left on our 15 yr mortgage which is 2.75%. Was thinking of doing a Heloc to take out $100k to buy our next house.  Payment on old house is $800 / month mortgage and $1200 mth in taxes.  Does it make sense to rent out my old house or sell?  

I need to move and was thinking of renting out my current house.  Comps say I could sell it at $575k. It is completely  renovated.  $120k left on 15 yr mortgage which is 2.75%. Was thinking of doing a Heloc to take out $100k to buy our next house.  Payment on old house is $800 / month mortgage and $1200 mth in taxes.  Does it make sense to rent out my old house or sell?