All Forum Posts by: Jose Ramos

Steve, the expenses are overall, not per unit.

I don't know the answer to your question. This unit is currently out of state where I will be moving in a few months. I am going to see this unit in 2 weeks I will ask the buIlder and let you know.

This unit is not currently listed.

I forgot to mention that I will be putting 3.5 down

Hi there, I am looking to buy a newly constructed 4plex ( 4 townhouses) in an exquisite neighborhood. I will be living as a owner occupancy for one yr before building my dream home ( I am a physician). See numbers below

Asking price is $390000
Monthly rents $3340
Yr total rents 40080

Monthly Expenses
Heat $100
Taxes 300
Maint $100

Can anyone help me with this analysis.

Thanks for your unbiased reply Charles.

@ j Scott

Just because it doesn't affect you doesn't mean it's ok. I do make over 300k AGI and it affects me and thus it is a concerning problem. It seems that your attitude is that because you are not earning over 250, just kick the bucket to the next person.

Thanks for the prompt reply Steven,

His goal is to pay his mortg. as soon as possible.

BB

Hi there,
I am new to investing but my question is regarding my father and his house. He is thinking about refinancing his home.
My father is 62 yrs old and thinking about working 5-8 more years. He has about $300k in his 401k.
He currently owes 68k on his house
Bought the house for $111k @ 7.8 interest
According to last estimate, House is worth 178k
Looking to refinance to 3.2% for (20 yrs?).
Should he refinance or take a loan against his 401k?

Thank