23 September 2020 | 11 replies
So all you need to do is put a lock on the water bib outside.Here is one I use and will cost you $12 bucks and a small lock (I use combination lock).https://www.amazon.com/Conserv...Cheers!!!
23 September 2020 | 6 replies
There is iron removing unit but not sure if its functioning optimally. is a combination of iron filtering the best .appreciate any suggestions.
21 October 2020 | 22 replies
Indeed, their business model never anticipated what Zillow's CEO calls the great reshuffle, i.e. the move from the cities to the suburbs and the country due to the work from home trend, combined with the sudden disappearance of the income of many renters.
1 October 2020 | 3 replies
Aggregated Deal Breakdown (MF and SF combined):Deal Sale Price: $348K ($310K sale price +$38K wholesale fee)Put $5K downPaid $38K wholesale feeGot into the deal for approximately $50K with down, closing costs and feesSold multi-family for $432K and single family for $226K ($658K total)Total profit $175K350% Approximate Total Return on Investment based on initial $50K investment to closeSingle Family Breakdown:Cost basis $100K (what we assigned the SF “purchase value” after separating it)Spent $75K on Full Gut Remodel, Landscaping, and Gas Line separationSold for $226KPaid down $100K on seller financed loan to release lien on parcelTime held: 9 monthsProfit: $25K after sales costs and loan payoffMulti-Family Breakdown:Cost Basis $210K (what we assigned the MF value after separating the SF)Spent $14K on remodel of units / landscaping / exterior maintenanceIncreased rents from $2195 to $3325 in 9 monthsRefinanced after 9 months for a $247K loan with bank off of a $330K appraisalPaid off remaining seller loan of $200KPulled all money out of deal +$10K extraTime Held: 1 year, 8 monthsSold for $432KProfit: $150KOverall, what did we learn, and take into our next deals?
5 November 2020 | 7 replies
At the moment, there are only two other rentals available in all those neighborhoods combined, and the rents of those available rentals are definitely not discounted.
23 September 2020 | 1 reply
@Tim McGoughYou’d have to combine all 3 mortgages into 1, and then get a LOC on that, but only for 70% and it doesn’t seem you have enough equity to do that right now.
25 September 2020 | 7 replies
My thinking is that you could combine the two strategies to maximize both cash flows and reinvestment capital.
24 July 2021 | 15 replies
On top of that, your combined NOI is increased thereby increasing the value of your multi unit property.
16 October 2020 | 16 replies
I've made over $300,000 off househacks in Austin with the combined appreciation, loan paydown and cashflow.
14 April 2021 | 22 replies
For the same reason, @Shivam Patel it is more reason I am avoiding the FHA/PMI double-trouble, especially considering @Mark F. was having no luck getting his offers even considered with an FHA.All this combined with the fact that these townships in general appreciated something like 20% since a year ago, I am reconsidering altogether if it is better to look in NYC area as people flee or get even more exotic and look around Upstate NY, Connecticut, or Pennsylvania (Philly?).