28 January 2016 | 22 replies
With the larger units I can develop redundancies in management, materials, etc. and the property can afford a dedicated team.The smaller units might throw off the same return (for an example 10%) but the income amount is smaller so you are looking for an experienced person who is great with people and your investment which is like finding a unicorn :)If you do decide to invest here you can email, call or text me and if I can point you in the right direction that is what BP is for.BP has helped me a ton.
23 January 2016 | 4 replies
Even though it is kind of a taboo word on this site lately lol, there is a whole breakdown and walkthrough in the materials provided on this site.
24 January 2016 | 3 replies
This is no different than what one receives when terminating their TV cable service, utilities, or health club membership: it’s called the final bill.
2 February 2016 | 5 replies
Working with a Title Company will be useful, to learn if there are any additional judgements against the property and delinquent accounts such as unpaid utilities, HOA Fees, etc.
14 February 2016 | 187 replies
Here are the numbers: * if I missed something feel free to communicate Monthly Rent: $1,395 PITI: $594.85 Property Management: $139.50 (10%) Vacancy Rate: $97.65 (7%) Cap Ex: 69.45 (5%) Utility/Misc. (5%) Cash Flow: $382.43 *CF is used to build a 6 month emergency fund of PITI.
5 February 2016 | 9 replies
The second community I bought, I got cocky, and underestimated the cost of utility repairs.
26 January 2016 | 4 replies
I am a newbie to philly sheriff's tax sale , and kept asking this question to everybody to make sure i have the right clear answer , even at the sheriff's sale i asked one of the shirreffs, but was not quite sureDo i have to run a title search for any property i am interested in at Tax foreclosure sale , or also search it at the city hall records for any other mechanical liens , utility bills , etc... or i do get the tax deed free and clear as some of them said ??
25 January 2016 | 3 replies
No title company in TX will issue a title policy util after two years.
26 January 2016 | 4 replies
I contacted local utilities as well--no issue in transferring that either.