16 June 2015 | 6 replies
So here's the combined numbers for both props on a monthly basis.Purchase Price For both Properties: $120,000Gross Income (both properties): $5,965Gross Effective Income (10% Vacancy rate): $5,368.50 Net Operating Expenses: $2741.31- Cable - $50 (it's gerry rigged)- Water - $435- Electricity - $450 (3 months during the summer its $800 a month)- Dumpster Fee - $185- Fire Insurance - $41- Property Mngmt - 7% (I will use professional management)- Taxes: $363.34- Maintenance: $800Net Operating Income: $2,627.19Capital Improvements: $25,000 (roof, foundation, paint, flooring)The owner combines all expenses for both properties because they are side by side.
19 October 2021 | 10 replies
Been driving big rigs since 04 and now attempting to get on the investor side.
3 November 2021 | 8 replies
“Prohibited transactions” include:Selling something the IRA owner already owns to the IRA.Buying something from the IRA.Being compensated by the IRA.Extending credit to the IRA.Having personal use of the assets in the IRA.Pledging the IRA to secure a personal loan.The reasoning behind these rules is straightforward: They prevent any “funny business” with people attempting to create a non-retirement benefit from their investments or to pay non-market values for assets to rig deals to benefit their families.
7 November 2021 | 39 replies
i will say I agree with posting notices ad putting up rig cameras - they are super easy to install (even I ca do it) I do plan on having my workers put no trespassing sign on the front door and back door.
19 May 2021 | 95 replies
Or in Big rigs they have systems for elimination.
19 May 2021 | 7 replies
The electricity, plumbing, and/or heating in these places were invariably rigged by a drunk Mickey Mouse, whatever additions were built are of incredibly shoddy workmanship, and the last municipal inspector in there was obviously bribed to look the other way.
9 July 2021 | 2 replies
Supportive beams would be a bonus but not completely necessary because we already own free standing aerial rigs.
8 July 2021 | 0 replies
So the corner house is on hold while I get this oil rig up and running (more income potential).