Jonathan Sher
Mortgage Policy from title company?
18 November 2011 | 5 replies
My question is, is the mortgage policy basically title insurance for the lender?
Nate Mao
why a Hard money lender only fund to fund to Self-Directed IRA?
18 November 2011 | 11 replies
I have a contractor only have $10,000 bond.and he has a workman comp with "STATE COMPENSATION INSURANCE FUND" and it has no limit. anyone heard of STATE COMPENSATION INSURANCE FUND?
Chuck Brickman
Security TrustCheckbook LLC
11 March 2013 | 8 replies
Its better to run your business under a sensible entity structure and load up on insurance – topics that are frequently addressed here if you do a search, than fixate on asset protection.
Mike Nelson
Can you wholesale Occupied Multifamily Units???
19 November 2011 | 9 replies
What are the rents and expenses, taxes, dwelling insurance... what "should" the rents be, have comps printed out, can the taxes be challenged, etc...
Ken Sanders
Undercharged on HUD - 3 Weeks Later I'm Responsible???
17 November 2011 | 8 replies
Isn't this why the title company has E&O insurance?
David Beard
Turnkey sellers - why are expenses ignored?
26 November 2011 | 50 replies
The numbers that cannot be disputed - location, legal description, taxes, quoted insurance costs, construction type, occupation status and current rent.
Ed O.
Strategies to increase profitability of rental properties
20 November 2011 | 12 replies
Regarding point 4....what does your co-insurance clause in your policies say?
Jonna Weber
Utilities on SFH Rentals
22 November 2011 | 14 replies
All I pay is taxes and insurance.
Joe Gilroy
What more do I need to evaluate this triplex ?
20 November 2011 | 3 replies
I want to buy and hold, and get positive cash flow each month.listed price is 129,0003 units gross income is $2300 a monthproperty tax - estimate is 1612 per yearhazard insur - estimate 1200 a year location is Stockton, Ca built in 1977does this seem like a good deal ?
Shawn Davenport
Duplex Deal Analysis & Potential First Deal
22 November 2011 | 7 replies
. / $4,166.67Annual debt service “DS”Revenues:Monthly AnnuallyRental Income$935$11,220.00 (RI)Vacancy @ 8% ($74.80)($897.60)Net Rental Income $860.20$10,322.40 NRI)Operating Expenses:Property Tax- 1800 (this is being challenged currently, but no ruling at this time)Insurance- 1000 (estimate, I will get a quote on this for sure.)Maintenance- 1200 (Estimate)Utilities- 800 (Estimate)Advertising- 100 (Estimate)Total Operating Expenses (*Very Estimated*) = $4900 (TOE)Net Operating IncomeNRI-TOE= NOI$10,322.40-$4900= $5422.50 (NOI)Total Cash FlowNOI- DS= TCF$5.422.40-$4,166.67= $1,255.73Return on InvestmentTCF/ TCO= ROI$1,255.73/ $5,000= .2511 (25.11%)Cash on Cash (Considering- Down Payment, Upfront Repairs, Closing Costs)TCF/ TCO (W/repairs and closing costs)$1,255.73/ $6,500 ($5,000 DP + $0 Initial Repairs + $1,500 Closing Cost) = .1923 (19.23%)My thoughts regarding this deal: I think the asking price is a little high for the property considering it’s age, condition (off of visual inspection from the street level only), location, what limited comps I could find.