30 April 2020 | 4 replies
. $1,400 for a 3bed/2bath gets bumped to $1,750, then I add in the cost of utilities, TV, internet, and landscaping.
30 April 2020 | 0 replies
Utilized our LOC to purchase.
2 May 2020 | 16 replies
The calculation for calculating NOI for a NNN leased property is a follows:Rental Income+ Reimbursement Income (Tenant reimbursing the landlord for operating expenses)= Subtotal- Vacancy/Collection Loss (% Applied to the subtotal)= Effective Gross Income- Real estate taxes (Typically reimbursed in a NNN lease)- Insurance (Typically reimbursed in a NNN lease)- Maintenance (This will depend on if single-tenant building or multi)- Utilities (Could be nothing is single-tenant building)- Management Fees (Typically reimbursed in a NNN lease)- General/Admin Expenses (Typically reimbursed in a NNN lease)- Reserve for replacement (Tenants do not typically reimburse for this)= NOINOI/Cap Rate = Market Value
30 April 2020 | 0 replies
I have an investment now where my net cash flow is more than my Mortgage (PITI), water, and utilities combined.
30 April 2020 | 3 replies
If not you need to account for them.In your expenses you're missing: Vacancy (8%), Repairs (7.5%), CapEx (7.5%), Management (10%), and snow removal.The listing doesn't mention if the utilities are split out?
30 April 2020 | 3 replies
Of course there will still be other expenses (taxes, insurance, repairs, utilities), but this is a viable strategy.
30 April 2020 | 0 replies
The utilities are a ballpark estimate from online data.
3 May 2020 | 4 replies
Will they lend to a park that has majority park owned homes and private utilities?
15 May 2020 | 2 replies
I've also used the assessor website to find all out of state owners assuming they are rentals for specific neighborhoods I target for either property management or if they want to sell to me.Depending on your area and which MLS system is utilized, Realtors can potentially get other specific lists.
1 May 2020 | 1 reply
You shouldn't have any utility costs on SFH.