26 May 2018 | 0 replies
.- Windows are oigional with old aluminum storm windows some are broken.4700 W 20th stMarket rate (conservative est) Market ratePainted, StainlessAll rentedcompetitivly priced including basement1st floor Front 2bd 1ba includes front porch9009009001st floor 2bd 1ba with heated sunroom 6'11"x 11'9009009002nd floor 2bd 1ba + front porchKitchen needs floor sanded, cabinets plaster, paintBath needs toilet & vanityPorch needs drainage8758752nt floor 2bed, 1 bath heated sunroom 6'11"x 11'900900900Basement STUDIOEgress windowsdrywall, 1 wall needs fixing500Garage$120$150$150Mortgage 260 for 3 units270 for 4 units280 for 5 units-$1,248-$1,296-$1,344heat (heat & cooking)-350-350-350Tax-$635-$635-$635Water & Garb-300-300-300Insurance-$145-$145-$162ElectenanttenanttenantUnits Rented3 units4 units 5 unitsMonthly Cashflow$142$999$1,434If this were 2016, I know I would be overpaying.
26 May 2018 | 1 reply
It is a must, that you also include this as an investment.Many mistakes new investors make is to skimp on their office equipment.
29 May 2018 | 8 replies
Regarding HOA, I would introduce yourself to the management company and they typically have forms to fill out such as contact information and where to send the bills.Typically your closing agent on the closing statement has the first month paid for on HOA FeesAlso - confirm what utilities are included in the HOA costs
31 May 2018 | 49 replies
I do have a CAP rate in the original post in the spreadsheet screenshots I included.
27 May 2018 | 8 replies
However, I'm not including my marketing cost to find these deals.
4 June 2018 | 12 replies
Since it's about 250K-300K, and since I don't have that kind of cash myself, I was essentially going to partner with fam & friends and we'd raise enough for the down payment (if I can find a lender who's willing to loan that low) and split the returns.Account Closed Definitely agree with having a list of investors including those who've committed to the deal + backups who are willing to step in in case others pull out.
27 May 2018 | 8 replies
Monthly expenses is 2750 a month including management, very low vacancy history.
29 May 2018 | 23 replies
The repairs were estimated at $250k, which included completely redoing everything and building the addition.
29 May 2018 | 3 replies
I hope this will help.Quickbooks display issues on high resolution displaysThis article provides the information on "QuickBooks display issues on high resolution displays".QuickBooks display issues.Users of Intuit QuickBooks have reported difficulties using the application on systems with high resolution graphic displays. (1920 x 1200 screen resolution and higher to include 4k and 5k displays).Symptoms may include any of the following: A transaction form does not fit on the screen.
28 May 2018 | 11 replies
Research the correct way ( I believe putting in what amounts to an escrow account) and include a letter with your June rent payment explaining that per PA code XX you’re withholding $yy this month to cover the costs of non functioning systems that were included in the house.