25 August 2018 | 7 replies
You probably already know this but it might be worth the time to set up an account with your local building materials supplier (Not lowes or HD) those folks always have their ear to the ground and can often recommenced better options.
20 November 2018 | 2 replies
Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bpThe second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.
20 November 2018 | 5 replies
Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bpThe second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.
6 September 2018 | 13 replies
Why offer anything at that low of a dollar amount?
20 November 2018 | 2 replies
Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bpThe second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.
17 December 2018 | 18 replies
Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bpThe second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.
13 August 2018 | 4 replies
Income Evaluation No of Units Unit Rate Income 2 Bedroom Unit A 1 650.00 650.00 2 Bedroom Unit A 1 650.00 650.00 2 Bedroom Units A 1 650.00 650.00 2 Bedroom Units B 1 650.00 650.00 2 Bedroom Units 1 - - 3 Bedroom Units B 0 - - Garage Units 0 - - - Storage Units 0 - - Laundry Units 0 - - Comm Units 0 - - Comm Units 0 - - Comm Units 0 - - Total Monthly Income 5 2,600.00 Total Annual Gross 31,200.00 Total Annual Cost / EBIDTA 9,911.86 Net Cash Flow (Annual) 21,288.14 Net ROI 42.39% Monthly Cost of Operation By Landlord By Tenent Monthly Annually Monthly Taxes x 137.50 1,650.00 (From Historical Data) Montly Space Rent (MHP) - - N/A Monthly Insurance x 100.00 1,200.00 Calc'd Monthly HOA - - Posted Monthly Water/Sewer X 320.00 3,840.00 Estimated Monthly Garbage X 160.00 1,920.00 Estimated Monthly Electrical X - - Tennant Monthly Heat/Gaas X - - Tennant Monthly Other Utes x - - N/A Monthly Yard Maint x 20.00 240.00 Estimated Monthly Maint - Op Ex x 260.00 3,120.00 Calc'd - 10% Cap Ex x 260.00 3,120.00 Calc'd - 10% Monthly Vacancy x 182.00 2,184.00 Calc'd - 7% Screening/Tennant Management x 20.00 240.00 Estimated Monthly Management x - - At Risk - Self Manage MONTHLY OP EXP 1,459.50 Total Annual Expenses 17,514.00 Total annual Debt Service 8,452.36 Net Operating Income NOI 13,686.00 Net Income 5,233.64 ROI % 10.42% Low/Average CAP Rate (Net Income/Purchase) 2.92% Extremely Low Cash Flow per Door 109.03 Very Low Tax Assessment Estimated Expenses - 50% Rule 159.50 Conservative Banked Amount - CAP Ex, Repairs, Vacancy 8,424.00
14 August 2018 | 4 replies
My insurance office use to be on 50th and Parkside near the Lowes and McDonalds over there.
14 August 2018 | 12 replies
Thanks for the heads up, I'll note that if I choose to continue.
5 June 2020 | 36 replies
I reading your comments above and you are looking at SFR and comment how low their cashflows are.