21 February 2017 | 7 replies
Send her the move out statement which would show if she owes anything.. balance due to you in 7 days.. and if she doesn't pay then you can do a small claims action.
24 May 2017 | 18 replies
Real Estate Investing has this problem...it is not Liquid enough to get out quickly enough when the next 2008 Economic Collapse occurs.
22 February 2017 | 7 replies
When I login to the account it states I can withdraw the full balance or roll it over.Hopefully that answers your question!
23 February 2017 | 14 replies
I don't really think the house will appreciate much because my entire state will forever be in an economic turmoil.
25 February 2017 | 22 replies
That does make sense, it's hard balance because I hear both make sure you find a good deal before you buy and just get out there and do it, and figure out the rest later which are somewhat contradictory.
22 February 2017 | 0 replies
I use excel and consolidate all income and expenses for each property (I add my mortgage payments and other landlord expenses) and make sure that my cash accounts reconcile for all my holdings (if there is a problem I call the manager and we try and figure things out).I use this excel for two things:Tracking my properties performance - mainly cash flow, cash balance, NOI and just to make sure the PM is on top of everything.I use this to input the data into QuickBooks (I do this manually).My CPA is very expensive for Bookkeeping purposes.
26 February 2017 | 6 replies
Balancing business and family life as they grow is a skill I'm working on.
24 February 2017 | 5 replies
You can also have LLCs in the LLPs...LLCEIN# for the LLCBank AccountThe next step is determining how funds are managed along with checks and balances.
24 February 2017 | 4 replies
I used conventional lending with a balance of 184k remaining on the note.The property and comps in the area for 4-plexes is around 310K.Since the purchase I have rehabbed 1 unit and in the process of rehabbing another unit in May.
24 February 2017 | 0 replies
Here are the two analyses: Initial Investment Purchase Price $89,000.00 Closing Costs $2,225.00 Renovation Costs(allegedly turn key) $3,000.00 Total Investment Costs $94,225.00 Financing Costs Down Payment (%) 20.00% Down Payment ($) $17,800.00 Mortgage Balance $71,200.00 Annual Interest Rate 4.00% Loan Term (months) 360 Total Invested Capital $23,025.00 Fixed Monthly Operating Expenses P&I $339.92 Financing Charges $0.00 Administration Fees $12.50 Property Taxes $197.08 Homeowners Insurance $111.86 HOA Fees $0.00 Fixed Monthly Total Costs $661.36 Variable Monthly Operating Expenses Property Management $157.50 Advertisements/Referrals $65.63 Vacancy & Collection Losses $131.25 Capital Expenditures Replacement Fund $50.00 General Maintenance Fund $50.00 Temporary Utilities $10.00 Pest Control (Optional) $0.00 Lawn Care (Optional) $0.00 Total Variable Expenses $464.38 Total Monthly Expenses $1,125.74 Annual Operating Expenses $13,508.86 Operating Income Monthly Market Rent $1,575.00 Annual Gross Revenue $18,900.00 Monthly Profit (or Loss) $449.26 Annual Net Profit (or Loss) $5,391.14I present to you such a thorough analysis in the attempt to make sure I'm not making any glaring mistakes!