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Nike Ladies Tracksuit Bottoms

Nike Ladies Tracksuit Bottoms

from others from Chicago, these numbers may be ok for your area, I just wouldn give them a second look personally. Have you been lurking and researching certain guiding % mentioned on these forums? Eg 50% guideline.

in PITI

$137.5/mnth. Fully occupied that is.

So theoretically it a loss. But I also think 50% is conservative. Then again, it a 4 plex. With this 50% rule it would mean $22k would be needed in repairs per year, averaged over time. I think it sounds like over kill, but maybe it isn Personally I couldn fathom $15k in repairs on a 4 plex per year, but I never done it, so maybe someone can share.

1st Chicago Property

I won have a personal housing expense to deal with, which is currently costing me roughly $1500/month. Rent in a good neighborhood of Chicago is NOT cheap.

Congrats on your first deal, it nice to step in from the sidelines.

I have been lurking and researching a bit. Although it is close to break even given the 50% rule, keep in mind this will also be my home, so Nike Socks Running

His running expenses without PM would be

4 Unit Property (3 units in main house + coach house)

However he may have some deferred maintenance etc if there is a 50 year old water heater sitting in the basement.

Brian H, your calcs are pretty good, but I fairly sure (I know I will vehemently corrected if wrong ;) ) the TI part of the PITI, would Nike Ladies Tracksuit Bottoms be considered in the 50% guideline, so you would be counting them twice here, also PM is generally costed out at 10% so his expenses would more be.

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366540% 12 = 17592 his tax and insurance already considered Nike Sportswear Parka Men's Down Jacket

Your deal wouldn exactly have me getting excited. Your Piti is a good chunk of you gross, and I guessing since you have a 50 year old heater to replace, you may not be seeing profit from this place for awhile. Did you have a contractor give you a quote for what is needing to be done to this property?

Nike Ladies Tracksuit Bottoms

Nike Ladies Tracksuit Bottoms

Not an expert (in anything for that matter) in rentals but I believe the "standard" is people look for their total income for rents to be 2% of the price paid which would be $5,600. You have 1.3%.

Anyway, if you can keep under $15k repairs/year, you should do good. Profit around $5k per year plus getting closer to paying off and owning a 4 plex! Then if all goes good and QE3 causes house prices to rise, maybe you can cash out (before the collapse) and do bigger things. So much can happen! Welcome to BP!

This is the basic breakdown without me living there. However, I plan to move into the Coach House within 60 days, after the current tenant moves out at the end of Oct, and I do some moderate renovation.

Originally posted by Andrew O.:Congrats on your first deal, it nice to step in from the sidelines.

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Now you plan living in the Coach House (not sure what that is) but I sure that means you be losing one of you income streams. So when that time comes you be getting 3/4 of $3,665 which is $2784.75 which is 0.9% of purchase price. So that may be a little low.

Nike Ladies Tracksuit Bottoms

Nike Ladies Tracksuit Bottoms

As you asked it would be good to hear from others from Chicago, these numbers may be ok for your area, I just wouldn give them a second look personally. Have you been lurking and researching certain guiding % mentioned on these forums? Eg 50% guideline.

My goal is to hold this property for the long term, and acquire more over time, with the second being within 1 year from now.

I am just getting my feet wet in real estate, and figure there is no better first post than my first deal! Below are the basics, let me know if you have questions. Just looking for some basic analysis and advice would be great from my fellow Chicagoans. Thanks in advance :)

As you asked it would be good to hear Nike Grey Shorts Mens

For at least the first year, I plan to be an owner occupant, manage the property and put the proceeds directly back into proactive improvements, such as replacing a 50 year old water heater (not joking).

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I do realize the amount of work required. The place is in decent shape though as is, but I probably spend 10k in the first year on the coach house alone. However, the potential for a 50% coach house rent increase with these improvements is definitely there.

On here they also like to say, over time, 50% of your rental income will go to rehab which would be $1832.5/mnth. On top of your payment of $1970/mnth, you have left over theoretically

Your deal wouldn exactly have me getting excited. Your Piti is a good chunk of you gross, and I guessing since you have a 50 year old heater to replace, you may not be seeing profit from this place for awhile. Did you have a contractor give you a quote for what is needing to be done to this property?

Nike Ladies Tracksuit Bottoms

Nike Ladies Tracksuit Bottoms

therefore he would be $2748+TI positive for the year.

121970 = 23640

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