Still trying to make my $8000/month goal
ALL rents in and some with late fees
House we fixed up and are renting looks great.. LOTS of showings... hope it rents soon
House for sale. got 2 serious calls. hoping they turn into something
Looking into buying a 2 flat
B area, good shape, rents easily and fully occuped, rents total $1800, cost $74k. with $30k down and can do a seller financing contract for the rest $44k. NET profit if paid off now would be $900.. Payment at 5% over 4 years is $1013. Seller already agreed to a contract and 5%, inspecting it and getting more details Wednesday. House will pay for ITSELF on a 4 year term.
I am keeping track monthly this year of what my NET profit would be after all expenses and tracking that so I have true #s..
So far this has been the net
I still owe $125k on the 2 3-units which will be paid off 3/2018. NET is the true net (if 3 units paid off at current rents). Laundry $ is extra and is cash. tha t is on top of the NET figure. This reflects since the new company took over. #s are not full occupancy. November was down 2 rents and legal costs.
DEC $6,018.00 180
JAN $5,517.00 323
Update on house for sale and maybe buying a 2 flat