…repairs would cost roughly $10,000 to make the space habitable. We called in a professional inspector, and he agreed. In the end, the “total purchase price” (purchase + repairs) will…
Search results for: repairs and maintenance
We Bought House #4! Check it Out!
…But vacancies, maintenance, repairs, taxes, insurance, and management will take a huge bite out of your gross profits. There’s a broad rule-of-thumb known as the “50% Rule,” which states that…
We Bought House #5. Here’s a Behind-the-Scenes Look — Including the Numbers.
…10 percent fee, $900/mo rent Repairs/Maintenance: $50 per month ($600/year) based on “one percent of purchase price” rule-of-thumb Total Expenses: $340.74 per month Cash Flow: $459.26 — $659.26 per month,…
How I Collect $3,000 Per Year in Passive Income from One Rental Property — with No Money Down
…expenses, maintenance and repairs. In other words, we borrowed at 7 percent and used the money to snag an investment that pays 10 percent. This practice is called “arbitrage,” an…
Radical Real Estate Transparency: Here’s What I Earned in October
…handle any renovations or repairs this month. (We spent $50 on squirrel traps). Because it’s October, we’re in that maintenance sweet spot: No lawn mowing, but too early for gutter…
How Much Does It Cost to Maintain a Rental House?
…thumb” to predict how much you’ll spend on a rental property. The 50% Rule states that all your operating costs – such as property tax, insurance, repairs, maintenance, water and…
Your Money Should Make Buckets of Excess Money
…$2,500 per month (at $1,250 per side). You pay $1,250 per month for your mortgage, $250 for management, $250 for repairs and maintenance and $250 for vacancies (monthly average). Your…
#195: Ask Paula – I Make $168,000 Per Year and Spend $5,000 Per Year. What’s Next?
…specifically for rental properties. Do you have separate buckets for repairs and maintenance, vacancies, and capex? On the blog, I see that you recommend having at least six, but preferably…
#161: Ask Paula – How Can I Get My Friends Interested in FIRE?
…of repairs and maintenance? And how should the tax benefits of rental properties play a role in choosing a property? Brett asks: I own a fully-paid-off rental property in Las…
#451: Ask Paula: The Hidden Costs of Leverage
…driven my 2011 Mazda3 sedan for over 10 years. I own it free and clear. I’ve kept up with regular maintenance, so I’ve had to make almost zero major repairs….
