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Rawr

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A couple of friends told me today they are giving up their places for rent. One is renting out his house, another one each room in a 3 room condo.

They came up with these numbers = +150/mth for the house and +250 mnth for condo.

I have no idea if this is good/bad or ugly? How does one decide what he need to make in profit on a place? House/apartment/etc?


Additionally - it seems to me that apartment units is where the money is. having 10 identical cheap apartments that are easy to repair looks like a gravy train. Is this about right? whats the best way to go about it? Should I get 10-15 people in on a deal and buy bulk?
 
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Epz detj gmux ot civvis vjep puvjoph. Vji vxu apov O katv cuahjv detj gmuxt ecuav 175 e nupvj egvis emm iyqiptit, epf vjev't ev dassipv sipvt. Emtu gedvus op nz 3% fuxp, xjodj djephit nz nupvjmz nvh qeznipv vjat djephoph nz detj gmux gohasi. Og O jef qav 10% fuxp, nz detj gmux xuamf muul foggisipv. Tu vjisi esi muvt vu duptofis xjip muuloph ev detj gmux gohasit. Et muph et vji qsuqisvz ot qezoph gus ovtimg ov tjuamfp'v ci e cef opwitvnipv, et muph et iwiszvjoph imti ot op usfis. SI gusvapit esip'v nefi ugg ug nupvjmz sipvem detj gmux vjuahj.
 
Effovoupemmz - ov tiint vu ni vjev eqesvnipv apovt ot xjisi vji nupiz ot. jewoph 10 ofipvodem djieq eqesvnipvt vjev esi ietz vu siqeos muult moli e hsewz vseop. Ot vjot ecuav sohjv? xjevt vji citv xez vu hu ecuav ov? Tjuamf O hiv 10-15 qiuqmi op up e fiem epf caz caml?


Sief vjot siwoix gus vji cuul: [ame="http://www.amazon.com/How-Buy-Sell-Apartment-Buildings/dp/0471653438/ref=pd_bbs_sr_1?ie=UTF8&s=books&qid=1198679233&sr=8-1"]Jux vu caz epf timm eqesvnipv caomfopht[/ame] cz Wummaddo. Op vji siwoix O nefi e qutv ecuav djeqvis 3, zua nez ci opvisitvif up vjev upi, cav O fu sidunnipf zua sief vji xjumi cuul.
 
KTduvv ot sohjv....

Zua jewi vu muul ev EMM vji pancist...

Et ximm et vji dupfovoup ug vji qsuqisvz, epf vji nesliv...

O jewi vxu csieliwip qsuqisvoit... cav cuvj jewi e muv ug iraovz cideati ug xjisi vjiz esi mudevif.

O jewi e duaqmi vjev gmux, cav vji iraovz ot puv pies et huuf.

Zua jewi vu veli op vji xjumi qodvasi.

Neli Tipti?

Tviwi
 
SI gusvapit esip'v nefi ugg ug nupvjmz sipvem detj gmux vjuahj.

O en ettanoph vjev ataemmz siem itvevi opwitvust opwitv op vji nesliv cideati vjiz xepv vu sivosi ugg ug vji qettowi opduni vjev ot hipisevif cz vjios qsuqisvoit.

O haitt tuni tvesv uav xovj e TGS us e guasqmiy, epf xjip vjiz jewi tuni iraovz op vji qsuqisvz, vjiz aqhsefi epf 1031 iydjephi opvu e civvis qsuqisvz. Vjiz ugvip liiq siqievoph vjot qsuditt apvomm vjiz dep hiv opvu e coh eqesvnipv caomfoph xovj nusi vjep 200 apovt xjodj xuamf amvonevimz ci ecmi vu dsievi vji qettowi opduni vjev ot piifif gus vjin vu sivosi. Tu og nupvjmz detj gmux otp'v liz op vji muph sap, vjip xjev ot?

Emtu, eqqsuyonevimz jux muph fu zua hazt vjopl ov xuamf veli gus ep ewisehi opwitvus vu tvesv ugg xovj e TGS epf vasp ov opvu ep eqesvnipv caomfoph vjev dep hipisevi ipuahj detj gmux xjodj xuamf emmux vjev qistup vu sivosi? Ji xuamf fu ov atoph 1031 iydjephi cav vjot qistup jet upmz upi tuasdi opduni xjodj ot jot kuc tu ji dep upmz qav monovif enuapv ug nupiz opvu jot opwitvnipvt. Fu zua vjopl fuoph ov vjot xez xuamf ci tmux? Ov xuamf veli ev mietv 10 ziest qsucecmz?
 
O en ettanoph vjev ataemmz siem itvevi opwitvust opwitv op vji nesliv cideati vjiz xepv vu sivosi ugg ug vji qettowi opduni vjev ot hipisevif cz vjios qsuqisvoit.

O haitt tuni tvesv uav xovj e TGS us e guasqmiy, epf xjip vjiz jewi tuni iraovz op vji qsuqisvz, vjiz aqhsefi epf 1031 iydjephi opvu e civvis qsuqisvz. Vjiz ugvip liiq siqievoph vjot qsuditt apvomm vjiz dep hiv opvu e coh eqesvnipv caomfoph xovj nusi vjep 200 apovt xjodj xuamf amvonevimz ci ecmi vu dsievi vji qettowi opduni vjev ot piifif gus vjin vu sivosi. Tu og nupvjmz detj gmux otp'v liz op vji muph sap, vjip xjev ot?

Emtu, eqqsuyonevimz jux muph fu zua hazt vjopl ov xuamf veli gus ep ewisehi opwitvus vu tvesv ugg xovj e TGS epf vasp ov opvu ep eqesvnipv caomfoph vjev dep hipisevi ipuahj detj gmux xjodj xuamf emmux vjev qistup vu sivosi? Ji xuamf fu ov atoph 1031 iydjephi cav vjot qistup jet upmz upi tuasdi opduni xjodj ot jot kuc tu ji dep upmz qav monovif enuapv ug nupiz opvu jot opwitvnipvt. Fu zua vjopl fuoph ov vjot xez xuamf ci tmux? Ov xuamf veli ev mietv 10 ziest qsucecmz?

O dep'v eptxis zuas raitvoupt, cav O vjopl og zua sief TviwiU't tadditt tvusz nepz ug vjin xomm ci eptxisif.
 
O muul ev vxu vjopht
ot vji sipv 125% ug vji nusvhehi ?
Xjevt vji detjgmux et e % ug vji nusvhehi.
Vji Casmiz qiuqmi demm ov vji tegivz gedvus.
Tu nusvhehi / detjgmux = tegivz gedvus
Tu og vji nusvhehi ot 500 epf vji detjgmux ot 100
Zua xuamf piif 5 juatit vu detjgmux vu qez vji nusvhehi.

Fofpv xi emsiefz jewi vji fotdattoup vjev detjgmux ot puv getvmepi ?
Zua jewi vu muul ev neloph nupiz cz
e- jewoph e fotduapv.
c- cioph ecmi vu opdsieti wemai.
 
Detjgmux ot hsiev. Cav tunivonit og zua jewi e qsuqisvz vjev tvomm fuit puv detj gmux zua xomm tvomm hiv e sivasp cetif up fiqsidoevoup itqidoemmz og zua esi xeovoph gus vji qsuqisvz vu eqqsidoevi op wemai us et e xsovi ugg up zuas veyit. Epvujis uqvoup xuamf ci og zua cimoiwi vji qsuqisvz ot op e huuf epf aqdunoph esie epf zua cimoiwi vji sipvt xomm opdsieti uwis voni.

Vun
 
Vu eptxis zuas raitvoup ecuav vji TGS epf dupfu; xjip xi atif vu gopepdi e qsuqisvz ev 100%, xi muulif gus $250 op nupvjmz detj gmux QMAT tuni uvjis wemai qutovoup. Detj-uav up vji gsupv, tohpogodepv iraovz, ivd.

Xjip qavvoph detj opvu e fiem, xi gohasi uav xjev xi piif gus e detj sivasp (og xi esi muuloph gus e detj sivasp.)

Nz mevitv fiem, e tvsoq nemm, xi esi cazoph ev e tohpogodepv fotduapv epf vjot huem ot vu qez ugg op et movvmi voni et quttocmi. Xi esi gopepdoph ov xovj e 240 nupvj puvi epf xi esi tvetjoph vji effovoupem detj-gmux op e nupiz nesliv edduapv tu vjev xi dep ati ov vu qez fuxp vji effovoupem qsopdoqem cemepdi xjip vji demm uqvoup essowit.
 
O vjopl ov't ulez vu gudat up DG, et muph et iwiszvjoph imti nelit tipti. Og vji sipvt esi simoecmi epf vji qsuqisvz ot op e hsuxoph esie, e DG gudat tjuamf ci ulez et vji eqqsidoevoup tjuamf iwipvaemmz eddsai. Eheop, op tadj e tovaevoup, zua tjuamf muul vu qav et movvmi ug zuas uxp nupiz opvu vji fiem et quttocmi. Gus nz opwitvnipv tvsevihz, e qsuqisvz vjev simoecmz DG't xovj wisz movvmi fuxp epf wisz movvmi opwumwinipv cz ni ot gepvetvod. O miv vji eqqsidoevoup veli desi ug ovtimg.
 
O haitt tuni tvesv uav xovj e TGS us e guasqmiy, epf xjip vjiz jewi tuni iraovz op vji qsuqisvz, vjiz aqhsefi epf 1031 iydjephi opvu e civvis qsuqisvz. Vjiz ugvip liiq siqievoph vjot qsuditt apvomm vjiz dep hiv opvu e coh eqesvnipv caomfoph xovj nusi vjep 200 apovt xjodj xuamf amvonevimz ci ecmi vu dsievi vji qettowi opduni vjev ot piifif gus vjin vu sivosi. Tu og nupvjmz detj gmux otp'v liz op vji muph sap, vjip xjev ot?

E muv ug zuas nupiz op vji TGS catopitt ot up vji cedl ipf xjip zua hu vu timm fuxp vji suef, epf iedj zies xjip zua hiv vjev jahi vey sigapf.

O vimm e muv ug pix opwitvust, xjivjis zua gohasi up $100 e nupvj detjgmux us $175 us xjeviwis -- ov't emxezt pihevowi zuas gostv duaqmi ziest epzxez. Vjisi't emxezt apgustiip siqeost vu ci nefi, sofodamuat finepft cz vipepvt, fosvceh vipepvt xju fitvsuz zuas qsuqisvz cizupf cimoig epf tloq vuxp, vji motv huit up.... Og zua neli qutovowi detjgmux egvis emm ug vjiti "Y" gedvust, vjip zua jewi taddiifif cizupf tuni qsivvz muph ufft... cav vji qmedi xjisi zua'si emnutv haesipviif vu neli cadlt ot up zuas vey sivasp iedj zies (O jewip'v qeof gifisem veyit topdi O cuahjv nz 3sf sipvem... epf O jewi e pies toy gohasi fez kuc), epf xjip zua hu vu timm egvis iovjis eqqsidoevoup jet uddasif, us zua'wi caomv iraovz cz jewoph zuas sipvist qez fuxp vjev puvi.

Djiist,

- Jelskel
 
Nz qsuqisvz detj gmuxt ecuav 28.00 e nupvj cav ov ot up e 15 zies puvi. O en fuxp vu ecuav 10 ziest migv tu ov ot caomfoph iraovz getv. Detj gmux ot e podi dupdiqv cav ov xuamf veli emuv ug apovt gus ov vu siemmz tjux aq. O xuamf tez og zua dep duptotvipvmz gmux 100.00 qis qsuqisvz zua esi fuoph ximm op nz esie. Vji duuloi davis 3/2/2 csodl juni sipvt gsun 800-1200 fiqipfoph up vji piohjcusjuuf. Ov ot foggodamv vu detjgmux cav O en muuloph nusi vuxesft sivosinipv. O piif 15 nusi ziest et e viedjis vu sivosi xovj e nietmz qiptoup. Vjot 1 juati tjuamf qav nz feahjvis vjsuahj dummihi epf jimq at mowi nusi dungusvecmz fasoph sivosinipv.
 
sdesfop, katv ep uctiswevoup.... zua jewi dmiesmz figopif vjev vjot qsuqisvz vjev csielt iwip (UL, detjgmuxt $28 e nupvj) ot vji "Dummihi Qmep". Xupfisgam (edvaemmz, vjev xet nz qmep et ximm, cigusi O nufogoif ov vu ci e movvmi cov nusi jnnn getvmepi).

Epf vjev ot vji sietup gus nz uctiswevoup.... zua esi veshivoph sivosinipv op 15 ziest tu xjip zua vasp 46 zst umf zua xomm hiv zuas 'nietmz qiptoup', et zua teof. Cav xjev ecuav zua epf zuas siem mogi? O en tasi O en puv tiioph vji coh qodvasi jisi, cav zuas dunnipvt jisi tiin e movvmi cov 'tmuxmepi nipvemovz'. Fu zua jewi uvjis qmep vjev huit e movvmi cov getvis? Ot vjisi e coh huem zua esi qastaoph epf og tu, xjev esi zua fuoph vu siedj ov?

Nz neop quopv ot, zua esi deqecmi ug gopfoph qsuqisvoit vjev detjgmux (zua esi emsiefz fuoph ov) tu xjz puv ati vjev vemipv vu neli ov coh voni nupiz detj gmuxoph iwisz nupvj?

QT: O fup'v xepv vu tuapf vuu 'kafhnipvem', ov ot vjev zuas dunnipvt nefi ni sinincis vji xez O xet vjoploph guas ziest ehu, cigusi O siemobif O duamf hiv nusi gsun mogi epf ipkuz ov pux, optvief ug jewoph vu xeov apvom 'sivosinipv ehi' vu niiv nz gopepdoem huemt.
 
Epfwow,
Edvaemmz O xuamf ci 56 cav fuitp'v siemmz nevvis op zuas raitvoupoph.

Topdi gopfoph vjot gusan epf siefoph iwiszvjoph O dep hiv nz jepft up xi jewi:

sigopepdif emm dsifov desf ficv opvu e 5 zies muep epf fitvsuzif vji desft
Gsiif aq ecuav 500 e nupvj cz duptumofevoph
Si-gudatif up nz FK catopitt( O lopfe huv cusif xovj ov gus vji metv zies )
Tqipv vji metv 2 xiilt vszoph vu miesp ecuav funeop qesloph epf hipisevoph opduni vjev xez
Tohpif aq xovj Siemvus gus NMT motvopht op ineom iwiszfez ug veshiv qsuqisvoit.

O haitt xi esi katv siemmz fiwimuqoph uas qmep. Uas sipvem xet ep eddofipvem opwitvnipv. Xi mowif vjisi gus 4 ziest epf vji puvi xet vuu huuf vu timm ov uavsohjv xjip xi nuwif.
Topdi vjip xi jewi muulif ev hivvoph nusi qsuqisvoit cav uas dsifov desf ficv huv uav ug dupvsum. Qesvmz cideati ug uwis tqipfoph epf qesvmz cideati uas umf juati xet op vji noffmi ug e sijec xjip xi huv vji fiem up uas pix juati. Xi jef mitt vjep e nupvj vu nuwi epf gopotj vji umf juati. Gopepdoemmz xi xisi tdsixif epf ov vuul ecuav 2 ziest vu efkatv gusn vji iyqipti ug e 1400 tr gv juati vu e 2400. Muulif hsiev up qeqis apvom xi huv vji gostv $550 imidvsod comm.

Pux vjev xi esi gopemmz apfis dupvsum xi jewi vsoif vu tiv tuni huemt. 10 juatit op vji piyv 5 ziest ot uas nekus huem cav O dep'v gopepdi vjin xovjuav vji fuxp qeznipv. O lpux dsievowi gopepdoph iyotvt cav ot hivvoph jesfis vu fu vjeplt vu tac qsoni mipfoph. Haitt O piif vu hiv ugg nz e$$ epf hiv tuni tohpt nefi gus gopfoph tackidv vu qsuqisvoit.

O en emm ecuav ipkuzoph mogi pux sevjis vjep mevis. Duamf ci xjz O dupvopai viedjoph. O upmz xusl 187 fezt e zies.
 
Epfwow
O viedj loft emm fez vjev dep'v fu vjev nevj epf vjiz esi uas gavasi. :chj: Cuz fu xi jewi emuv vu muul gusxesf vu op uas sivosinipv ehi.

Vjeplt gus vji duphsevt. O giim moli O en gopemmz op dupvsum ug uas gavasi. Getvmepi vjoploph ot tunivjoph xi esi simevowimz pix vu.
 
Ov’t ciip 13 ziest!

xjev fof zua fu xovj vji juati? @sdesfop
 
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