I have a question about Real Estate Investing. It has to do with rental property. Can u help?
Posted by: admin / Category: real estate investingOk. Lets say a Real Estate investor buys a 20 unit apartment building (20-Plex). And this landlord has paid off the WHOLE building. It is 100% occupied and he charges 600 per month in each unit. And wonderfully everyone pays on time every month 
SO it grosses at 144K a year. ALL i want to know is what will be his NET after that, because i know there are expenses that hes gonna have to use that 144K. Can u tell me what these different expenses are and how much u estimate his net will be after all the expenses? Thank YOU! Sorry about the long paragraph lol im just curious because i want to learn about RE investing.
Cost of operation: heat, lights in public areas. Fixing things that break. Insurance. Real estate taxes. A new roof every so often. Cleaning service. Snow removal for some places.
July 20th, 2010 at 11:46 pm
Cost of operation: heat, lights in public areas. Fixing things that break. Insurance. Real estate taxes. A new roof every so often. Cleaning service. Snow removal for some places.
References :
July 23rd, 2010 at 5:11 pm
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