Today is an awesome day ! I’m all moved in and I’m an owner again ! She’s a little old, shes a little wide, But she’s all mine ! She’s a triplex; 3 door building with (2) 2/1’s and a 1/1 all central AC with washer and dryers in unit ! I been tracking income producing properties for the last year running cap rates looking at land values and found one that fit just right. I was the first person onsite within 30 minutes of the listing, and started negotiating right away. I used an FHA loan to finance it over 30 years with only 3.5% down on 430k. That’s only 15k to come up with vs a conventional loan of 25% which would be over 100k!!! I used my ninja negotiating skillz to get 10k credits to cover closing costs. There are 2 tenants in place producing a $2100 of income offsetting my mortgage/ insurance/ taxes of 3k leaving me with $900 to pay (at the current rent level) However my net housing costs after mortgage interest deduction, depreciation and improvement write offs I’m close to breaking even. My previous rent was $1400.00 . It was a bit tricky with considering FHA has a lot of rules and regs pertaining to income producing property, but I’ve been through it ! The awesome thing about FHA is you will only need to live there for 1 year . It’s a great way to build a portfolio of income producing property If you are tired a paying rent like I was let me know., this Docktor that makes house calls ! :0) . . . . . #realestate#realestateinvesting#project#multifamily#triplex#duplex#invest#realtor#landlord#property#incomeproducing#rentals#apartment#southflorida#lasolas#middleriver#broward#fortlauderdale#ftlauderdale
الطموح ليس له حدّ، والهمّة العالية ليس لها سقف، فلا تجعل أمرا يحول بينك وبين طموحك وهمتك ✨... مشروع تخرج طُلاب كُليات التقنية العليا قسم الهندسة🛠🚗⚙️. Video by : @iishowd 📸. - - - @hct_uae @fujairah_media_office #hct#fmc#fujairah#engineer#graduation#project ✨.