Lux Investing
I have a question about Real Estate Investing. It has to do with rental property. Can u help?
Ok. 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.
Public Comments
- 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.
