i am a workaholic with a need for passive income with little time for management.
looking at $2.4 mill mobile home park (40 spaces) with property tax $3300
trailer tax $9000
gen liab ins $9226
prop ins $13,804
water bill $14,400
yard main $6500
gen main $8000
manage $10,000
347K annual income and a potentional land appreciation in 5 years?
1mill strip mall with (4000 sf lease exp3/07, 4250sf exp 5/08, 1350sf exp 11/08)
gross of $116,400
vacany $ 3500
effective gross income $112,900
maintence $2000
taxes $6250
ins $4000
other $5600
net operating expenses $95050
1.1mill strip mall with
1500sf lease exp 12/06 at $1800/month
4500sf lease exp 3/09 at $4000/month
4500sf lease exp 1/09 at $3700/month
taxes 3138
utilities 5400
projected income $114,000 b/c newest leesee
i have no debt and full funded retirement...life is good but looking for great passive positive cash flow
alternatively potentially building storage facility in gulf zone for 50% depreciation in gulf coast of mississippi to offset tax burden of yearly income?