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Question
A four unit quadruplex has rental income of $500 per month per unit. Given a 5% vacancy rate, operating expenses of $700 per month, and mortgage payments of $1,500 per month, you can anticipate a monthlya. net spendable of $200.
b. net spendable of $300.
c. negative cash flow of $200.
d. negative cash flow of $300.
Answer
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Related questions
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Who is the trustor in a deed of trust?
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b. Lender
c. Grantor
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b. hypothecate property.
c. secure a note.
d. secure a mortgage.
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a. not be foreclosed if an ALTA title insurance policy insured it.
b. be foreclosed on.
c. not be foreclosed on if the mortgage went into effect before 1978.
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Which of the following claims against a real property interest would be the first to be satisfied?
a. First trust deed
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Q:
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a. borrower.
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a. Estoppel
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Q:
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a. fewer in number.
b. broader in coverage.
c. more restrictive.
d. greater in number.
Q:
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b. signed and acknowledged.
c. delivered and accepted.
d. executed by the grantor.
Q:
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b. signed by the grantor but not delivered.
c. recorded but not delivered.
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Q:
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a. conveyance.
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If a contract is considered voidable, it is valid until voided.
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a. rewritten.
b. rejected.
c. reworded.
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Q:
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a. Accept it
b. Modify it slightly before acceptance
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a. offeree.
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a. a power of attorney.
b. an agency relationship.
c. special agent status.
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Q:
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c. a unilateral contract.
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