What will it cost to maintain the 1M property and how can we afford it?

There’s no way to forecast these costs for sure. But mortgage-data firm HSH Associates suggests that homeowners assume they will come to about 1% of the property’s value — every year.*

To be on the safe side, we will calculate our cost based on 1.5% instead of 1%.   That is $15,000 on a $1,000,000.00 property annually; $1,250.00 per month.

Currently, we are paying $1,700.00 per month for our office located at 7711 Garden Grove Blvd., Garden Grove, CA 92841.  It comes from the sale income of uniforms, books,…

Beside the sale income, we have consistently collected an annual membership fees (niên liễm) about $11,000.00 (an average amount from the last 3 years reported by the Finance Committee) .

* source: http://realestate.msn.com/article.aspx?cp-documentid=25490855).


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