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ZipRealty to cut jobs on housing woes
Brokerage company lowers earnings guidance for 2007
Thursday, October 11, 2007

Citing the continued slowdown and uncertainty in the nation's
housing markets, ZipRealty today said it plans to eliminate jobs and
take other cost-cutting measures, and lowered its earnings guidance
for 2007.

Some real estate markets have been hit hard this year by slowing
sales and tightened lending standards, which have squeezed the pool
of buyers and softened demand. The National Association of Realtors
this week said it expects home sales to fall 10.8 percent and prices
to fall 1.3 percent this year.

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Hello everyone,
I have an apartment building deal that I would like some assistance structuring the 5% downpayment. This multi family property has a great cash flow and it is currently 97% occupied. But, I'll let you be the judge of that. Review the info I've provided and let me know what you think. I have photo's and market study available upon request. I am an investor simply looking for assistance with capital. Any private lender/investor that would accomodate me with this is looking at a 200k extra in repayment or possible split earnings :idea:. Hope you're having a great day and I look forward to working with you.

Regards,

Email: [email protected]

* PLEASE SERIOUS INQUIRYS ONLY*

Investment Information

Listing Price $10,350,000
Actual CAP 9.67 %
Actual GRM 6.81
Pro Forma CAP 10.50 %
Pro Forma GRM 6.64
Price Per S.F. $161
Price Per Unit $50,000
Expenses Per S.F. $8
Total Units 207
Building S.F. 64,219
No. of Buildings 23
Land Acres 7.85

Loan Description:

Estimated Annualized Operating Data Actual Pro Forma

Scheduled Income $1,507,923 $1,547,923
Other Income $11,368 $11,368

Less Vacancy
Gross Operating Income $1,519,291 $1,559,291
Less Expenses $518,179 $472,297
Net Operating Income $1,001,112 $1,086,994
Less Loan Payment
Pre-Tax Cash Flow $1,001,112 $1,086,994
Cash on Cash Return 9.67 % 10.50 %

Scheduled Gross Income

Unit Est. S.F. Rent Income Market Rent Income
Total Annual Scheduled Income

Estimated Annualized Expenses Highlights

Actual Pro Forma
Total Expenses $518,179 $472,297
Expenses Per S.F. $8.07 $7.35
Long term Government backed agency leases

High demand rental type

3 to 5 year leases on 50% of the complex

Excellent cash flow

Estimated Expense Summary Actual Pro Forma

Projected Taxes $72,490 $72,490
Insurance $12,131 $12,131
On-Site Management
$30,000 $30,000
Trash
$5,131 $5,131
Cable
$1,708 $1,708
Maintenance
$33,402 $23,270
Repairs
$15,201 $6,090
Advertising
$6,809 $4,074
Legal / Professional
$7,483 $2,658
Administration
$8,317 $8,317
Permits/ Licenses
$1,104 $1,104
Telephone
$18,294 $18,294
Payroll / Benefits
$112,943 $105,250
Security
$17,780 $17,780
Miscellaneous
$19,896 $19,896
Utilities $143,030 $136,000
Workmen's Comp $5,388 $5,388
Auto Expenses $2,000 $2,000
Pest Control $716 $716
Furniture $4,356
Totals $518,179 $472,297

Hello Everyone,
Can anyone tell me where I can get some information on creating a Foreclosure prevention company? Any help would appreciated.

Regards,