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11 August 2024 | 3 replies
I was thinking more auto shop, lawn care, electricians, etc.
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13 August 2024 | 17 replies
Heres some common structures:5-4-3-2-1 - Stepdown (5%,4%,3%,2%,1%)Flat PPP - 5 year PPP and there is a 5% hit in fees at any point in time within the 60monthsAbbreviated PPP - 6 months of interest payments on 80% of the balance at closing.It's all different... just shop it out and choose a dscr broker who has the knowledge to help you make an educated decision.
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10 August 2024 | 2 replies
Purchase a business property such as an automotive repair shop.
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10 August 2024 | 14 replies
You are going to turn off a lot of lenders with your post because you are clearly going to shop every term sheet that's turned over to you with a focus exclusively terms with no regard for the servicing, loan administration and most importantly what that loan officer can offer you in the future.
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9 August 2024 | 2 replies
I just want to make sure I have this correct because that is not a thing.If your goal is to leave your job, it's not going to be through one investment and it's certainly not going to be feasible to build a 4-plex in Vegas or Henderson unless you have a solid bag of cash somewhere.
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11 August 2024 | 7 replies
The top notch call center like Lamassu charge $8-20K a month, but typically work with shops doing 10+ deals a month.
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11 August 2024 | 99 replies
I would rate it... but all you guys do is tell dumb jokes, not listen to your guests and bag on Detroit.Seriously though it's my number one favorite podcast...
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14 August 2024 | 134 replies
Larger, experienced shops likely less so, but with these groups even if they have some problem deals it’ll amount to a headwind to overall performance of a very large portfolio rather than a disaster that brings down the firm.The 2020 to 2023 period saw several very active “newer” groups who were rapidly scaling and in some cases dominating acquisitions.
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10 August 2024 | 8 replies
Here is what I proposed:Setup fees : Administration Setup:One Time Fee: $400Guidebook: Using professional photos give the guests a professional tour of the house and how the home works (Wifi passwords // How to use grill // How to use propane fireplace // Hot tub instructions // Sauna instructions //Check in and check out instructions //where extras may be storedOTA (Online Travel Agency) setups: taking professional photos and actively updating your listing on popular platforms;PMS (Property Management System) Setup Smart Pricing Set upWebsite integrationOther (furniture arrangement / design / décor shopping and set up) $50 per hour· Placement fees · Marketing Cost: Variable depending on needs/wants for marketingFacebook AdsGoogle Ads Cleaners: Set up procedures/take pics of expectations· Management fee—30%Guest communicationCleaner communicationSetting Rental rateDealing with small maintenance issuesBooking CoordinationSmart Lock integrationKeeping supplies stocked (TP, paper towel, all cleaning products, coffee, filters, creamer, sugars, teas,)(Receipts would be submitted on a monthly basis for either reimbursement or book keeping purposes)Encouraging guests to leave good reviews by periodically checking in, providing a review template, and ensuring guests receive the amenities they are looking forContinued marketingMajor Maintenance fees—OwnerCleaning and laundry services fees: Cleaning fee to the guest depending on how cleaner wants to charge
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10 August 2024 | 7 replies
You could also shop the coverage to see if there are savings in a different company.