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28 August 2024 | 9 replies
Example:-------------------Tenant A - Grandma Millie's Sewing ShopBeen in business 1 year, decently profitable, signs 5 year lease.Rent = $60,000/yearTenant B - Eye Doctor office.Been in business 5 years, quite profitable, signs 5 year lease.Rent = $55,000/yearTenant C - Subway5 year leaseRent = $50,000/year-------------------If I assign the following Cap Rates, I get these building values:Tenant A / 10% cap rate60k/.1 = $600,000Tenant B / 8.5% cap rate55k/.085= $647,000Tenant C / 7% cap rate50k/.07 = $714,000(or even $45k at 6% cap rate = $750k)-------------------I just made up all of these numbers.
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28 August 2024 | 10 replies
However, you can expect to recover about 50-55% of your investment when selling the home.Another good option would be to consider converting attic space, finishing a basement, or repurposing a large living area to add a bedroom without expanding the home's footprint.Some other tips to help you save on materials while still creating an appealing finished product: buy in bulk, shop at discount stores and outlets, look for overstock, discontinued items, or slightly imperfect materials, attend auctions and Estate sales, incorporate reclaimed wood, vintage fixtures, or other salvaged items for a unique look at a lower cost, build relationships with suppliers...If you have any more questions or are looking for funding please feel free to reach out to us, we're a private lender.Regards,Jackson
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27 August 2024 | 8 replies
It is supposd to catch money laundering, but it exempts any company with more than 20 employees and grossing more than $5 Million.
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29 August 2024 | 5 replies
Make sure the family is good on this transaction happening at the right price, it could get uncomfortable if your dad gives it away to you in the eyes of the family.
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26 August 2024 | 13 replies
Appraisal Value & Financing: While it's true that ADU appraisals lagged behind costs a few years ago, the market is quickly catching up.
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30 August 2024 | 29 replies
And one area that I’m keeping my eye on is Franklin.
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29 August 2024 | 14 replies
LTRs may face eviction issues, their consistent income makes them less risky in the eyes of lenders.
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28 August 2024 | 14 replies
I don't have any properties besides my primary residence yet, however I've been keeping an eye on the market.
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27 August 2024 | 4 replies
Problem here the tenant didn’t declare cats as pets.She ruined the unit in one full year and it took more than $11,000 to replace full floors in two level townhouse plus other water leaks damage.tenant left without telling.Now I am asking property management must visit quarterly to catch damages early on.Ozone machines did not help much.thanks
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29 August 2024 | 5 replies
But thank God for them bright eyed, passionate, new investors are not rare.