.#10 CONTRACT - make sure what you are doing STR is listed in the contract - typically in the addendum section.   

BEAUTIFUL DUPLEX IN THE HEART OF MIAMI THIS PROPERTY IS SO UNIQUE IT HAS A AUD 1/1 ON THE SIDE THAT BRINGS IN AN EXTRA 1100 !

I'm starting my first deal and got on the call with the agent and ended it with a deal with me making almost 5k but after this idk what to do, we haven't signed a contract or anything but getting to and and I just need someone to be by my side for this, I'll throw you some of what im making somehow but I just really Need help

All buyers and sellers of rental real estate should require Tenant Estoppel Letters in their contracts.

Property management is not for the faint of heart, so glad to see you're enjoying it and thriving.

Will talk them through doing a management contract.  

Fully occupied rent total $2100 but long term tenants want to stay and rent increases and leases are agreeable to move total rent to $2300I am in middle of finalizing a transferable contract that I will sell for 85kseparate utilities and owner would pay water which averages at $200 month.NY so taxes are a bit high at $6300Property seem to be in sound shape with no majors lurking but I have not done a on site inspection yet.My evaluation sheet which consist of 20% down at 7.5% interest rate shows a 15%+ Cash on Cash starting on day one.GROUP LOAN AMOUNT$68,000.00PRICE$85,000.00INTEREST7.00%OWN PAYS MON$225.00TAXES YR$6,300.00DN PAYMENT PERCENT20.00%DN PAYMENT$17,000.00LOAN PAYMENT$452.41INSURANCE YR$1,600.00TOTAL RENT$2,300.00MAINTENENCE CAP EX11.00%$253.00ENTER DOLLAR AMOUNT ITEMS IN YELLOWVACANCY5.00%$115.00GREEN ITEMS ARE ADJUSTIBLE BASED ON MARKETS AND EVALINSURANCE5.80%$133.33TAXES22.83%$525.00PROPERTY MANAGEMENT12.00%$276.00OFFICE4.00%$92.00OWNER EXPENSE9.78%$225.00LOAN19.67%$452.41TOTAL EXPENSES90.08%$2,071.74MONTHLY CASHFLOW$228.26YR CASHFLOW$2,739.13YR RECOVER6.21CASH ON CASH %16.11%WHO WANTS TO BUY MY FIRST WHOLESALE PROPERTY?

Hello everyone, I have recently gone under contract on a property and was able to agree to a private loan with a family member to purchase and renovate.

Are you in the market for contracting work, or are you doing your own projects?

Still up to me to properly utilize it and get the deals contracted.