This rental property will be designed with a keen focus on generating a healthy cash flow.Project Blueprint:Budget: Allocated at $200,000, covering construction and all related expenses.Focus: To merge energy efficiency, durability, and tenant comfort with cost-effective construction strategies, making the rentals both affordable and sustainable.Location: Currently scouting – I'm open to suggestions and insights on ideal locations supporting this vision.Strategic Planning:Efficient Design & Planning: I'm considering compact, multi-functional layouts to optimize space usage and incorporate cost-saving construction methods without compromising quality.Sustainability & Efficiency: The plan includes investing in top-notch insulation, air sealing, energy-efficient systems, and sustainable materials to reduce the building's carbon footprint and operational costs.Budget Management & Cost-Saving Initiatives: Careful budgeting and exploring value engineering options are crucial, alongside seeking out grants or incentives for energy-efficient building projects.Community & Sustainability Goals: To create shared amenities to foster a community feel and implement systems encouraging tenants to monitor and reduce their energy consumption.Seeking Community Insights on:Cost-Effective Building Strategies: How can I ensure the project remains within budget while achieving high sustainability and efficiency standards?

Many have an option to join virtually, but if you're going to travel to an area to scout it, plan your trip around some local meetups and attend while you're there.

And along the way sell some apartments and pocket those fat commish checks I sold a 5 mil one a few years back and that was a smooth 100k in my jeans for a couple weeks of scouting finding and following it to the close..

Scouting for new properties in an area in which you do not currently do business is not considered a deductible business expense until you actually acquire a property in that area.At that point, it is added to the property's basis and depreciated over the life of the property.

to be honest, i would just not tell them what your after.. i have been scouting out brokers since i just passed my state exam here in Florida and i have found that many agents in the office are only part time or still have their license at the office, but after a few months found no success and had to get another job in hopes of coming back and never did.. so many agents according to the brokers ive talked to had many agents with 0 sales for the entire year.. your an independent contractor to them, they cant force you to bring them business.. they make money no matter what way you find houses using their office...

We are actively looking for a vacation rental cabin in the Asheville/Brevard, NC area...although we're scouting as far west as Highlands and as far east as Little Switzerland.  

Respected for his unique blend of creative and analytical thinking underpinned with a commitment to collaboration, intelligent risk-taking, entrepreneurial spirit and leadership presence within dynamic organizations he knows how to keep it real and close the deal.In addition to his business interests, Mark is involved in numerous community outreach and volunteer organizations including the South Brentwood Residents Association (advisory board member,) local homeless advocacy group The Giving Spirit (chairperson-fundraising, community outreach,) American Youth Soccer League (referee and division mentor,) and the Girl Scouts of America to name a few.

Hi all,I'm still scouting for my first deal, and I came across a commercial multifamily (7 units + 2 stores) that is out of state (NY, I'm in CA) that looks promising.The basic numbers are:Asking price:  300kCurrently leased, bringing in 74k per yearTaxes:  8,600, but assuming 10k.I'm assuming this needs to be a commercial loan, which brings me to my first road-block - my down payment ability is limited to about 30k (I have an IRA with 60k in it that I can borrow up to 50% of).What sort of things should I be on the lookout for with this type of property (assuming I'm able to surmount the down-payment problem)?  

I have scouted excellent projects  at 50% ltv on AS IS value.

The condo we are scouting does allow rentals.The HOA fees have been something we  totally don't like as they eat into your returns.