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30 November 2024 | 0 replies
On Page 134, he lists the following when analyzing a deal:Sales Price: $132,490.00Sales Expenses: $17,000.00Loan Balance: $55,004.72Total Invested Capital: $35,950.00Profit: $24,535.28I agree with his thought process here when he calculates net profit, but I'm trying to verify the net profit by adding up all the sources of income over the past five years in his example by doing the following:Appreciation over five years=$12,490 (see chart on Page 133).Cash flow ($297.73x12x5)=$17,863.80 over five years.Loan paydown: ($60,000-55,004.72)=$4,995.28 over five years.Sales Expenses are still $17,000.Doing the math, profit= $12,490+$17,863.80+$4,995.28-$17,000=$18,349.08There is a $6,186.20 difference from the net profit he calculates.My question is: Is this $6,186.20 difference due to the forced appreciation gained in the property from the rehab he does in this example?
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3 December 2024 | 22 replies
I didn't, and the people at Eagle Rock, who approved permits and necessary utility connections, were not very cooperative, which made the process more stressful than it had to be.I've seen lots listed on Zillow and the Aggressive Real Estate web site.
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1 December 2024 | 93 replies
@Tony Nguyen @Mark Allen @Gino Barbaro i am in the process of creating a Pitchbook and would love to see the examples you guys have, if you could send a copy over to me, i would really appreciate it.
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19 November 2024 | 10 replies
Eviction and foreclosure are two common real estate processes where you always want to use a lawyer from beginning to end.
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2 December 2024 | 3 replies
I would have focused on what I needed to do at critical junctures in the process.
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20 November 2024 | 18 replies
How many times a year do you go through that process?
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30 November 2024 | 12 replies
Also want to add that she had multiple violations such as having a dog with her while her contract states no pets and she was contacting repair facilities and acting as my agent or pretending to be a property owner and interfering with repair process.
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2 December 2024 | 5 replies
I’d like to have someone review the property and help identify specific areas that may need to be brought up to standard before I proceed with landlord registration for the program.Additionally, I’d welcome any advice, suggestions, or insights from those with experience in this process.
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2 December 2024 | 10 replies
If Tenant fails to establish a utility account, becomes delinquent, or is disconnected for any reason during the term of this Agreement, Agent shall charge Tenant for the actual cost of utility use plus a $25 Administrative Fee for each invoice processed by Agent.
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29 November 2024 | 7 replies
Often there is a process to withhold rent and deposit it with the court until the issue is resolved.