
3 October 2024 | 9 replies
My company operates as both a brokerage and a property management firm, so we have access to deals that don’t always hit the open market.

7 October 2024 | 8 replies
Most cost segregation study firms operate at a national level where they will send a professional to your property to generate the report.

6 October 2024 | 8 replies
I know there are many property management programs available, but I feel these are geared more toward operating the properties rather than tracking a portfolio.

7 October 2024 | 6 replies
REI offers steady cash flow, appreciation, and tax benefits, while business acquisitions, similar to the BRRRR method, can provide higher returns through operational improvements but carry more risk and require hands-on management.

30 September 2024 | 15 replies
In running the numbers I’m making assumptions about many operating expenses.

30 September 2024 | 5 replies
It's a great question because it may be difficult to find these operators since they can't advertise their deals.I'm looking forward to seeing who comes up on your listThanks for the questionGino

6 October 2024 | 3 replies
I'm focused on small to mid-sized multifamily properties in south central and eastern NC, and I’d love to connect with others that are actively investing and operating in these areas.

5 October 2024 | 7 replies
For a $300,000 property, this could be $6,000 to $15,000.Mortgage on Rental Property:Loan Amount: $240,000 (assuming 80% financed at 4% interest over 30 years).Monthly Payment: Approximately $1,145.Other Expenses:Property Taxes: Estimated at 1.5% of property value annually ($4,500).Insurance: Estimated at $1,500 annually.Maintenance: Estimated at 1% of property value annually ($3,000).Property Management Fees: Assuming 10% of monthly rental income ($2,400 annually if rent is $2,000 per month).Vacancy and Turnover Costs: 5% of annual rental income ($1,200).Total Initial Investment and Annual Operating ExpensesInitial Investment:Total Borrowed from Equity: $150,000Down Payment for Rental Property: $60,000Closing Costs for Rental Property: $10,500 (average)Total Initial Cash Outlay: $70,500 (initial investment from equity) + $10,500 (closing costs)Annual Operating Expenses:Property Taxes: $4,500Insurance: $1,500Maintenance: $3,000Property Management Fees: $2,400Vacancy and Turnover Costs: $1,200Total Operating Expenses: $12,600 annuallyExpected ReturnRental Income:Assuming $2,000 per month, annual rental income = $24,000.Net Operating Income (NOI):Annual Rental Income: $24,000Minus Annual Operating Expenses: $12,600NOI: $11,400Debt Service:Mortgage Payment on Rental Property: $1,145 monthly, $13,740 annually.Total Debt Service: $13,740 (rental property) + $8,592 (equity loan) = $22,332 annually.Net Cash Flow:NOI: $11,400Minus Debt Service: $22,332Net Cash Flow: -$10,932 annually (negative cash flow initially due to high debt service).Cash-on-Cash ReturnInitial Cash Investment: $70,500Net Cash Flow (first year): -$10,932Cash-on-Cash Return: Not applicable initially due to negative cash flow.Long-Term Appreciation and AdjustmentsProperty Appreciation:Assuming a 3% annual appreciation, the property value could increase by $9,000 annually.Rent Increases:Assuming a 2% annual rent increase, rental income will rise, improving cash flow.

6 October 2024 | 1 reply
These moves could spur further economic growth in the area, create jobs, and possibly attract more tech investments, all of which could have ripple effects on commercial real estate and local housing markets.For investors, this development could present opportunities in both residential and commercial real estate, especially with the potential influx of new employees and businesses to support these expanding operations.

7 October 2024 | 35 replies
Looks like they are not transparent about who they are or how they operate.