Andrew Taylor
This Seems Like a Winner: What Say You, BP?
12 April 2016 | 23 replies
I'm closing in on my first REI deal, and I think I found myself a doozy.Sales price $2.6m20% DP = $520kClosing Costs = ~$39kLoan Amount = $2.119mGSI = $385,095Gross Income = $365,840Expenses = $140,778NOI = $225,062CAP = 8.66%COC = 13.88%Total ROI = 41%Cash Flow = $77,589/yrI've included allowances for vacancy and maintenance at 6% of rents, and the actual property management fees paid in FY 2015.
Cory Ward
my first deal attempt
1 June 2018 | 3 replies
So i have been trying to get into real estate investing since December of last year. i went to a 3 day boot camp which i believe i spent too much on for the inf i got. i recently discovered bigger pockets and have spent every waking moment listening to the podcasts along with a couple of audio books. i recently decided to pull the trigger on my first deal. i plan to use hard money loans and potentially some private money for gap funding assuming my offer will get accepted. i have hit a road block (kinda) and would like some advice. i was told by my realtor that i need proof of funds before putting in the offer. now since i did the 3 day boot camp for the nick vertucci real estate investing i was told i could get pof through them. i would like to avoid using that unless that is the best method.... how do you show proof of funds when you plan on using hard money plus other funding?
Collin Baumann
How to address tenant violating lease?
26 August 2020 | 7 replies
We have had reports of them vaping on the property which violates our lease2.
John Hill, Jr.
Section 8 is so easy.... On Paper...
25 March 2019 | 10 replies
(Whatever answer they say, mentally in my mind I always know there will be at least one other "adult" there)Do you smoke....anything....vaping, MJ, cigarettes, etc.
John McKee
Would you do this NNN deal?
18 October 2023 | 14 replies
Other ground floor retail condos are all occupied such as a salon, Fedex store, vape shop and this cafe that I'm talking about.
Molly Morlino
Eviction Due to SMOKING lease violation
11 March 2020 | 31 replies
This restriction includes the use of e-cigarettes and vaping.
Jinky Penor
Do You Require HEPA Air Filters for Tenants Using Medical Marijuana?
4 October 2023 | 4 replies
Smoking is considered cigarettes, cigars, pipes, hookahs, water pipes, vapes, e-cigarettes, and any other like kind instrument that produces smoke or vapor, regardless of whether tobacco or other consumables are used.
Simon Says
Smoking weed in the unit
3 October 2023 | 7 replies
It specifically states that all my buildings are no smoking and that includes cigarettes, pipes, tobacco, vapes, marijuana, medical marijuana, and any other smoking products.
Redgy Saint-Germain
Is your rental " pet friendly" ? if no why not?
22 June 2018 | 63 replies
Love- and drug-, apologies, cigarette/vape “addicts” (fans) will pay for their “freedom”.
Kyle Perry
Legal Weed: To Allow or Not, that is the question
16 October 2019 | 23 replies
That includes cigarettes, vaping, candles, incense and even open grease cooking.