
22 November 2024 | 1 reply
What is your process for underwriting a rental by adding an ADU (addition or division)?

2 December 2024 | 7 replies
It would typically be negotiated in cases where the developer or engineer is adding significant value through their expertise, connections, or risk management

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?

25 November 2024 | 4 replies
Adding amenities like power, water, and a barn or pavilion could increase its value as an event space.Farm-to-Table Experiences: If agriculture is possible, create an on-site farm-to-table business where people can visit, harvest, and eat fresh produce.

6 December 2024 | 21 replies
Whenever something pops up that you need an extra opinion on just ask the investor what he would do and take action.

28 November 2024 | 13 replies
Even if they can rent your place for $250/nt all-in, can they afford the extra $2 grand+ to get there and back?

28 November 2024 | 23 replies
The one thing I don't like about OR is that they have "premium" features that just keep adding up.

25 November 2024 | 8 replies
From what I've read, some electric providers might not charge for the new service upgrade itself, but adding the meters, connecting the upgraded service and adding/updating panels would require an electrician, which would incur costs.If anyone has experience with this type of electrical service upgrade, particularly in Chicago, I would appreciate your advice and any information on costs and the process involved.

29 November 2024 | 2 replies
I see you've added a deal already which is a great start.2.

9 December 2024 | 38 replies
I’ve had a solid credit score over 800 for years but recently as I’ve added more mortgages it has dropped a little bit.