
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?

1 December 2024 | 377 replies
Your informative account has helped fill-in a few progress blocks in my own process.

3 December 2024 | 10 replies
I concur with Robin's comment about the DSCR loan, but it can be an intimidating process.

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.

25 November 2024 | 0 replies
Ongoing construction projects valued between $26 billion and $30 billion fuel employment opportunities.

30 November 2024 | 2 replies
., missing property taxes or HOA fees), unreliable rent estimates, and the time-consuming process of manually calculating metrics like cash flow or ROI.Platform Preference: A web-based platform would work well for in-depth analysis, but a mobile app would be crucial for on-the-go research and quick evaluations, especially when touring properties.Wish-List Features: A tool that integrates local market data (rental demand, appreciation rates, or vacancy rates) and offers scenario modeling (e.g., "What happens if I increase rents by 10%?")

5 December 2024 | 48 replies
Have you checked the local regulations if STR are permitted in that market and what the process is?

29 November 2024 | 7 replies
Often there is a process to withhold rent and deposit it with the court until the issue is resolved.

30 November 2024 | 3 replies
Still in the process of figuring out which one is the best option.

29 November 2024 | 3 replies
Hey BP,I'm diving deeper into market research and looking to build a reliable process for identifying market metrics, data, and trends.