Julio Gonzalez
Cost Segregation Study Approaches Explained
31 December 2024 | 0 replies
As this approach uses very little documentation, it is the least reliable methodology in preparing a cost segregation study.To see all of the steps included within each method, refer to Chapter 3 of the IRS Cost Segregation Audit Techniques Guide.What methodology has your company utilized?
Jack Gardner
2 Bedroom / 1 Bath Rent Prices in Northeast Minneapolis
15 December 2024 | 5 replies
I would recommend a custom term that is about 18 months.
Brian Chadwick
Selling one home to get three - smart or stupid?
18 January 2025 | 19 replies
It's been great - the property is 100% paid off and the house is worth 300-340k generating approx $2300/mo (that's after utilities/management fees etc.)I'm considering selling the property to buy 3 more within the same price range in the same market.
Michael Ewers
Marketing Strategy Off Market Leads
12 January 2025 | 21 replies
@Taylor Daschyes, we used propstream with our own custom design. not handwritten but a high quality photo.
Francis Van Steen
Anyone have experience working with Praxis Capitol
31 December 2024 | 14 replies
Bob is very good on the customer support and that being said... they are the only company other than myself that I have invested with basically EVER... as I do my own deals.But I had money stacking up in my SDRA and of course I can't self deal.. so I chose one of his new investments which is more akin to what I like.. quicker turn and high IRR...
Jeff Goedeker
P&L excel template for rentals
23 December 2024 | 9 replies
I use this for tax and insurance which all properties have)Expenses (general business like admin/legal and by unit for repairs, trash, utilities...)EBITDA (earnings before interest/taxes/depreciation/amortization.
Puneet Mahi
Texas or Florida?
2 January 2025 | 10 replies
I get it, but customers never seem to understand.
Joseph Pelensky
$100K+ in Equity, no down payment, how do i buy this deal?
13 December 2024 | 10 replies
I owe roughly $75K.I found an off-market, 6 unit deal that is owned by a customer of mine i'm interested in purchasing.
Kandice Morgenstern
lease clause for tenant expectations/responsibilities during mandatory evacuations
30 December 2024 | 4 replies
Tenants may not occupy residence without utility service except during brief interruptions beyond your control.
Luis Marin
Sell or Rent How do we identify what is best for us?
4 January 2025 | 5 replies
. ==== Projected Income ====**Off Season**-$4,000/Month Rent Period: September - May (7 Months) Projected Income: $28,000**Summer 1**-$8,000/Week Rent Period: June (4 Weeks)Projected Income: $32,000**Summer 2**-$8,500/WeekRent Period: July-September (12 Weeks) Projected Income: $102,000**Optional** (Basement Apartment)-$2,000/Month -Rent Period: Year Round Projected Income: $24,000TOTAL PROJECTED INCOME: $186,000 ==== Operating Cost ====-Mortgage: $84,000 ($7,000/Month) -Utilities: $36,200Gas $6,000 ($500/Month) Electricity $6,000 ($500/Month) Internet $2,400 ($200/Month) Garbage $5,000 (Estimate) Pool $4,000 ($250/Week)Landscaping: $4,000 -Mowing: $2,400 ($150/Week) -Clean Ups: $1,600 (Spring & Fall)-Weekly Turnovers: $8,800 ($550/Week)==== Legal Cost ====Summer Rental Fee: $20,100 (15% of $134K)Sandwich Rental Tax: $6,855 (15% of $45,700) NET PROFFIT: $38,845.00