
18 September 2015 | 5 replies
Unfortunately, as the letters were machine processed at the USPS, the sorters managed to break up the the tylenol tablets......so the letter recipients were opening their mail to find this suspicious white powder.

26 August 2015 | 2 replies
Example Of A Duplex Deal$50,000.00 All In w/ 20% Down Payment:Purchase Price$44,000.00 Closing Costs$1,000.00Repair Costs$5,000.00Total Costs$50,000.00Income:1 Bedroom upper$525.002 Bedroom lower$625.00Total Monthly Income$1150.00Expenses:1st Mortgage, 80% ($35,200.00 at 6% interest over 25 years)$227.002nd Mortgage, Private Investor Funds ($14,800.00 @ 11%)$136.00Taxes$150.00Insurance$70.00Utilities (water & sewer) $40.00Vacancy Rate (10%)$115.00Repairs and Maintenance (5%)$58.00Capital Expense (3%)$35.00 Property Management Fee (10%)$115.00Total Monthly Expenses$946.00Cash Flow:Income$1150.00- Expenses-$946.00Monthly Cash Flow$204.00Example Of An 8 Unit w/ 10% Seller Financing8 Units at $224,000.00 all in:Purchase Price$208,000.00Closing Costs$1,000.00 Repair Costs$15,000.00Total Costs$224,000.00Income:8 units at $600.00 each$4800.00Coin operated laundry on site$100.00Total Monthly Income$4900.00Expenses:1st Mortgage, 80% ($166,400.00 at 6% interest over 25 years)$1073.002nd Mortgage, 10% Seller Financing ($20,800.00 @ 10%)$174.003rd Mortgage, Private Investor Funds ($36,800.00 @ 11%)$338.00Taxes$450.00Insurance$150.00Vacancy Rate (10%)$490.00Repairs and Maintenance (5%)$245.00Capital Expense (3%) $147.00 Utilities (water & sewer) $300.00Property Management Fee (10%)$490.00Total Monthly Expenses$3857.00Cash Flow:Income$4900.00- Expenses$3857.00Monthly Cash Flow$1043.00Example Of A 50 Unit Deal50 Units at $1,350,000.00 all in:Purchase Price$1,150,000.00Closing Costs$2,000.00 Repair Costs$198,000.00Total Costs$1,350,000.00Income:50 units averaging $610.00 each$30,500.00On site coin operated laundry$500.00On site vending machines $100.00Total Monthly Income$31,100.00Expenses:1st Mortgage, 85% ($977,500.00 at 6% interest over 25 years)$6,298.002rd Mortgage, Private Investor Funds ($372,500.00 @ 12%)$3,725.00Taxes$3,000.00Insurance$1,000.00Vacancy Rate (10%) $3,110.00Repairs and Maintenance (5%)$1,555.00Capital Expense (3%)$933.00 Utilities (water & sewer) $2000.00Property Management Fee (10%)$3,110.00Total Monthly Expenses$24,731.00Cash Flow:Income$31,100.00- Expenses$24,731.00Monthly Cash Flow$6,369.00Financials

12 September 2015 | 36 replies
You are a pro with a well oiled machine of connections, strategy, financing and market experience.
31 August 2015 | 2 replies
They are related parties so the quick answer is no on anything to do with a 1031.However the other thing to consider is that by the time you completed all those machinations and paid tax on the 30K and closing costs etc you wouldn't be sheltering much more in a 1031.
20 November 2016 | 8 replies
Moving from architect/developer to investing should be a smooth and fruitful transition for you.

1 September 2015 | 4 replies
Having been involved in "general contracting" for the past year and a half becoming stagnant and not seeing much fruit from the business, real estate ended up being the next logical pivot point in my entrepreneurial career.

28 February 2020 | 15 replies
Ultimately this game is one of relationships and excellence, and if you want to grow the relationship with a particular agent, an ON-market deal that you know the numbers on (and therefore are bound to be a low-maintenance buyer) is low-hanging fruit for that relationship.I'm hopeful that this angle is helpful to you.

6 September 2015 | 5 replies
I love my house in Davie so much due to great neighborhood, pool, fruit trees, etc.

11 September 2015 | 13 replies
Just thinking about how the machine works here...

22 June 2015 | 32 replies
I would use a professional grade ozone machine to remove any odors.