Asking Price 6,795,000 Gross Rent 611,436 Operating Expenses 233,142 Additional Income 35,800 Net Income 414,094Questions- How do I find a multifamily lender who can help me fund this purchase?

Do you think they would do all that for a crappy 1k...lol They make no money renting out spaces and having employees.

I'm a stucco contractor here in the Bay area and dont make too much money because of 15 employees, however I drive for Lyft a couple hours a day and believe it or not that got my my first rental last November.

According to AirDNA, the analytics broken down are a 60% occupancy with a gross revenue of $32,000.00 in my 1st year.

I am  grossing $93K/year  with an average Cash on Cash of 16.6%.

Gross 6000 monthLake cottage 1 note of at 65 5%.

It takes a lot of time for PMs to build relationships with trusted and licensed vendors in their network.All of this requires time and has overhead costs associated to it (employees).

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

Some people are looking for an instant deal by doing employee level work.

@Michael Weigum what would the gross revenue be on a $150k beach front condo in Myrtle Beach?