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23 January 2025 | 15 replies
@Jason Wray, I totally agree with @Brandon Croucier's comments.
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12 February 2025 | 6 replies
Total enrollment of 2021 was upwards near 50,000 students.
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15 January 2025 | 24 replies
Brian Davis: @Don Konipol I totally agree.
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22 February 2025 | 14 replies
I’d recommend interviewing a handful of companies, asking for referrals, and making sure the team you choose has a multi-layer review process—so it's not just one person handling your books, but a team with oversight and checks & balances.And totally agree with @Markus Shobe: you get what you pay for!
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27 January 2025 | 7 replies
Quote from @Jeffrey Bourque: Hello All, I am new and this is my first attempt at purchasing a property with the intent to create monthly cash flow.The property: Triplex Listed at $140,000 - Total monthly rent income $2,150 - Tenants want to stay and are all willing to sign new leases for 3 years - 8 beds 5 baths and 3,500sqft livable space on a 4,800sqft lot - Heat and electric paid by tenants and water trash paid by owner $180 month - I have managed to talk the selling price down to $105,000 with a kick of $10,000 for closing and commissions so $115,000 all in - Building is in fairly good shape according to pictures and questions but have not done a inspection yet - some general maintenance repairs are needed according to the seller but nothing that seems to bother the tenants. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.
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4 February 2025 | 24 replies
@Todd Anderson totally agree on finding a mentor in the market to learn from.
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31 January 2025 | 6 replies
It's simple enough to make a row for income, and another for expenses, and then subdivide those expenses, and add them up in the total expenses cell and then subtract the gross income from those total expenses to get my net.
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11 February 2025 | 4 replies
List of Licensed Agency Multifamily Lenders: Who to use, who to avoid, why you don't need a broker to secure agency debt.
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12 February 2025 | 20 replies
For example: would you want to do 2 flips in a year and make 140K on each for a total of 280K.