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11 February 2025 | 11 replies
A bit about my situation and motivation for getting into real estate investing...I have a full-time, high paying W2 job as a specialist physician that I generally enjoy but would like to be able to supplement my income over the next 8-10 years if/when payments decline in medicine.
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12 January 2025 | 23 replies
The issues can be local so look for someone in your area who is posting and try to contact.
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4 February 2025 | 87 replies
The other is the "full-Monty", your a partner to the end.
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11 February 2025 | 6 replies
Seems like getting the license is a means to an end for you, and not necessarily because you want to become a full time PM.
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18 January 2025 | 13 replies
Keeping it CasualIf you only find toys once in a while, you might not want to open a full-on toy shop.
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12 January 2025 | 28 replies
Risk that the IRS will challenge it, which is far more likely than with a full-service professional report3.
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3 February 2025 | 0 replies
A well-structured deal with a clear exit strategy can be just as valuable as a full rehab.
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13 January 2025 | 17 replies
Here's a breakdown of the situation:Current Occupancy: 80% (16/20 units occupied).Current Gross Rent Roll: $14,265/month.Market Rent Potential: $17,665/month (100% occupancy).Renovation Needs: 15 units require full renovation ($10K/unit), 4 units are 75% renovated ($2.5K/unit), totaling $160K in renovation costs.Vacancy Loss: $41,820/year in lost income due to current vacancies.Cap Rate AnalysisThe seller lists the cap rate as 9.59%, but this is based on the projected NOI of $119,858 (assuming full occupancy and market rents).
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1 January 2025 | 12 replies
Quote from @Kendric Buford: Hi, still new to the forums, please pardon any oddities in my post.