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14 August 2024 | 0 replies
I own a lot on Gause Blvd. in Slidell, LA which measures 30 x 280.
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14 August 2024 | 1 reply
It helps determine if the project will meet the desired profit margins.CoC (Cash on Cash Return): I find this particularly important for fix-and-flip projects, as it measures the actual cash return on the cash you’ve invested, giving a clear picture of short-term profitability.Cap Rate (Capitalization Rate): While more commonly used for rental properties, it’s useful in understanding the potential income from a property relative to its price.IRR (Internal Rate of Return): This is a great metric for longer-term projects or those with varying cash flows, as it takes into account the time value of money.Some investors might overlook metrics like AAR (Average Annual Return) or EM (Equity Multiple) if they’re not as relevant to their specific strategy.
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20 August 2024 | 452 replies
They measure the loan on different things.
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19 August 2024 | 244 replies
It's a measuring tool or an efficiency tool to start research.
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12 August 2024 | 16 replies
@Rob Bergeron are these going to be section 8 type inspections or will they be more of just a safety check?
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19 August 2024 | 3705 replies
It's fear based which is a safety mechanism.
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14 August 2024 | 26 replies
My investor only had to do repairs from the section 8 inspection that he normally would need to do for the safety of his tenants.
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14 August 2024 | 84 replies
There are many benefits with section 8 in order for the tenant to be placed in one of my properties they go through a process with the committee then when living in the property they need to abide by lease rules and keep the property in shape, if major damage is made or neglect to the property by the tenant they may losE their voucher from section 8, so it’s a very good idea to go this route and food for thought you always know your property is up to date safety wise and livable with annually inspections.
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13 August 2024 | 11 replies
Read this book first - https://www.amazon.com/Every-Landlords-Property-Protection-Guide/dp/1413307000 - before getting into more complicated and expensive measures of protection.
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14 August 2024 | 134 replies
We did one smart thing--we financed with long-term debt and we used low leverage (60% +/-) so we have a wide margin of safety and no threat of a loan maturity until 2031, so we have plenty of time to ride this out until the next market cycle.