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16 December 2022 | 2 replies
@Ty Jarnagin Ty, a good business plan starts with a good pro forma that analyzes and reports financial performance on a project and stakeholder level.The business plan should be based on pro forma snapshots that support the narrative you create to tell the project’s story.The story needs to include total project cost, capital stack, how equity capital is apportioned and profit is shared between the sponsor and investors.All of the above needs to be set and referenced by time which is used to calculate partnership funding obligations and the returns generated to the project and its stakeholders.
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17 November 2017 | 8 replies
They don't have an app for iOS or Android yet but, I know that they're working on it.I love that it's free but, if they did charge a small fee (emphasizing small) I'd still use it and incorporate the extra cost into the rent.
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12 May 2019 | 4 replies
Could anyone who has there real estate business incorporated answer this question: was it hard to finance your first deal and how did you end up doing it?
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13 September 2022 | 4 replies
Should I say yes go ahead and add my unit to the roof project and somehow incorporate the price into when I sell or in the description say it’s under contract and new owner to pay roofing fee?
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30 January 2013 | 1 reply
When purchasing my investment property through an LLC, at what point during the transaction should I incorporate the LLC, with the address of the property as the name of the LLC?
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22 August 2015 | 23 replies
My general rule of thumb is that if you have to ask if you should or should not be doing something, then you probably shouldn't.During my 30+ years in corporate life, one of the things they drilled into us is this: before you say something or write anything in a memo, imagine how it would sound in a deposition.
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15 September 2015 | 22 replies
Yes, should work fine.Please keep in mind that this is just a single metric regarding leverage (there are other interesting ones such as DSCR, which is basically the same thing except it incorporate all payments to debt service including principal in denominator) and don't forget to do your homework on liquidity and cash reserves.Cheers!
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10 February 2016 | 2 replies
I'm a resident of Virginia but considering to incorporate in Delaware.
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6 April 2016 | 15 replies
I can email you an APOD/proforma spreadsheet that I use that incorporates CapEx, and all other expenses including property management and vacancy etc., debt service, and tax deductions, and gives you the COCR, cap rate (which I know isn't supposed to apply to duplexes but I like to know it for comparison's sake), and net annual income, along with projected appreciation value at different rates over time.Right now, I personally like to see at least 12% COC and a cap rate over 7, after rehab.
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25 August 2014 | 16 replies
I would need to incorporate.