
5 October 2024 | 2 replies
., but we thought initially it would be best to offer a cash down amount($20,000) and then offer a percentage of revenue over a three year time frame. (50% of management fees collected: yr1, 30%: yr2, 20%: yr3) until the balance of the "acquisition" price was met.Again I know I've left out a lot of info but this was just to hear some ideas or previous experiences.Some generals:Approx. 100 doorsMost are 2yr leasesMost are long term clients of the current companyAverage rent of $2300Thanks in advance and have a great weekend!
5 October 2024 | 4 replies
These little to no document products are not common at all.I wish they were, that would make my life doing cash out refinances a whole lot easier.

4 October 2024 | 14 replies
I have recently found projection lab and figured I would play with it to see what insights it could provide.

4 October 2024 | 4 replies
As of today, she still hasn’t made any payment and owes around $5kI have contacted a few companies that a lawyer provided me, but they all only deal with major portfolios.

2 October 2024 | 6 replies
You can upgrade location, year built, and cash flow through a 1031 exchange.

4 October 2024 | 27 replies
I have created a spreadsheet for quick analysis (with the 2% rule, 12% cash on cash, total ROI of 15% per year, etc) and have just been analyzing any Zillow deals that pop up.

5 October 2024 | 2 replies
I would reach out to your tax guy and see if he can provide some guidance.

6 October 2024 | 2 replies
. - If I were to find some creative renter solution and low-ball the market rent at $1700, I could only put in about $180K total assuming a conventional mortgage to generate acceptable cash flow.So, apart from increasing rent and managing the property myself what are ways that I could make something like this work?

5 October 2024 | 15 replies
Hey @Laura Sawicki, I second @John Underwood's comment about getting the actual Schedule E from the owners to validate all revenue that was reported to the IRS.No way I would rely on just a report they provided.

4 October 2024 | 4 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!