I'am now on my 4th year with Jerome but no longer am in the 12 month course. instead last year i joined another private group Jerome offers to students that have been apart of the program for a minimum of one year which is running me $30,000 a year which includes another course that dives in deep mostly with Muti-family apartment complexes, Manufacturing warehouses, Commercial Property and even High Rise skylines for people looking to scale their real estate portfolio to a massive level and attain nine figures.I Hope this helps if you have any specific questions or are thinking about joining the program I don't mind referring you to someone! 

@Alex SchumerBookkeeper – Handles day-to-day financial tracking, including expense categorization, reconciliations, and generating reports like P&Ls.

Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.

Weigh out all of the pros and cons (including costs) and make the decision that's best for you.These are merely my opinions and may not be the best advice for you.

Was at one last week that included City of Calgary who did a presentation on legalizing illegal suites and accessory suites in general

I'm trying to raise funds from my family and I am being asked to produce pro-forma scenarios at 2, 5, and 10 years which should include IRR and ROI.

These include drafting offering documents, adhering to ongoing disclosure rules, and audits, which can easily run tens or hundreds of thousands of dollars.

However, the whole point of making money is to live a better life, which includes caring for family.

It's a 3 restaurant package in West Virginia (where we already have a base) and includes 1 piece of real estate.

In other words, your renters have covered a majority of your costs of ownership this year, including covering your debt, and you have to put some additional money in, which raises your cost basis.