Jason Robinett
Sub-metering water on mobile home park
8 November 2011 | 1 reply
My operating expenses are mainly water sewer garbage.
Bienes Raices
Do you have the power on when you wholesale the property?
10 July 2015 | 16 replies
They could have pipes clogged by cement, AC that does not operate, or any other number of issues that can be hidden with utilities turned off.
Kyle Meyers
Blue Kitchen in Rental?
11 November 2011 | 13 replies
"As long as you got the refrigerator out, you might as well sweep underneath it."
Alex K.
Way to get the best possible deal for buy and hold?
14 November 2011 | 7 replies
So I am partial but you should buy from a wholesaler who has a turnkey operation.
Tony Nguyen
How To Find Motivated Apartment Sellers
19 April 2016 | 22 replies
I believe that to address this area; one would need to operationally define "motivated seller."
Greg P.
How many rehabs can a contractor typically handle? Cautious
15 November 2011 | 8 replies
I would just decide an order of operations and let the other properties sit.Maybe give the new contractor 2 jobs and if he does good, give him the others.
Chuck Brickman
Security TrustCheckbook LLC
11 March 2013 | 8 replies
The setup fee should go almost all to an attorney to draft the operating agreement that is specialized for SDIRA LLCs.
Mike Nelson
Can you wholesale Occupied Multifamily Units???
19 November 2011 | 9 replies
Market CAP Rates will vary a bit from region to region for sure, but a good return on investment is sort of set.GOI is Gross Operating Income.
David Beard
Turnkey sellers - why are expenses ignored?
26 November 2011 | 50 replies
You act like we are doing something unethical here but I can tell you that we operate above board.
Shawn Davenport
Duplex Deal Analysis & Potential First Deal
22 November 2011 | 7 replies
. / $4,166.67Annual debt service “DS”Revenues:Monthly AnnuallyRental Income$935$11,220.00 (RI)Vacancy @ 8% ($74.80)($897.60)Net Rental Income $860.20$10,322.40 NRI)Operating Expenses:Property Tax- 1800 (this is being challenged currently, but no ruling at this time)Insurance- 1000 (estimate, I will get a quote on this for sure.)Maintenance- 1200 (Estimate)Utilities- 800 (Estimate)Advertising- 100 (Estimate)Total Operating Expenses (*Very Estimated*) = $4900 (TOE)Net Operating IncomeNRI-TOE= NOI$10,322.40-$4900= $5422.50 (NOI)Total Cash FlowNOI- DS= TCF$5.422.40-$4,166.67= $1,255.73Return on InvestmentTCF/ TCO= ROI$1,255.73/ $5,000= .2511 (25.11%)Cash on Cash (Considering- Down Payment, Upfront Repairs, Closing Costs)TCF/ TCO (W/repairs and closing costs)$1,255.73/ $6,500 ($5,000 DP + $0 Initial Repairs + $1,500 Closing Cost) = .1923 (19.23%)My thoughts regarding this deal: I think the asking price is a little high for the property considering it’s age, condition (off of visual inspection from the street level only), location, what limited comps I could find.