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13 December 2024 | 2 replies
This is often achieved with written documentation, such as a formal ROW request from TxDOT or other correspondence indicating that condemnation proceedings were possible if no settlement was reached.
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23 November 2024 | 20 replies
Or they can try to find a locksmith (we only have two in this area) and pay $40 - $60 to get in.
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6 December 2024 | 4 replies
A lot of this process depends on your laws regarding STR and Mid term leases/occupancy?
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3 December 2024 | 2 replies
I have preferences but not set on any market in particular.
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6 December 2024 | 15 replies
Its like when my wife says she "gives great men's hair cuts" it's just not true lol @Ian Krysztofiak
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29 November 2024 | 3 replies
Hi Michael, I wish I was posting on this forum sooner to reach out.
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30 November 2024 | 0 replies
On Page 134, he lists the following when analyzing a deal:Sales Price: $132,490.00Sales Expenses: $17,000.00Loan Balance: $55,004.72Total Invested Capital: $35,950.00Profit: $24,535.28I agree with his thought process here when he calculates net profit, but I'm trying to verify the net profit by adding up all the sources of income over the past five years in his example by doing the following:Appreciation over five years=$12,490 (see chart on Page 133).Cash flow ($297.73x12x5)=$17,863.80 over five years.Loan paydown: ($60,000-55,004.72)=$4,995.28 over five years.Sales Expenses are still $17,000.Doing the math, profit= $12,490+$17,863.80+$4,995.28-$17,000=$18,349.08There is a $6,186.20 difference from the net profit he calculates.My question is: Is this $6,186.20 difference due to the forced appreciation gained in the property from the rehab he does in this example?