
8 March 2024 | 1 reply
Net Operating Income is simply your income left over after all business expenses, not including principal, interest, or any reserves (since those aren't expenses yet).

8 March 2024 | 2 replies
Does anyone know of a way that I can service the loan myself with some great software out there that's not crazy expensive?

5 March 2024 | 6 replies
When you draw down the reserve you count it as income but offset it with the expense causing the draw.

8 March 2024 | 5 replies
A detailed budget factoring in potential unexpected expenses should be considered.

8 March 2024 | 3 replies
:) It did help , I saw that I can make the LLC in Wyoming its not gonna be expensive and they provider that am going to use provide with a relay back account I think that's the bank name I know its not gonna be the best but it gonna give me a humble start non the less

8 March 2024 | 2 replies
Need the ability to adjust rent escalations, NNN expenses etc on an ongoing basis without chasing tenants to make updates.

8 March 2024 | 8 replies
To manage risks, some investors employ an LLC in addition to insurance.There are expenses associated with running an LLC, such as yearly fees, registration fees, and even legal fees.
9 March 2024 | 17 replies
They will often want a new building constructed and building today with labor and materials is very expensive versus retrofitting existing building.When I buy value add vacant buildings the goal is to double the return on investment within a 3 year period.So if I can use the existing building and retrofit to same concept ( example previous burger inc. but now Whataburger wants to come in ) then not as much tenant improvements to convert.So if rent 20 a foot for 5,000 ft that is 100k NOI NNN a year. 7 cap value is about a 1,400,000 stabilized valueSo if I buy it for 400k and have 300k in it more 700k to get new tenant in the value is then around 1,400,000 based on NNN 20 a foot and a 7 cap rate exit value.If you want a premium price then you would need to sell to an end user tenant ( regional or national in nature) that wants to buy the building and put their concept in there.

8 March 2024 | 8 replies
My accountant told me there are two ways to get a cost segregation study, one being the expensive route where an engineer comes onsite and does it.

8 March 2024 | 4 replies
All I could think about was how we had a house with an $800 mortgage and we could have rented that thing out for 3k and probably cleared about $1,900/month in positive cash flow after expenses.