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4 July 2024 | 8 replies
Purchase price: $1,800,000 Cash invested: $960,000120ft tunnel carwash with 3 detail bays and an upstairs business office. rebranded the carwash business to match the same name and logo as two other carwashes and offered a joint monthly unlimited wash pass that was usable at any of the three wash sites!
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3 July 2024 | 1 reply
cost: 1,300/mrunway: 4 months = 6,800spread: 1900all in cash: 138,800Income a year: 22800/y ÷ all in cash = coccoc: 16.43%seller sees offer: 250,000sub-to 120,000sell fin: 500 w/ 0% intrest term: 13.33 yearsdown: 50,000
3 July 2024 | 2 replies
Then subtract your debt service to get your cash flow.Income taxes will be taken out of your cash flow based on which income bracket you fall in.
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3 July 2024 | 24 replies
If you're positively cash flowing with a prospective property, don't wait.
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4 July 2024 | 8 replies
When people here send me private messages or ask me on a call, one of the many things I'd tell them if they want to buy pre-construction is to check the developer's construction license and that it complies with the zoning rules (and I'll tell them if I know what those are).You woudn't believe the amount of people that are ready to put a sizeable amount of cash on the table but won't spend the little extras needed to make sure they don't lose it.
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4 July 2024 | 3 replies
An annoying fee, yes, and eats into cash flow and profits which is why you likely started on this endeavor, but the lengths people go to try to avoid what is, in the end, only $800 seems excessive sometimes.So, we don't have all of the facts or copies of any documents here, but generally, a trust only governs any assets that it owns.
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3 July 2024 | 8 replies
I used cash for these properties .
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3 July 2024 | 7 replies
I can only speak to our area, but if this is a county auction you're talking about the cash for the house is due the next day.
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6 July 2024 | 25 replies
They cash flow well though so it is what it is.
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3 July 2024 | 3 replies
If you do refinance, the three things that will affect your cash flow are the amount of the mortgage, the interest rates and the length of the mortgage.