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25 August 2018 | 1 reply
Can someone please share their creative strategy for finding funding/capital?
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25 August 2018 | 6 replies
Was trying to come up with a creative solution but I don't think I can justify the $645.
27 August 2018 | 8 replies
I am really looking for a creative way to bring the investor in, pay a good return, but have an out for both parties at some point that is mutually beneficial.
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6 March 2019 | 3 replies
Prepared By Key Investment Criteria Client Name Max Offer $ 425,000 Property Address Down Payment $ - Number of Units 12 Cash Flow (Per 100K) $88.30 List Price $ 425,000 % of List Price Cash Flow (Monthly) $ 375.29 Offer Price $ 425,000 100% Total Cash In $ 10,000.00 ARV/Appraised Value $ 450,000 Debt Service CR 1.16 Pref >1.2 Discount (%,$) 0% $ - Debt Yield Ratio 7.65% Pref >10% Purchase Price (Max Offer Price) $ 425,000 Cap Rate 7.47% Pref >8% Percent Down 0% LTV 1.00 Pref <.75 Down Payment Amount $ - Rent/Price Ratio 1.35% Pref 1.25% Amount Financed $ 425,000 COC ROI Year 1 218.0% Interest Rate 5.20% (Exp+Int)/Income 84% Costs of Repairs $ 5,000 Gross Rent Multiplier 6.3 Pref <9 Closing Costs $ 5,000 COC Return 45.0% Pref >10% Total Cost $ 435,000 Break Even Ratio 93% Pref <85% Length of Mortgage (Years) 30 Expense Ratio 53% ~50% Payment Monthly Annual ARV-Total Cost $ 15,000 Monthly Mortgage Payment $2,333.72 $ 28,004.65 % Investment of ARV 96% Pref <75% 10 year Return 65% $284,164 Rental Income Monthly Annual 15 Year Return 113% $490,037 Unit A (10 unit Apt) $ 4,550.00 $ 54,600.00 20 Year Return 172% $748,269 Unit B (Duplex) $ 1,250.00 $ 15,000.00 Unit C $ - $ - DSCR greater than 1.45 1.16 Unit D $ - $ - Standardized Cashflow >180 $88.30 Gross Rental Income $ 5,800.00 $ 69,600.00 LTV less than .76 1.00 Vacancy Rate 8% ROI year 1 greater than 20% 218.0% Net Rental Income $ 5,336.00 $ 64,032.00 Expense ratio between 45 and 55% 53% Positive initial equity $ 15,000 Expenses Monthly Annual 15 year return greater than 115% 113% Property Management Fees $ 320.16 $ 3,841.92 6.0% Total Cash In Less than 50K $ 10,000 Leasing Costs $ - $ - 0% DYR greater than 9% 7.65% Maintenance Reserve $ 750.00 $ 9,000.00 Utilities $ 375.00 $ 4,500 PropertyTaxes $ 640.17 $ 7,682.00 Insurance $ 325.00 $ 3,900.00 Other (Snow, Lawn Care, Trash, etc) $ 216.67 $ 2,600.00 Total Expenses $ 2,626.99 $ 31,523.92 Net Operating Income $ 2,709.01 $ 32,508.08 Mortgage Payment $ 2,333.72 $ 28,004.65 Total Cash In (Downpayment + Repairs) $ 10,000.00 Net Cash Flow $ 375.29 $ 4,503.43 Investment Analysis Appreciation Rate (20 YR AVG = 4.4%) 2.5% Rent Appreciation (20 YR AVG = 3.1%) 2.5% Cost to Sell Property 0.0%
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29 August 2018 | 5 replies
I have spent a great deal of time the past month preparing to take the plunge into real estate.
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25 August 2018 | 2 replies
A lot of my cash is tied up in a pending deal that I hope will sell soon.With that said, who has creative ideas about how I can come up with cash and get it fast!?
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11 November 2018 | 7 replies
My name is Jeff Neves, currently located and preparing to start investing in Sacramento CA!
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27 September 2018 | 7 replies
Moving forward, I will have to get more creative with my financing.
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7 September 2018 | 7 replies
@Tony AsbilleI used buildium before.. it's excellent but can be very sophisticated at times.. preparing financial statements is amazing
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5 September 2018 | 14 replies
MY WHY: I grew very frustrated with not having enough time to do the things that are most important to me (mainly spending time with loved ones and tapping into my creative side).