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28 March 2017 | 12 replies
@Michael Ramos -- First off, thanks for the vote.Full disclosure: I'm in the middle of my first BRRRR project and about to start my second.With that said, here some answers to your questions:Although I do have an LLC, the property is not currently owned under its name.
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24 March 2017 | 10 replies
Hi Michael,Property Value - $225,000Annual Net Income - $10,840Credit Value Amount - 80% LTV = $180,000Length of ownership - 3 yrs.
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23 March 2017 | 4 replies
@Michael Johnson what I found as a rule of thumb is 75 units to be the threshold.The only way to really make that decision is to plug in the numbers and see if you can pat the on-site staff and still remain in the reasonable range of OpEx to Income ratio (%50-%55 for tenants paying bills property and %60-%70 for ABP properties).Every property will reach the balance point at a different number of units based on it's specific income/OpEx situation.
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26 March 2017 | 2 replies
Anthony Onwuanibe, Jeff Charlow of Masters title and escrow, Cohen and Forman, David Pierce of King title.
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10 April 2017 | 9 replies
Michael Beeman Michael, Some fantastic information and useful tips there.
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24 March 2017 | 21 replies
Originally posted by @MIchael Rickerd:Originally posted by @Lee Rimmer:Originally posted by @Jeremy Paschedag:Lee, don't bring your strong accusations here.
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22 March 2017 | 2 replies
Thanks so much Michael!
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27 March 2017 | 10 replies
If you have to go outside Chicago you should stay within driving distance and you need someone local, like @Michael Henry - he also has a background as a PM and GC and knows his way around in Milwaukee.
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24 March 2017 | 8 replies
@Frank Trigoso @Michael Evans @Joe Villeneuve Thank you all so much for your input here.