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2 September 2016 | 0 replies
Iv been in car sales for about 5 years and was always top dog at every dealership.
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30 October 2016 | 6 replies
They tend to be really pushy and used incorrect comps to make the quick sale.
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4 September 2016 | 14 replies
I tried to include all the pertinent information below:Rental Income: $13,200Rent: Currently has a tenant on one side at $550 per month without a lease – I’ve made it a condition of the sale that the tenant has either signed a new lease with my property management company or delivers that side vacant; other side is not rented out due to required rent ready repairs; rental comps in the area show between $550-600 (I’m being conservative and assuming $550).Expenses:Vacancy: 10% ($1,320)Property Management: 10% of gross rents ($1,188)Property Taxes: $2,065 ($905 for City of Memphis, $1,160 for Shelby County)Property Insurance: $450 per year Repairs and Maintenance Assumption: 2% of Property Value per year ($980 per year)Utilities: separately metered; all paid by tenant except for lawn mowing at $25 once a month for $300Advertising: 6% (roughly ½ of first month’s rent) $792 per yearDebt Service: Based on $49k purchase + repair price, 20% ($9.8k) down, 5% 30 year fixed is $2,525 per yearLocation:This is probably where most of my concern is coming from: Western edge of Hickory Hill, Memphis, 38115; major cross streets: just SW of Clarke Rd and Winchester RdAcquisition:Purchase Price: $42k, seller to pay closing costsRepairs: $7.5kTotal Acquisition Cost: $49.5kARV: Large range of comps in the area, best guess is $60kFinancial Metrics:Net Operating Income: $6,105Cap Rate: 12.33%Cash Flow: $3,580 per year, $298.33 per month, $149.17 per unit per monthCash-on-Cash Return: 36.5%Do you think it's a good deal?
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6 September 2016 | 8 replies
Judging from nearby listings and sales, it looks like you might be able to get $155k-165k with a full rehab.
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3 September 2016 | 2 replies
You might have to find a small type catch all brokerage that dabbles in residential and small time commercial.These types of firms do residential and a few land sales and occasionally a small gas station or inherited type small building commercial.For the experts that only do one asset class the small deals like this do not make sense as they typically have a lot of (hair) on the deal meaning many issues to work through.
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20 September 2016 | 10 replies
I'm a big LinkedIn guy having been in the sales and marketing field for the last seven years, so I'm not sure if I did it correctly when I first tried since I am very new to BP here.
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3 September 2016 | 1 reply
Percentage of sale price?
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6 September 2016 | 2 replies
From there acquiring a building and attaining a sales license would be neccasary in some states.
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13 September 2016 | 8 replies
Check out if rents and sales prices are appreciating,I don't have any morality feelings about buying a property at the end of the day this is business and it comes down to numbers.
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6 September 2016 | 0 replies
I have strong communication skills and a lot of sales experience due to my printing and solar business.