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30 November 2024 | 0 replies
On Page 134, he lists the following when analyzing a deal:Sales Price: $132,490.00Sales Expenses: $17,000.00Loan Balance: $55,004.72Total Invested Capital: $35,950.00Profit: $24,535.28I agree with his thought process here when he calculates net profit, but I'm trying to verify the net profit by adding up all the sources of income over the past five years in his example by doing the following:Appreciation over five years=$12,490 (see chart on Page 133).Cash flow ($297.73x12x5)=$17,863.80 over five years.Loan paydown: ($60,000-55,004.72)=$4,995.28 over five years.Sales Expenses are still $17,000.Doing the math, profit= $12,490+$17,863.80+$4,995.28-$17,000=$18,349.08There is a $6,186.20 difference from the net profit he calculates.My question is: Is this $6,186.20 difference due to the forced appreciation gained in the property from the rehab he does in this example?
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29 November 2024 | 2 replies
Try to narrow down your options to the top 3-4.
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29 November 2024 | 5 replies
Looks to be pretty solid according to AirDNA.
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31 October 2024 | 6 replies
I would like to know if theres a way to word it to where I am providing a space, but it is not considered a bedroom due to no windows and I am not legally bound to whatever the tenant decides to use it as.
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29 November 2024 | 3 replies
Anything from public datasets to premium tools or software would be helpful!
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7 November 2024 | 3 replies
Looking for advice on renting to an individual on a rental assistance program through the government.
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7 November 2024 | 7 replies
If you don't need to sell to buy out there, you want to see what your cash flow would be when you leave before making a decision.
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30 October 2024 | 0 replies
Even if you want to invest a year from now, cleaning up your money is the most important thing to do.
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29 November 2024 | 1 reply
An LLC requires time and money to create and maintain, every year.