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6 August 2021 | 71 replies
If you are going to have the coin laundry for future properties also put the camera cost in already to your expense numbers even if the seller doesn't have it.Your model will likely be different from how a current seller runs it.
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2 February 2019 | 8 replies
I'm working on my business plan for wholesaling; specifically the financial model section.
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23 January 2014 | 7 replies
I'd suggest that you evaluate the historical financial performance of the property and use that actual performance to create your financial model, and then see if you still think it's a great deal.If the 126 unit was built 30 years ago, it's probably class C or perhaps a B at best.
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13 May 2016 | 7 replies
So my question is for those investing in the Turnkey model (such as myself).
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31 January 2013 | 14 replies
Decide wrong and you've got an expensive dud on your hands.Once you do one though, then you can replicate the model and the process becomes easier.
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27 May 2016 | 12 replies
Scott:If you are simply looking to analyse a property, create a budget or model cash-flow, then there are lots of spreadsheet templates available ... or, at least enough bits and pieces to get you started on building your own.If you want to keep the books of your business, then you will be best served to get a basic accounting package (QuickBooks, MoneyWorks, etc) even if you have only one property (at the moment).Ask your accountant if they have a preference as they will be more accustomed to importing data from certain packages into their system.
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29 January 2016 | 22 replies
There is one on the market that's the same model as the one I have that's asking $738K.
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14 February 2016 | 53 replies
This goes back to her business model which we don't know.
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12 October 2015 | 9 replies
I shared with you my perspective on financing my flips of rural and recreational land, a niche that is very different from most other real estate business models without bothering to ask what it was you are trying to achieve.
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13 October 2015 | 15 replies
There should be a sticker on the tank right next to the gas valve that explains how to turn the gas valve off.There should be a sticker on the tank with the model number and date of manufacture.