I stumbled across a parcel of land that seemed to have potential, and I performed the requisite preliminary market demand and economic feasibility analysis.

& Credit Loss (5%): $1,734 (I include the laundry income in this calculation because it is safe to assume that when you experience a vacancy, you will experience an equivalent proportionate loss in laundry usage).Gross Operating Income: $3,2946RE Tax: $5,237Insurance: $1,200Lawn: $870Fuel: $636Electric: $240 (seems low for 12 months of laundry)Water/Sewer: $2,029.94Property Management (10%): $3,294.60Repairs & Maint (5%): $1,647.30Total Expenses: $15,154.84OER: 46% (Lower than 50%, yes, but the 50% rule is for quick assumptions and somewhat worse-case. 46% is realistic for a multifamily, but you still need to verify all of the known variables to be accurate).NOI: $19,525.16CAP (assuming $245,900): 7.94%Now, I don't know the prevailing CAP Rates for 3-families in that part of Manch, but I would have thought they would be better; thereby suggesting that the price is too high.Cash Flow: I'm going to have to make some assumptions here.

Hello everyone,I'm excited to finally be back in business, it might have taken longer than expected but I'm finally here.I was wondering if anyone have ever used Home Depot Home Services to perform the renovations or any other services.

Lately stocks have not been performing that well.  

From what I keep reading they state that agents, brokers, property managers, etc are major resources for finding data that I could use/crunch to determine property value more accurately.  

This can begin with an informal process where they will actually visit the property so they can complete a more accurate appraisal and often results in a reduction if there were issues with condition, functionality, or external factors they had not considered originally.

If I choose some one with little experience I am doing that to groom them to become a top performer.. other wise need lots of expeierence I think the biggest thing I see from those that are not use to HML or trying to get into flipping is1. thinking that HML are only asset based..

You are allowed to act as an agent of your Ira (eg arranging for a contractor to perform work), but doing the work yourself will jeopardize the tax benefits of your ira's portion of the asset.

Hi BP community,I am doing wholesales in New Jersey, and I came across this possible deal in Sparta.The problem is that I need a contractor that can give me an accurate estimate of repair costs, so I can offer a good deal to my cash buyer.If there is no  contractors in Sparta, it is fine.

would consider a performing asset:)...What I guess I am saying is that per next Tuesday I'll be up to 18 units, and I would never have been able to do that if I was not seriously cash flowing.