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26 January 2025 | 33 replies
So my question is how can/should LPs verify the lip service GPs give on their experience and handling of this space?
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30 December 2024 | 1 reply
Here's the breakdown of rental income and expense analysis:1.Annual Gross Income: $25,800 (Monthly rent of $2,150 x 12)2.Annual Expenses: $25,800 * 0.40 = $10,3203.Annual NOI: $25,800 - $10,320 = $15,4804.Annual Debt Service: $10,680 (Calculated previously using a mortgage calculator with a loan of $131,775, 7.25% interest, and a 30-year term)5.DSCR: $15,480 / $10,680 = 1.45 (approximately)
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26 December 2024 | 9 replies
Most cleaners are willing to do this, so you shouldn't have to deal with a 3rd party commercial laundry service.
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1 January 2025 | 26 replies
I am not acting in an agents role as I am providing the service to help the owners sell their assets, while enabling the buyer to acquire cashflow positive deals that banks are not providing with current rates.
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1 January 2025 | 12 replies
If it's going to continue to be a 3 unit building, it would make sense to add another service.
31 December 2024 | 8 replies
You can always leverage rentals within their ability to service the debt.
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24 December 2024 | 3 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!
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16 January 2025 | 31 replies
I don't know if they still do that service but that was also nice.
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25 December 2024 | 2 replies
You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.
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27 December 2024 | 2 replies
•Systems: Servicing the HVAC system, replacing the water heater, and updating the electrical panel.The renovation was completed in 13 weeks and totaled approximately $35,600.