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5 May 2015 | 2 replies
I watched a Youtube version of the podcast and ended up searching for a question that led to the forum.
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8 August 2018 | 10 replies
Every contractor has a different version of what it means to put food on the table.
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11 June 2018 | 18 replies
Well let me say I didn't read it because I purchased the audio version and listened to the book.
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3 June 2018 | 10 replies
I guess this is sort of a bigger version of that.Still not sure this is the right crypto approach for STR but it'd be interesting to watch.
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27 July 2017 | 5 replies
Must use a licensed contractor.203Ks: A streamlined version.
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13 August 2015 | 6 replies
I've searched a bit and have not come across a post that quite fits an investment opportunity I have been looking into.At the bottom I put a cliffs notes version of the building/surrounding area (probably could have shortened it up, and maybe I'm looking at too many external factors - however let me know)My thoughts - building would be good structurally/mechanically - located in the downtown core - building is already built out into 4 offices and reception area main floor with a kitchenette/half bath2nd floor has 7 offices, 2 baths, 2 storage rooms2 entrances into the building, street parking on 2 sides, building is located across from the local courthouse(Could potentially turn the upper floor into a couple of apartments or one large apartment - rent for 800-1k a mo for one large apt, however rehab $$ would climb - city would be more than willing to change zoning for this and encourages this type of arrangement in the historic buildings - ie office bottom floor, apt top floor)$60k Purchase Price$20k Rehab budgetPotential gross income $2800 per mo (7 offices $400 ea)Guesstimated Pro Forma-- $33600 Gross Income - 7 offices $400 ea (5040) 15% Vacancy (2400) Property Tax (2500) Insurance (6000) Utilities - figured $500 per mo/gas/elec/water- think this is high though (1680) Cap Ex (4980) P&I Pmts $60k loan 5.5% interest - 20 year amortization (4800) Janitorial - $400/mo - this would probably be lower----------------------------------------------------------------------------------$ 6200 Cash FlowI think I could improve on the above cash flow, not sure the Insurance is 100% accurate, could possibly increase gross income if I have more than 7 offices etc.
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17 September 2015 | 13 replies
You sound like a younger version of myself!
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18 August 2015 | 5 replies
How many times have you heard somebody say some version of this statement: “We made 100,000 on the sale of our house and we only lived there for five years.
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16 September 2015 | 8 replies
I revisit that book (audio version) every 6 months just to keep me from old habits.
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19 August 2020 | 20 replies
We unconsciously pursue society's version of success because its easy to do.