Did you send a notice of non-renewal?

I am seeking to use the BRRR strategy to purchase the property with private money eventually doing a cash out refinance and paying back the private money lender.

I recently connected with a local investor who has 20+ years in construction and uses private money to buy properties.

Hi, I was looking for cash flow in North-East New Jersey in rental properties, but at the max I reach at 0 cash flow.For example in Bayonne typical two family home(3 bed 2 bath each family) cost around $500K, taxes around 16K, rent around $1700/family. so after mortgage(20% down) , so total income is around $3400 also same is mortgage premium.other option is  private lending where you can earn around 10% per year minimum.also considering the point that home prices are all time high right now.Can somebody share their example of cash flow in area like Jersey city, Bayonne, Newark,union etc.

I am planning to use a private lender to fund the project in cash.

I’m currently working with a private lender for the properties to invest in and with a partnership to help with the rehab I’m confident we both can make this successful.

What's even more is that using the IRR, you can also then make comparisons to a whole lot of other types of Investments.To answer your question, however, please refer to this snapshot:Rather than calculate the IRR for each and every year, I just decided to calculate the 5 year IRR for the numbers you type out in your last post.You really should split it out as I have done in this spreadsheet.First, make a column only for the Buy/Sell, or as I put it, Appreciation.When you buy the Investment, you paid $323,472.Noticed you PAID for the investment.Most people don't really understand Cash Flow so they don't understand that Cash Flow is really just a direction of how cash is flowing.You need to first pick a reference point and then you can figure out how to properly put a sign on the Cash Flow.In this case, we have a Cash Flow of $323,472.HOWEVER, we need a reference point.

You may find a private lender willing to lend differently but if you want a traditional loan you may have to distribute more of the business income instead of leaving it in the S Corp.I would also make it clear that you own the business and only earn a salary for compliance purposes.

HOA is $175 per month.This property is in a great location... located in a large urban park in a historic neighborhood currently undergoing serious gentrification (hundreds of millions in multiple residential/commercial  developments all over the neighborhood, both city and private money).

I bought the house in 2009, the a/c was a 1995 dated unit, inspection never noticed a lack of permit, the house was only permitted for central heat only, apparently in 1995 someone swapped out the central heat for a central a/c with heat.