13 January 2011 | 11 replies
The adjustments that need to be made or the acquisition prices.Example, a $75k ARV with a $40k acquisition and $12k rehab would be a 70% deal, however the gross margin is only $22k.
25 February 2011 | 42 replies
If he doesn't want you to verify his true employment, that's a real bad sign cuz he might not be working there at all.After all, the employer would have to believe you are a real pathetic, awful, scum-of-the-earth employee for them to want to bad mouth the employee to a landlord.
20 March 2011 | 6 replies
Hello, somewhat of a mentor, but I have many things he will be taking over like my employees, banking/attorney relationships, buyer relationships, marketing tactics, and the list goes on.
25 March 2011 | 25 replies
I have heard about court rulings that say that the tenant then becomes your employee and you have to have all the insurance and pay the taxes for them as an employer would.
3 March 2015 | 71 replies
. $90,000Tenant just signed a 2 year lease 10 minutes ago for $1,200/mo.Approx. 3% Gross Monthly ReturnI showed the before pictures to the tenant and she was speechless and couldn't believe it's the same house.
5 March 2014 | 6 replies
If someone is claiming 38% of gross rents for expenses on an older building I expect there to be a lot of patch jobs and deferred maintenance.
7 March 2014 | 2 replies
The 50% rule says you have to put 50% of the gross rents to expenses, capital and vacancy.
2 January 2015 | 7 replies
General financial info that has to be verified: Year 2013Scheduled Gross Income $66,840Operating Expenses $26,706Net Operating Income $40,764Pre-Tax Cash Flow $40,764
21 January 2015 | 6 replies
If you plan to be an employee til retirement, then you will need to find out what you are lacking.
14 March 2014 | 5 replies
And then do I become a w-2 earner or set myself up as self-employee?