Ian Armour
24 Unit Value add
4 November 2023 | 0 replies
Purchase price: $1,400,000 Cash invested: $400,000 Financial Highlights:Purchase Price: $1,400,000Price Per Door: $58,333All Units: 3 bed/1 bathAverage Rents: $700/mthMarket Rents: $1,100/mthRenovation Budget: $240,000Refinance End of Year 3 or soonerAfter Repair Value End of Year 3: $2,426,000Value Per Door: $101,000Valuation at Year 10: $3,630,000 (5% appreciation)New Loan: $1,819,000 (75% LTV @ 6%)Net Proceeds: $454,500Initial Capital Invested: $400,000Remaining Equity: $606,500Ongoing Cashflow Years 4+: $70,000/year approxQuarterly Distributions Starting Q4 Year 1Additional Details:Strong cashflow year 1-3 before refinancingAll invested capital repaid to the investor by the end of year 3Reno costs provided by LenderStrong boots on the ground team in placeLandlord-friendly marketTotal Raise: $400,000Minimum Investment: $50,000GP/LP StructurePartnership AgreementBuilding Specifics:Number of Units: 24 unitsBuilding Size: 33,393 sq. ft.Unit Mix: (24) 3-bed, 1-bathFor more information, visit www.venturecocapital.com.
Ian Armour
24 Unit Building
4 November 2023 | 0 replies
Purchase price: $1,400,000 Cash invested: $400,000 Financial Highlights:Purchase Price: $1,400,000Price Per Door: $58,333All Units: 3 bed/1 bathAverage Rents: $700/mthMarket Rents: $1,100/mthRenovation Budget: $240,000Refinance End of Year 3 or soonerAfter Repair Value End of Year 3: $2,426,000Value Per Door: $101,000Valuation at Year 10: $3,630,000 (5% appreciation)New Loan: $1,819,000 (75% LTV @ 6%)Net Proceeds: $454,500Initial Capital Invested: $400,000Remaining Equity: $606,500Ongoing Cashflow Years 4+: $70,000/year approxQuarterly Distributions Starting Q4 Year 1Additional Details:Strong cashflow year 1-3 before refinancingAll invested capital repaid to the investor by the end of year 3Reno costs provided by LenderStrong boots on the ground team in placeLandlord-friendly marketTotal Raise: $400,000Minimum Investment: $50,000GP/LP StructurePartnership AgreementBuilding Specifics:Number of Units: 24 unitsBuilding Size: 33,393 sq. ft.Unit Mix: (24) 3-bed, 1-bathFor more information, visit www.venturecocapital.com.
Daniel Wendorf
How many people are from the Milwaukee, WI area???
12 March 2020 | 18 replies
(side note to new investors and out of state investors: if you are looking at a listing that has been on the market for 267 days, you did not just discover a "hidden gem" - it has been looked at passed up by probably several thousand people, investors or otherwise)The number of leases signed every month is probably 8,000 to 12,000 - so if you have a unit for rent that is your market; which of course is distributed over several segments.
Glenn Gerisch
Tax Lien & Eminent Domain
29 June 2015 | 8 replies
If the county had taken the entire parcel, the appraised value would be distributed first to lien holders, with the balance to the property owner.
Dominick Johnson
Using Retirement Funds for REI Success Stories
3 November 2023 | 9 replies
For example, we had several years with really small amounts of taxable income, should we have distributed more out of the 401K earlier and reinvested post tax?
Palmer Thomas
Tax help: Selling house with handshake equity agreement
7 November 2023 | 4 replies
If he did have an equity interest he would have been receiving a distributive share equal to that interest every year.
Greg D.
Propane tank filling in lease and handling at changeover
29 September 2019 | 9 replies
If you have multiple units fed from one tank you could set up smaller tanks for each place or distribute the cost between them all.
Jesse Glatz
BP Cash Flow Calculator
16 July 2021 | 9 replies
The mortgage payment was derived simply by taking a 80% LTV at 4% over 30 years.
Jermaine Johnson
Real estate fund ( syndication )
28 January 2023 | 12 replies
Return structures, fee structures, the profit split, distribution expectations, communication expectations,etc all vary company to company and even offering to offering.Often times you must be an accredited investor to invest in a syndication, which means 200k income individually (300k jointly with spouse) for 2 years or 1m+ in net worth (not including primary residence)Though there are syndications that do not have that requirement, the returns are usually lower from my experience.
Torre Samonek
Vallejo, CA - SFR with added Income Suite (ADU)
16 February 2022 | 16 replies
Took money from my Union vacation fund account(in the Carpenters Union we don't get vacation days, we get a few bucks per hour that distributes once a year).