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5 September 2018 | 3 replies
The operating costs seem high to me, and I am not sure what operating expenses are necessary when you pay a HOA fee.
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8 November 2018 | 11 replies
I can improve the operations of the property to increase value.
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3 September 2018 | 9 replies
Any suggestions on PO Box or virtual address?
31 October 2018 | 9 replies
.$145,000PURCHASE PRICEPurchase Closing Costs$2,000.00Estimated Repairs$20,000.00Total Project Cost$167,000.00After Repair Value$170,000.00Down Payment$7,250.00Loan Amount$141,882.50Loan Points$4,132.50Amortized Over30 yearsLoan Interest Rate5.400%Monthly P&I$796.71Total Cash Needed$29,250.00Monthly income:Rent:$3,500.00Other:$0.00Total operating expenses:Mortgage expenses:Vacancy:$350.00Repairs:$350.00CapEx:$350.00PMI:$40.00Garbage:$20.00Insurance:$56.00Management:$350.00P&I:$796.71Property Taxes:Total Monthly Income:$3,500.00x50% for Expenses:$1,750.00Monthly Payment/Interest Payment:$796.71Total Monthly Cashflow using 50% Rule:$953.29I made conservative estimates on everything.
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6 September 2018 | 14 replies
I’ve truly enjoyed my career in tech (sales & operations) however, I want to apply my sales skillset face-to-face (my strength) instead of over the phone.
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5 September 2018 | 10 replies
As the general partner/operator, you can make your money through fees and sweat equity.
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1 October 2018 | 8 replies
Eddy from Lutz Fl,new to BP.Looking to investing in real estate ,buy and hold mindset,positive cash flow and looking for a great deal of participation in the BP forum.Own and operate an assisted living facility 6 beds and looking 4ward to transitioning to real estate investing full time.
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18 September 2018 | 16 replies
If they're smaller operations and don't have this readily available, maybe you can get copies of their historical rent rolls and create it yourself.
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11 September 2018 | 3 replies
When you form a Partnership the best type keeps you in control and makes all Partners involvement and ownership variable.When you purchase them, at least 32 units will enable you to hire a Property Management Company and do the daily operations.
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31 October 2018 | 12 replies
I still need to paint it and rent it.Let’s keep in touch even if we are operating in different cities!