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5 December 2019 | 32 replies
These standards are specific to you and must be consistent with your wealth vision, mission, values and asset type.Specific investment criteria may include:•Minimum appreciation•Minimum rate of return•Minimum cash flow or cash on cash return•Price range•Maximum amount of investment•Location of investmentOnce your investment criteria is established, you can use it as the key part of your system to identify the right investments for your wealth strategy.Here’s a sample of search criteria (must have):Purchase price should be between $60,000-$150,000Neighborhood should be a solid B-/C+ (Working Class)I want minimum 200+ monthly cash flow or 100/door after ALL expensesRent 1% or more of ARV10-12%+ CoC ROISchools above 6 ratingTenants pays all utilitiesIdeally (or more flexible criteria):I will buy with cash and want to refinance with 25-30% down after rehabBuilt after 1985.When possible, I want to purchase multifamily units (2-4, max 8)I want to spend less than $3,000 on inspections and closing costsI want to spend less than $10,000 in initial repairs and rehabValues we use in our calculations:5.5% interest rate, 30 years10% vacancy6% repairs and maintenance6% capital expenditures10% management fees2% annual income growth2% annual appreciation growth2% annual expenses growth6% sales expensesUse It or Lose ItThis system (as with all systems) is only successful when it is used properly and consistently.
14 January 2020 | 6 replies
I started a FB business page, consistently invited 5-10 people per day to "like" my page.
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1 July 2016 | 1 reply
I see others doing it and assume it must work... maybe consistency is key.Don't know if I'll get and bytes on this post...I'm still new and kinda spinnin my wheels here.
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15 December 2017 | 88 replies
Here is our Tax ID: 32040687587 and we are consistent till date.
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15 February 2019 | 80 replies
It starts bending downwards at the start of the island bar, then continues to bend down for around 5ft, then back up to normal height around wall."
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11 February 2019 | 3 replies
Consistency is key, as statistics show that it may take several mailings before you get a response.
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17 January 2019 | 8 replies
But if you scroll down a bit, you'll see that's incorrect due to an exception:IRC Sect. 1400-2(e)(1) In the case of any investment in a qualified opportunity fund only a portion of which consists of investments of gain to which an election under subsection (a) is in effect— (A) such investment shall be treated as 2 separate investments, consisting of— (i) one investment that only includes amounts to which the election under subsection (a) applies, and (ii) a separate investment consisting of other amounts, and (B) subsections (a), (b), and (c) shall only apply to the investment described in subparagraph (A)(i).The (B) subsection is the killer.
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12 December 2018 | 5 replies
@Omid BolooriBookkeeping for rental properties can be difficult.Your mortgage payment normally consists of several items, Principal, interest and escrow payments.
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26 March 2019 | 6 replies
“How do I change my habits so that this is routine”“How do I overcome life’s everyday obstacles to be consistent and successful”Check out the events schedule for more details
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5 March 2019 | 3 replies
When interviewing their sub-contractors and vendors (point number nine below), ask them how timely and consistent the general contractor is with bill-pay!