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Results (10,000+)
Account Closed Any books on how to value add 21 units
5 April 2018 | 13 replies
This is not a complete rehab project.
Courtney Fricke Could you make a wholesale deal w/this owner financing situation?
4 April 2018 | 12 replies
I'm just trying to create a solution here.Also because of the condition of the house and trailer, I only see it as a rehab project.
Celina Lane Newbie in Houston TX - Katy, Spring, Cypress, Midtown...
4 April 2018 | 11 replies
After many years of reading about real estate and drooling over development projects, I found a network of people that were willing to show me the ropes!
Keith Linne First Deal Analysis Feedback
4 April 2018 | 2 replies
I also have 12% projected as management cost and I’m figuring that cost at full occupancy to remain conservative; however, based on conversations so far I believe I can get this down to 10% of rents collected.I see this property throwing off roughly $1,812in cash flow ($151/mth).
Keith J. Davis Jr. How to protect your interest in a property with contractors?
4 April 2018 | 2 replies
Quick question, I've been looking at rehab projects with contractors and have been asked to disclose property information (asking price, ARV ect.)
Jay Hinrichs Market reports that all investors should be looking at
16 April 2018 | 6 replies
https://altos.re/r/85542a0    Here is the city were we currently building out a 23 home project.we are priced new construction at 439k to  469k  exactly the sweat spot.. we have only 5 left after starting the year with 21 to sell.. this project will start to finish in just about 1 years time.although from the time I put the first deposit on the dirt to the time we went vertical took two years.. so total 3 year process. 
Max Householder Our First Investment Property: Year 1
9 October 2018 | 6 replies
I found posts like this to be helpful when I was first learning about investing in real estate, so hopefully someone on here can get something out of it.Our goals were to cash flow $100 per month per door, have a cash-on-cash ROI of 12%, and achieve a total return of 20%.Purchase price: $179,900Our loan is a 30-year fixed rate residential mortgage at 4.25%25% Downpayment: $44,975Mortgage Payment (Principal & Interest): $663.75Operating Income$26,435 scheduled gross rents (4 units)$(1001) vacancy$600 garage rent$11 interest$26,045 gross operating incomeOperating ExpensesProperty Management (10% of gross rents): $(2543)Leasing fee for new tenant placement: $(550)Sewer: $(1397)Water & Trash: $(1232)Lawn care/mowing: $(350)Gas & electric during vacancy: $(228)City occupancy inspection aka government extortion fees: $(183)Maintenance & Repairs: $(3594)Property Taxes: $(2009)Insurance: $(983)$(13,069) gross operating expenseNet Operating Income: $12,976Mortgage P&I: $(7965)Cash Flow Before Taxes: $5,011Cash-on-cash return: 11%Equity Accrued: $2275Total Return: $7286Total ROI: 16%We hit our cash flow number almost exactly at $104 per door while our ROI and total return came in a little under our projections, but pretty damn close.
Shaun Alexander New member with a big problem! Contractor wants more money
21 April 2018 | 14 replies
There are no deadlines for completion on the project.
Monica C. Getting to know Kansas City
13 April 2018 | 5 replies
I will be flying into KC in a few week for a side work project.
Mindy Jensen Tips For MHP Setback Variances?
6 April 2018 | 5 replies
Unless your site/situation has unique or special circumstances that do not generally apply to similar projects, it may be difficult to successfully argue that you should be allowed to have reduced setbacks when others in similar situations can't.