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21 May 2024 | 15 replies
We offer full-service management for a flat, monthly fee ($130/unit), plus 10% on any maintenance costs.
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18 May 2024 | 4 replies
Both are terrible advice for MTRs as this space is becoming hyper competitive in most markets and the bar has been raised significantly by STR owners pivoting to the MTR space.
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20 May 2024 | 11 replies
Charge them for smoking remediation (#2 cost made real).
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22 May 2024 | 10 replies
.### Calculating ROI- **Total profit (not accounting for costs like maintenance, taxes, etc.):** Total amount received - initial investment = $601,816.40 - $235,000 = $366,816.40.- **ROI over 30 years:** ($366,816.40 / $235,000) x 100 = 156.09%.### Calculating Annualized ROI (CAGR)The formula for CAGR (Compound Annual Growth Rate) is:\[ CAGR = \left(\frac{Final\ Value}{Initial\ Value}\right)^{\frac{1}{Number\ of\ Years}} - 1 \]In your case:\[ CAGR = \left(\frac{\$601,816.40}{\$235,000}\right)^{\frac{1}{30}} - 1 \]Let's calculate this:\[ CAGR = \left(\frac{601816.40}{235000}\right)^{\frac{1}{30}} - 1 \]\[ CAGR = (2.56)^{\frac{1}{30}} - 1 \]\[ CAGR \approx 1.0303 - 1 \]\[ CAGR \approx 0.0303 \text{ or } 3.03\% \]This means your annualized return is about 3.03% each year over 30 years.
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21 May 2024 | 2 replies
does this include all the expenses, capex, maint costs etc?
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20 May 2024 | 8 replies
The same loan brokers that do MH also do RV, as do the insurance companies.We own both, and the only benefit of an RV park is that -- if you find the right one -- you can ramp up revenue faster because it costs you nothing to fill a vacant lot.
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20 May 2024 | 6 replies
In either scenario you want to make sure you account for the "cost" of the money in your deal analysis so you account for your HELOC or mortgage payments.
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21 May 2024 | 1 reply
Additionally, Millennials rely heavily on online platforms and mobile apps for property search, virtual tours, mortgage applications, and transaction management, reshaping the way real estate transactions are conducted.Delaying Homeownership and Embracing Renting: Despite their strong desire for homeownership, many Millennials face financial challenges, including student loan debt, stagnant wages, and high housing costs.
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21 May 2024 | 58 replies
Much like many of the so-called gurus, the cost for their "training" will eventually run into tens of thousands of dollars.
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20 May 2024 | 5 replies
Analyze potential investment properties based on factors such as purchase price, renovation costs, potential lease revenues, vacancy rates, property taxes, insurance costs, and ROI .