2 April 2019 | 1 reply
This property will not produce positive cash flow long term and having excessive dead equity only makes it worse.
2 April 2019 | 2 replies
By obtaining multiple financed properties you could be using up a few of your slots out of the 10 available under your name.Commercial banks can do blanket notes which have less favorable terms (3, 5, 7, 10 yr balloon usually) and rates will be a bit higher typically than conventional.A lender who packages all mortgages together in one transaction could underwrite and order docs on all files at once (3 set of docs, 3 mtg notes, 3 trust deeds etc) for signing so could be very streamlined.If These properties are to be held for income producing purposes the least expensive money with the most solid 30 year fixed terms with be conventional financing, but even with conventional there are pros and cons.
4 April 2019 | 8 replies
An ozone generator should never be operated in occupied spaces, and the area should be adequately vented before people or animals are allowed to re-enter.According to a report produced by the EPA, ozone generators are ineffective at reducing levels of formaldehyde and carbon monoxide, despite claims by manufacturers.
3 April 2019 | 8 replies
If not, we simply let the seller know that they weren't 100% truthful to the repairs needed and more times then not, we'll get a price reduction.In regards to list, definitely a free and clear/absentee owner list won't produce much of a result.
2 April 2019 | 27 replies
Yes, we obtained a contract with a large food producer, built a farm to their specs, and performed well within our contract.
9 April 2019 | 7 replies
We have the opportunity to unload some equity in this building and move it into a property in the south suburbs that is around an 8 Cap rate and producing much more cash than our current situation (newer construction).
11 April 2019 | 18 replies
I see what someone is capable of before allowing them to do any significant amount work and if they aren't good, steady workers, aren't trainable, don't listen to instructions (and I have someone that knows how to do whatever is being done ON SITE, or produce poor quality, I shut it down-- Thank you for your help, your credit is $xx, I'll credit your account tonight, that's it for today.
10 April 2019 | 89 replies
So, basically those are the numbers I'm using to evaluate if my time is being well spent, given my other options - which in my case might be things like pursuing other business directions, leisure time, or going back to the W-2 work of engineering (or trying something different).The ongoing cash flow from renting the places out can add additional value, but the way I think of that, I'm more interested in evaluating the needed ongoing time commitment to servicing those rentals to produce that income/free cash flow.
25 February 2019 | 11 replies
And if the rental is not a top producer for you the additional leverage can turn it from mediocre to bad very quickly.