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Results (10,000+)
Chris Nelson BP Marketplace "Find Foreclosures" subscription service
25 July 2018 | 0 replies
Has anyone used the BP Marketplace Foreclosures subscription service, and if so, have you found value in it?
Isaac Lipscomb New investor with ALOT of questions
9 August 2018 | 19 replies
The best way to get started may be to look for active wholesalers in the area and offer to shadow them or be of service to them in some way.
John Patton Hey....want my first deal. Opinions on this deal??
26 July 2018 | 5 replies
It's had all electrical through to service replaced, new central air including duct work put in, new water heater, new roof, and literally a gut to the studs done to it.
Casandra M. Overheard another landlord about rent discounts....
18 August 2018 | 5 replies
Why not let them live for free and give a 100% discount for service members .
Lachionte Culpepper Lux Home Pro Company
1 October 2019 | 4 replies
@ Jay Walton, What did you pay for the services, " the hand holding"?
Hunter Locke Transition Army Officer - Help - Seeking NON PAYING internship
1 August 2018 | 7 replies
Thank you for your service
Brian Metz Loan for Commercial Property
29 July 2018 | 6 replies
I submitted an application to Wells Fargo, but was rejected due to the property debt service.
Melissa Mendoza Need help analyzing this deal on multi-family home!
25 July 2018 | 18 replies
Can you service $1.3 MM with $90k gross rents before you take out expenses?
Dax Rhorer Multi-family Trash Service
26 July 2018 | 3 replies
The good news most services will change the size back without charge if you ask ahead of time.
Justin Greenwood Understanding IRR Calculations in Frank Gallinelli's book
30 December 2019 | 11 replies
Now for the numbers:Year 1             Year 2          Year 3           Year 4             Year 5INCOMEGross ScheduledRent Income                         266,400        274,392         282,624         291,102           299,836TOTAL GROSS INCOME      266,400        274,392         282,624         291,102           299,836VACANCY & CREDIT LOSS       7,992            8,232             8,479              8,733               8,995GOI                                        258,408        266,160          274,145         282,369          290,840OPERATING EXPENSES     Accounting                          2,000             2,060               2,122             2,185              2,251     Advertising                          1,000             1,030               1,061             1,093              1,126     Insurance                           15,000          15,450            15,914            16,391            16,883     Janitorial Service                 4,800             4,944              5,092              5,245              5,402     Lawn/Snow                          2,400             2,472              2,546              2,623              2,701     Legal                                     4,000             4,120              4,244              4,371              4,502     Property Management   12,920            13,308            13,707           14,118            14,542     Repairs/Maintenance     15,000            15,450            15,914            16,391           16,883     Supplies                                 500                 515                  530                 546                 563     Taxes            Real Estate                40,000            41,200            42,436            43,709            45,020     Trash Removal                10,400            10,712            11,033            11,364            11,705     Utilities           Electricity                      2,800              2,884              2,971              3,060               3,151           Sewer/Water             12,000            12,360            12,731            13,113            13,506TOTAL OPERATING      EXPENSES                      122,820          126,505         130,300          134,209           138,235NET OPERATING       INCOME                         135,588          139,655         143,845          148,160           152,605                                                Year 1             Year 2            Year 3            Year 4              Year 5NET OPERATING     INCOME                     135,588           139,655          143,845         148,160          152,605- Debt Service                109,969           109,969          109,969         109,969          109,969- Cap Additions                          0                      0                       0                     0                      0 CASH FLOW BEFORE           TAXES                       25,619             29,686           33,876            38,191            42,636Cash-on-Cash Return          7.92%              9.18%          10.48%          11.81%           13.19%(CFBT/Cash Inv.)Capitalization Rate              9.00%              9.27%            9.55%             9.83%            10.13%Debt Coverage Ratio             1.23                1.27                1.31                1.35                1.39PROJECTED SELLING           PRICE                     1,506,500      1,551,700       1,598,300      1,646,200        1,695,600- Costs of Sale                     105,455         108,619          111,881         115,234           118,692-Mortgage Payoff           1,175,708       1,144,134       1,110,361      1,074,237        1,035,598BEFORE-TAX SALE    PROCEEDS                      225,337          298,947          376,058         456,729            541,310IRR Before Tax                  -22.39%               4.85%           13.83%          17.55%              19.25%Thank you for taking the time to analyze these numbers!