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!