Matt Bouwman
New Member Vancouver Canada
29 September 2016 | 2 replies
We are an Alberta based company, and offers a lot opportunities to purchase cash flowing properties in Alberta!
Michael Totman
Section 8 housing authorities aren't following HUD
9 September 2016 | 5 replies
What HUD lists as FMR and what your local Housing Authority will determine as rent reimbursement based on number of bedrooms can vary WIDELY (and often not to the landlords benefit).For example, HUD's FMR for a 3 bedroom unit for 2016 in my county is $997.
Zach Hubert-Allen
Which Podcasts do you recommend?
22 September 2016 | 21 replies
Yes, there are some people who do podcasts that are laser focused on a particular niche but based on what you said in the OP you don't seem to really have a niche yet which is why I say that by listening to the BP podcast you'll learn what other podcasts you should be listening to.
Amy Webber
Evaluating an opportunity to purchase office space?
23 February 2017 | 4 replies
Asking price: $245,000 - reasonable for the areaEstimated Monthly Rent under current leases: $2500.00 - on the low side of the range for the area but the tenant base is long term and stableAnnual Taxes: $5000Annual Insurance - Unknown/information requestedUtilities - Unknown/information requestedBuilding Owner pays for alarm monitoring,electric and water bills - have asked for monthly cost averages but do not have yet.Individual tenants pay their own internet and phoneDescription: 2400 sqft, brick building with a 10 space parking lot, good location Known upcoming repair is HVAC for the downstairs (est $5k), upstairs HVAC has already been replaced.Thank you for your time as well as your opinion on this deal, recommendations for additional questions, additional information etc.
Calvin Clark
Dallas 4-plex - Good deal?
2 December 2016 | 9 replies
Asking Price: $200,000Gross Rents (4 units): $2400 per monthExpenses: Taxes: $350/moInsurance: ~$200 (haven't gotten a quote yet)Vacancy (5%): $120 Repairs (7%): $168Capex (6%): $144PM (10%): $240Total: - $1,222Mortgage: - $787 (conventional with 20% down and fixed 4.25%) NOI: $2400 - 1222 = $1178Cash Flow: $1178 - 787 = $391 per month (10% CoC ROI)We feel like this is a pretty good deal based on our numbers, but want to see if we are missing anything?
Ehab Tadrous
General Contractor
18 November 2016 | 9 replies
Another thing to consider is that whoever you use will typically be based on the house and level of rehab.
Ehab Tadrous
Contracts
11 September 2016 | 0 replies
also how the other partner will get paid and how much like hourly or as a project based fee , etc...????
Larry H.
Move On?
20 September 2016 | 15 replies
His estimate was solely based on the pictures I provided him from the inspection (which did not include everything.)
Joey English
How the Fourth Commandment will make you a successful investor
12 September 2016 | 0 replies
That’s because I observe Sabbath from sundown on Friday night to sundown on Saturday night – and no it’s not because I’m Jewish.Believe it or not, I solidified my conclusion about when to observe Sabbath based off of what day of the week folks celebrate Easter.As best I know, everyone who celebrates the resurrection of our Messiah agrees that it took place on a Sunday.
Gene D.
Indianapolis job cuts
17 September 2016 | 15 replies
Hey guys, wondering what the locals think will be the impact of this from, here is the article from IBJ:September 6, 2016Hayleigh ColomboCarmel-based for-profit college operator ITT Educational Services Inc. announced Tuesday morning that it will permanently “discontinue academic operations” at all ITT Technical Institutes campuses.The company has already eliminated the “vast majority” of its 8,000 employees and canceled the fall academic quarter, which had been scheduled to begin this month, according to a statement released Tuesday morning.ITT Educational operates more than 130 ITT Technical Institute campuses in 38 states.ITT Tech announced a week ago it would stop enrolling students, and an Indianapolis charter school run by the companyhas also shut down.The move follows years of scrutiny by the federal education department over its recruiting methods and students’ educational performance, and recent actions that made itineligible to accept new studentswho relied on student loans.In its statement Tuesday morning, ITT called the federal sanctions “inappropriate and unconstitutional.""