In our company we basically use the cloud based expense reporting software that takes care of the accounts, invoicing and billing in a precised and significant manner.

Investment Info:

Single-family residence wholesale investment.

Purchase price: $100,000

Sale price: $147,000

Contributors:
Peter Vekselman

Partner Driven and Debra Cottom teamed up to...

Class D is mostly rentals (another tip to look at owner occupied stats and/or if the neighborhood is identified for revitalization), the tenants are outside smoking, they are talking to neighbors and solicitors, it is a completely different vibe that is pretty noticeable just driving through.

For example, here in Columbus we've got Intel building their mega-fab which is already driving up property values and rents in certain submarkets.

Basically, what these guys did to some of our Real Wealth Network members allegedly is:- GEG showed RWN some of the properties they had renovated and leased out to prove their business model- They told our members via a webinar that they buy, renovate and sell rental properties below market value to investors with 8% cash flow- They said they offer non-recourse financing at 50% LTVIn reality, GEG sold properties that were not always renovated - even if the price point reflected a renovation.

It was great to get our heads in the game, and got us to move quicker to get a house (since we were basically forced to get a pre-approved loan in order to tour houses...).

Other risks, the contractor walking off the job, a storm hitting and delaying the project for weeks, someone breaking into the home and stealing stuff (which happened just the other day to a client of mine), a squatter, or drunk driver driving into the house (happened a lot at my old job as a firefighter lol).

You need to understand how to drive the Net Operating Income to produce a good solid return. 

If you've only been a commercial agent for 6 months, you are just learning the basics.

Quote from @Francisco Solano: I suggest you ask a business attorney in your state for this basic template.