Managing repairs can't be done remotely - if you look at auto dealerships as a model, they have "zone" reps to minimize the fraud and the graft - the home repair business is going to be harder to manage by a factor of ten at the least.

Although no one (myself included) wants to overpay, I can pay a little more because my business model is built around the monthly cashflow and not the home's ARV.

Hello,

Background:

-I own a duplex in Florida that I purchased for 65k cash, so the property is free and clear. I have owned it for 6 months in the name of my LLC.

-I am thinking down the road about slowly adding m...

Then you take the numbers of units and take the average rent per unit to get an income model and an exit cap you will sell at.Now figure out the cost per sq ft to construct with building requirements and finish, entry road and parking etc.

This was a trustworthy person and we had no issues.There was another time where he rented the whole structure to a lady for her to run the bed and breakfast - it's another model that didn't quite work out so well.

That is the business model and the question is can the company get a percentage of the assignment fee.

I generally agree with Chris Martin from the business model perspective.

One day while on my way to our model apartment I notice the worst smell coming from down the hall.

Marie Poe I've never really been able to figure out the business model for REITs.

Seems pretty odd that the other couple chose the other model for 3k less with all the headaches that came with it.I agree with the ealier post though and I would ask them.