William Morales
How I think finding boots on the ground is not that easy.
23 January 2022 | 12 replies
Companies that have property management, construction, and investor focused agents will go look at all kinds of properties because they can get the commission, property management business, and construction/Rehab business.Random agents on the internet usually don’t have specify investors knowledge, and very few have the back end operation set up to do it all.
Leonard Weiner
Real Estate Syndicates for 1031 Exchange
13 January 2022 | 9 replies
I've seen some operators that allow 1031 money into their syndications.
Patrick Orah
How to negotiate terms with a property management company?
23 January 2022 | 28 replies
Most have standard terms of how they operate.
John McKee
Do you have one bank account for all of your LLC?
9 January 2022 | 6 replies
For the vast majority 1 LLC and 1 checking (operating account for income and expenses) and 1 savings account (for security deposits and prepaid rent) and then as @Nathan G. says over here you might find a 3 account useful: Do you have one bank account for all of your LLC?
Carlos Alonso
Hard Wired Cameras for Rental Properties
8 January 2022 | 3 replies
Blink is an Amazon company and they have wireless, battery operated cameras with motion detection at a very high quality and relatively low cost.
Brittny Kenaley
BRRRR- Joshua Tree Short Term Rental
8 January 2022 | 3 replies
We have been running a successful airbnb operation ever since!
Tyler Hahn
Tenants suggesting unit is not habitable, escrowed rent
11 January 2022 | 15 replies
Steve lives and operates in Colorado.
Yadira Gutierrez
First Scouting Trip - How to get the best of it?
13 January 2022 | 4 replies
Ask which areas the agent operates in and why.
Abdul Lateef
Hiring full time operation/acquisitiom manager
8 January 2022 | 0 replies
I however am looking to hire a full time W2 employee to handle day to day operations and coordinate between these service providers and run things generally under my supervision.Need help with actually structuring the job description, company standard procedures, and most importantly how to find and vet this person.
Steve Davis
I need help determining the market value on my apartment complex
9 January 2022 | 6 replies
See picsGross annual income: $250k_______________________________________Using income approach with cap rate$250k x 0.8 = $200k / 0.0366 = $5,464,480 value (3.6 cap rate with 20% operating expenses (newer building but still operating expenses quite low))—-----------------------------------------------------------------------Future Bevan Ave developmentDesired price: $8.5M18x units Year built: 2023Finishes: Quartz, new Projected gross annual income: $384kUsing income approach with cap rate: $384k x 0.8 = $307,200 / 0.0366 = $8,393,442 (3.6 cap rate with 20% operating expenses (brand new building 20% operating expenses more realistic)—-----------------------------------------------------------------------Comparing the properties by gross income. $384k (Bevan) - $250k (sutherland) = $134k x 0.8 = $107,200 / 0.0366 = $2,928,961 therefore Bevan is $3MM more valuable.