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14 contributions to Equity Carry Academy
8d โขย
LOI generator & status tracker
My assumption is that the LOI generator is ready for prime time. But the status tracker is not. Is that correct? If so I recall there was a sheet for status trackingโฆ Are we still using that?
1 like โข 7d
Thanks @Robert Tribble
2 likes โข 7d
You heard the manโฆ prof too lol
Aug 29 โขย
Sobriety House Question
About underwriting it as a STR, would that be $1,000 per bed? Then still do x .65 to get estimated NOI?
0 likes โข 29d
As I recall $1000 is net - per patient, 2 per room. So to be conservative/reasonable assume $1500 per room.
Aug 29 โขย
Quick question about cap rates and COC return
If cap rate is good (8-9%) but COC is not good (1-3%) is it a deal? Or does it depend on factors like 30% DSCR vs 50-60%? And balloon length?
0 likes โข 29d
This is a great question to pose on the calls @Josh Webb - I feel that cash flow is king - itโs gotta cash flow PITI x 2 - but at what level of cash flow does it become difficult to sell a deal?
30d โขย
Sobriety Home Pitching: Live Video
So I recorded myself doing some live calls. Started with a denial, then I recorded some voicemails, and ended the video with a successful call with an agent who wants to push the deal along. p.s. I did this as practice just to show a fellow student. Well after my multi family calls for the day.
1 like โข 29d
Tremendously motivating @Aaron Braxton - very courageous, too, putting yourself out here like that for our benefit. I havenโt been able to devote any time to making calls but, after your display of courage, Iโm going to MAKE the time.
Aug 6 โขย
Need help
I am working on 5 unit building and its at 80% occupancy and even at that time property is very close to 1% rule and realtor is asking for LOI. So should I calculate with 100 % occupancy or calculate with 80% and need help ASAP. If I calculate it with fully occupied then its a pretty good deal
3 likes โข Aug 6
Run both calculations. 80% is the actual, 100% is the pro forma (but in reality 90% is the pro forma). Pro forma just means stabilized or best possible income
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