Friday June 23rd 2017

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‘Improvement Planning’ Archives

IRREIA is Proud to Sponsor Our New Book Coming Very Soon

IRREIA is Proud to Sponsor Our New Book Coming Very Soon

IRREIA is in the final stages of publishing our first Ebook for our readers and members.  This volume offers over 250 pages of actionable ideas to improve your investing and property management skills and results.  Divided into 7  sections, the  book covers: Developing investors, Investor communications, Reducing operating [...]

Case Study Coming – New College Grad Buys Condo

Case Study Coming – New College Grad Buys Condo

This coming week we are going to post a case study on a recent college grad's new condominium purchase and her conversion of this purchase into a residential investment property. The discussion will include placing it in an entity, the tax steps she will be able to take, the instant cash flow she is gaining, and how this can lead to future [...]

A Plan to Complete a Successful Residential Investment

A Plan to Complete a Successful Residential Investment

Many investors become put off completing an investment by the details of completing the process.  This week we are adding a page to help prospective investors "Eat the Elephant".  Like the old adage says, the elephant is eaten one bite at a time. To complete an investment, there are some distinct steps to wade through.  Unfortunately, this [...]

New Stuff!!! – Acquisition & Operating Cost & Expense Checklist

New Stuff!!! – Acquisition & Operating Cost & Expense Checklist

IRREIA is pleased to announce this new tool.  This tool will accomplish several critical items for the investor including: Ensure key investment activities are not overlooked, Assist assuring a fully funded project, Assure a complete understanding of expenses to operate and to close thus providing a stronger basis for value, Give [...]

The Purchaser’s Property Inspection

The Purchaser’s Property Inspection

Inspecting a property is a non trivial event.  The inspection has to be completed in a manner that thoroughly checks each building, each unit, each subsystem, parking, paving, amenities and grounds. The inspection must note the condition of each item, required repairs, and an expected cost to complete (preferrably provided by internal sources [...]

Rental Investing is a Team Sport

Rental Investing is a Team Sport

Residential or multifamily investing is a team sport. Success depends on being able to produce the right information, complete the right analysis, and deliver the right operational results. Without, these and other support, investors struggle and can easily fail. For this reason, investors should consider an association or group that can deliver [...]

Investors' Pro Forma and Financial Workbooks

I am preparing a financial workbook and pro forma for investor.  This items will include: Property description factors including address, acreage, unit mix, key  unit descriptions, amenities, acres, and buildings, Expense table to be input  by the investor, Income table to be input by the investor, Occupancy table to be input by the [...]

Physical Unit Inspection

The inspection should be thorough.  Whether completed by the investor or their representative, short cuts can costs very large amounts of money.  The key to an effective inspection is a unit checklist.  The list should review every item: Verify floor plans, Take photos of each room, appliance, and system before beginning, Check each item in [...]

Property Condition Report Short Comings

Lenders require and rely on the property  condition report because in concept this report should identify  all immediate  requirements, establish needed reserves, and either support or debunk the  purchase price of the asset on the basis of physical status.  Unfortunately, as investors making this  assumption is risky. First, the report  [...]

What Is Good Due Diligence?

Effective due diligence is information collected prior to purchasing a property that accomplishes the following: Results in changes to the business plan resulting more rapid increase  in revenue. Results in changes to the business plan resulting in greater final revenue than was anticipated. Results in changes that assure the project is fully [...]

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