Most broker Pro-forma* is too ideal! It anticipates near 0% vacancy, high rents, no repair costs, little cap-ex, perfect management, etc. ONLY buy based upon present numbers!!! *Compare Pro-forma side-by-side with the T12, Rent Roll, P & L, etc. To evaluate and get estimated purchase values from Pro-forma only information do this process: Avg rent X Units X 12 = Gross Rent. Gross Rent X 0.90 [10% vacancy] = Effective Gross Rent (EGR) EGR X 0.55 (45% Expense ratio) = NOI. [If under-performing use higher vacancy and expense ratios.] NOI ÷ Market Cap Rate range** = Market value range [use upper and lower figures, higher cap rate range => more conservative property values] Market value range [same as ARV] X 0.7 - repair estimate = Maximum Acceptable Offer (MAO) - wholesale fee. **Use lower and higher cap rate range to get MAO range, point out property deficiencies [high vacancies, high expense ratio, low rents, and needed repairs] to seller, and negotiate toward lower MAO while maintaining cash-on-cash target.

I'm buying an RV park in the Ozarks and the seller insists the current manager (who's quiet quit) has the right to stay on the property for 60 days past closing and remain in her role and be compensated to manage the park. Let's hear y'alls candid reply to the broker...

So many people spend decades chasing “someday.” They hustle, save, and sacrifice, hoping that the system will eventually reward them. But the truth? The system wasn’t built for your freedom. That’s why I created the Set for Life Virtual Summit. To give you the same roadmap that’s helped everyday people break free. 👉 Vera struggled for a year with nothing to show… then landed two apartment deals in two months. 👉 Dennis was a truck driver who closed his first deal in 30 days. 👉 Rachel went from $30K in debt to a $3M net worth in just 5 years. These aren’t superhuman stories. These are people who started exactly where you are — but with the right guidance, they changed everything. This summit isn’t just about real estate. It’s about rewriting your story. If you’ve ever thought, “What’s next? How do I finally get ahead?” — this is for you. 📆 September 17–18. Grab your FREE ticket here. Drop a 🙌 if you’re joining us. .

Commercial Deal Finder 101 is a group of people interested in real estate in the Skool community and they can generally ask questions and share information. While Commercial Commercial Deal Finder School is a paid Skool community with educational material, RE documents, tools, spreadsheets, and more to help you in your journey. With this are search software, direct mail programs, RE management programs, documents for varied contracts, access to videos and training material, and and a set of people who own or seek to own RE ranging from 1 to 4 unit rentals, 5+ CMF, self-storage, RV parks, mobile home parks, and mixed use commercial properties. Some members are quite wealthy with experience to share. Some have capital to deploy. Some want to learn and are eager to buy their own RE to improve their circumstances. Some want to find properties for others and get a transaction fee from the process. We work together as best suits our individual circumstances and with the RE deals that are secured under a purchase contract. Friendships are made, experiences are shared, knowledge is freely communicated, questions are asked and answered, prudent guidance is offered, and warnings of pitfalls are shared to help members in their journey. You can learn more here: https://www.skool.com/commercial-deal-finder/about?ref=57d76784af8f45d59e7399eaf9961294.

**HUD-VASH Program** Hello, everyone! I would like to share something that is very important to me: addressing the issue of shelter for homeless veterans. Many people may not have heard of the HUD-VASH program, as it often receives minimal attention. It’s joint with HUD and the Veterans Affairs. However, if you are a landlord or know someone who is, I encourage you to look into this program, as it aims to provide housing for homeless veterans and their families. Participants are vetted by a Case Manager before enrolling in the program, ensuring that rents are paid at fair market rates for the area. Since the program's implementation, over $1 trillion has been allocated to support these efforts. If you are interested, please get in touch with your local VA office. The Department of Veterans Affairs has offices in every state; therefore, please check with your local veterans' office for more information. Let's join together in spreading the word about this important mission! Links: https://www.va.gov/homeless/landlords.asp Example of Questions: Q: How does the rent get paid? A: With both HUD-VASH and SSVF, a portion of the monthly rent is paid by the Veteran based on their monthly income. While the Veteran is enrolled in HUD-VASH, the remainder of the rent is paid by the local PHA. While the Veteran is enrolled in SSVF, the remainder of the rent is paid by the SSVF grantee.