Updates to the property will primarily be cosmetic to bring the property to current market standards. provides clean, quality homes in growing markets to well qualified tenants. Supplemental income will include: Forfeited Deposits Bounced Check fees (NSF) Late charges Damage and Cleaning Charges Application fees Pet Charges Lease Termination charges There are seven rental income properties within a 1 mile radius of the subject along with several multifamily apartment units.
For comparison purposes, the multifamily units have been excluded from this comparison.
Linda Rogers is a math teacher at Franklin Elementary.
Both owners have access to additional sources of revenue to supplement expenses associated with the investment property.
Below is a detailed summary of the Construction Budget: Steve Rogers personally knows the contractor, Ben Nelson, of Ben Nelson Construction, and has painted many houses for the contractor over the past 15 years. Nelson has approved the budget and believes that barring weather conditions, the project should be completed on schedule with minimal cost overruns.
Online Social Network Thesis - Sample Real Estate Development Business Plan
The contractor is reputable and is well known in the community for its integrity, finishing projects on time, and its quality of workmanship. The estimated time to complete the renovation and rehabilitation is one month. has located an approved tenant for the property as well.In addition to their outside revenue, the Rogers received a 0,000 inherence when Linda’s mother passed away recently. is purchasing their first investment property, a well maintained single family home located in the highly sought after Red Mill Estates subdivision. has a contract on the house and the sales price is 7,500. It is estimated the repairs will take one month to complete at a cost of approximately ,000. are requesting a ,750 commercial real estate loan to purchase the investment property.The property is in need of some repair and maintenance (primarily cosmetic). will contract the work to a well known contractor that is personally known by Real Estate Ventures, Inc. A tenant, known by the owners with excellent credit and references, has been located and is ready take occupancy the following month. The credit facility will be based on 15 year amortization and have a loan to value ratio of 50%.The following business plan will provide a history of Real Estate Ventures, Inc., its current and future plans, and its ability to repay this financial obligation.Real Estate Ventures, Inc.’s goal is to invest in quality – both in its properties and in its tenants.A teacher and acquaintance at Linda’s school has requested to occupy the unit.The single mother of two recently divorced and is currently living with a relative. extensively researched the local market and found it met their key criterion. is a newly formed S-Corporation wholly owned by Steve and Linda Rogers for purposes of purchasing and owing income producing real estate. fills the void in the local Franklin, Tennessee rental housing market by providing clean, well cared for rental homes to well qualified tenants.Neither the homes nor the ten\ants are chosen on a hasty basis, but rather on purposeful, planned and methodical basis.Together they attended several continuing education classes at their local community college and decided upon the subject property for their first purchase.The 1,356 SF house is located in the Red Mill Estates neighborhood.