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https://www.zillow.com/homedetails/2801-Broadway-St-New-Orleans-LA-70125/305048020_zpid/
**Institutional-Grade Excel Waterfall Model for 2801 Broadway** *(Copy/paste this logic into Excel or Google Sheets. Formatting: Inputs in blue, formulas in black.)* --- ### **Section 1: Assumptions & Inputs** | **Variable** | **Value** | **Notes** | |-----------------------------|--------------------|------------------------------------| | Purchase Price | $950,000 | 6.8% cap rate on pro forma NOI | | Hold Period | 5 years | | | Senior Debt (65% LTV) | $617,500 | 6.5% interest, 30-yr amortization | | Mezzanine Debt (15% LTV) | $142,500 | 10% interest-only | | Equity Contribution (20%) | $190,000 | | | Exit Cap Rate | 6.5% | | | Annual Rent Growth | 4% | | | Operating Expense Growth | 2% | | | AirBnB Occupancy Rate | 65% → 75% | Ramp over 3 years | --- ### **Section 2: Pro Forma Income Statement** **Year 1** | **Line Item** | **Formula** | **Value** | |-----------------------------|------------------------------------------|-----------------| | Gross Rental Income | =SUM(Long-term rents + AirBnB income) | $117,400 | | **Vacancy Loss** | =5% of Gross Rental Income | ($5,870) | | **Effective Gross Income** | =Gross Income - Vacancy | $111,530 | | **Operating Expenses** | =2023 Expenses + 2% growth | ($61,518) | | **NOI** | =EGI - OpEx | **$50,012** | **Year 2–5:** - Rent = Prior year rent * (1 + 4%) - Expenses = Prior year * (1 + 2%) - AirBnB Income: Year 1 = $22,500 → Year 5 = $28,800 (occupancy ramp) --- ### **Section 3: Debt Schedule** **Senior Debt (30-yr amortization):** | **Year** | **Beginning Balance** | **Payment** | **Interest** | **Principal** | **Ending Balance** | |----------|-----------------------|-------------|--------------|---------------|--------------------| | 1 | $617,500 | =PMT(6.5%/12,360,-617500)*12 | $39,638 | $6,912 | $610,588 | | 2 | $610,588 | ... | $39,128 | $7,422 | $603,166 | **Mezzanine Debt (Interest-Only):** | **Year** | **Interest Payment** | |----------|----------------------| | 1–5 | =142,500 * 10% | $14,250 |
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Info for text/calls
I've heard from a few people in other lives or videos talking about being careful not to get sued for texting/calling from your personal phone number trying to get deals. Anyone know what is this about?
1 like • Jan '25
The Telephone Consumer Protection Act (TCPA) is a federal law that regulates telemarketing calls, including those made by real estate agents. Here's how it applies to real estate professionals using personal phones: - Consent Requirement: Under the TCPA, real estate agents must obtain prior express consent from individuals before making marketing calls or sending texts to their cell phones. This consent can be documented through an opt-in checkbox or similar means, but it must be clear and specific. - Do Not Call Registry: If someone's number is on the National Do Not Call Registry, real estate agents are generally prohibited from calling or texting them for marketing purposes unless they have explicit permission or there's an established business relationship (which has its own set of rules under TCPA). - Automated Systems: The use of automatic telephone dialing systems (ATDS), which include any equipment that can automatically store or produce telephone numbers and dial them, is heavily regulated. Even using these systems for calls or texts to cell phones without prior consent can lead to violations. - Penalties: Violations of the TCPA can result in significant penalties for each non-compliant call or text. Fines can be between $500 to $1,500 per violation, which can quickly accumulate if the practice is widespread. - Real Estate Implications: Real estate agents often engage in cold calling or texting to reach out to potential clients like expired listings or FSBOs (For Sale By Owner). If these communications are made without the proper consent or to numbers on the Do Not Call list, agents could be liable under the TCPA. This risk extends to calls made from personal phones since the law focuses on the act of calling rather than the device used. - Recent Enforcement: There's been an increase in enforcement actions against real estate professionals for TCPA violations, as highlighted by various legal news sources and posts on X discussing class action lawsuits against real estate firms. This includes stricter rules for automated calls, changes in lead generation laws, and increased fines.
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Michael Lance
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@michael-lance-7201
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Joined Jan 25, 2025