ilmscore | How to make $150K a month

How to make $150K a month

Predictions from this Video

Total: 10
Correct: 0
Incorrect: 0
Pending: 10
Prediction
Topic
Status
A newly configured single-family house on the property will be rented for $2,800 per month.
"Now you have a backyard single family house that I can rent out $2,800."
Real Estate Rental Income
Pending
For delinquent tenants who move out, their units will be rehabbed, and rent will be raised by $400.
"they'll move out and I'll rehab their unit and raise the rent 400 bucks."
Real Estate Rental Income
Pending
Implementing submeters will offset high water costs by making tenants responsible for their water usage.
"I want to do submeters. In this particular property, there is an opportunity to offset the high water costs by implementing a system where the tenants can pay for their own water."
Real Estate Expense Reduction
Pending
Target rent for two-bedroom units is $1,650 and for one-bedroom units is $1,450.
"See if you can get the 1650. That's what we're trying to get. $1,650 for the twos, 1450 for the ones."
Real Estate Rental Income
Pending
The property will receive at least an additional $500,000 in investment for improvements.
"We're going to probably throw at least another half a million or more into it."
Real Estate Investment
Pending
The property's value is expected to increase by at least $30,000 per unit across 88 units.
"So hopefully, we're going to increase the value hopefully at least $30,000 a unit here. There's 88 units."
Real Estate Property Value
Pending
After renovation, a specific single-family unit on the property will be rented for $2,800 per month.
"Now you have a backyard single family house that I can rent out $2,800."
Real Estate - Rental Income
Pending
Target rental income for 2-bedroom units is $1,650/month and for 1-bedroom units is $1,450/month.
"That's what we're trying to get.$1,650 for the twos, $1,450 for the ones."
Real Estate - Rental Income
Pending
An additional investment of at least $500,000 will be made into the property.
"We're going to probably throw at least another half a million or more into it."
Real Estate - Investment
Pending
The property's value is predicted to increase by at least $30,000 per unit (totaling at least $2,640,000 for 88 units).
"hopefully, we're going to increase the value hopefully at least $30,000 a unit here. There's 88 units."
Real Estate - Property Value
Pending