ilmscore | My $100,000 Rental Property NEEDS Renovations!

My $100,000 Rental Property NEEDS Renovations!

Published: 2022-09-13
Status: Available | Analyzed

Predictions from this Video

Total: 7
Correct: 0
Incorrect: 0
Pending: 7
Unrated: 0
Prediction
Topic
Status
The speaker anticipates investing $25,000 into a property purchased for $100,000, focusing on repairs like the walkway, with the intention of keeping it as a rental property.
"The landscaping here it's not bad but it's also not great either... The walkway here sucks... it needs replaced if we have this as a rental which we're going to keep it as a rental I don't want the liability of someone getting poked with a nail we're getting this place for a hundred thousand dollars I expect to put 25 000 in it we're going to quantify it through the inspection today make sure that we're in the ballpark to confirm my initial rough estimate on it"
Real Estate Investment Strategy
Pending
A property is projected to generate $1500 per month in rent, exceeding the 'one percent rule' for rental property profitability.
"this place will rent for 1500 bucks a month so we'll be better than the one percent rule"
Real Estate Rental Income
Pending
After investing $125,000 in total, the property is expected to have $75,000 in equity, resulting in a loan-to-value ratio of approximately 60-65%.
"we'll have 125k all in 75 000 in equity so we're like what 60 65 loan to value maybe a little worse than that"
Real Estate Investment Valuation
Pending
A facility with 36 storage locker units, rented at an average of $70 per month, is achieving a 95% occupancy rate.
"but we're at a 95 occupancy which is totally amazing for 36 storage locker units at 70 a month on average"
Storage Locker Occupancy Rate
Pending
A car wash has been non-operational for two hours due to an error, specifically 'carriage resistance detected arm jam'.
"the car wash has been out of commission for two hours"
Car Wash Maintenance
Pending
The 'carriage resistance detected arm jam' error has occurred previously in the car wash system, with the last instance happening at 11:30.
"this is the error that we've had in the past and it was at 11 30"
Car Wash Technology
Pending
The speaker speculates that the recurring 'carriage resistance detected arm jam' error in the car wash might indicate future problems and suggests monitoring the system closely.
"or maybe it's a sign of worse things to come I don't know it's resetting so we should probably watch our car for science real quick"
Car Wash Technology
Pending