ilmscore | ‘Building’ 7-Figure Wealth with Just ONE Rental Property!

‘Building’ 7-Figure Wealth with Just ONE Rental Property!

Published: 2025-02-17
Status: Analyzed

Predictions from this Video

Total: 6
Correct: 0
Incorrect: 0
Pending: 6
Prediction
Topic
Status
The full development process for the Sedona project, including construction and refinancing to pay investors, is anticipated to take up to 24 months.
"both options were on a 24-month note because that just wanted to give myself a little bit of wiggle room for how long I anticipated the development to take out here in Sedona"
Real Estate Development Timeline
Pending
Building permits for the Sedona project are estimated to take about one month to be approved.
"we're estimating it may take about a month for building permits to go through"
Building Permit Duration
Pending
The construction phase of the Sedona development project is expected to be completed in late summer or early fall of 2025.
"once the permits are through then we'll start construction so sometime late summer early fall we're hoping to be completed with the project"
Construction Completion
Pending
The total all-in cost for the Sedona development, including land and construction, is expected to be around $1.1 million.
"our completed project should be in the neighborhood TurnKey ready to rent out to people should be all in at about 1.1 with the cost of the uh construction the cost of the land"
Real Estate Development Costs
Pending
The After Repair Value (ARV) of the Sedona development is projected to be between $2 million and $2.5 million.
"things around us are selling for anywhere between like $500 to $700 a square foot and so that would put our finished product at about 2 million to 2 and a half million valuation"
Real Estate Valuation
Pending
The Sedona short-term rental property is expected to generate $6,000 to $7,000 per month in free and clear cash flow.
"we should be cash flowing somewhere in the neighborhood of like six to7 thousand a month in Free and Clear Cash Flow"
Real Estate Cash Flow
Pending