Erick Jackson Email & Phone Number

I love all things real estate! I was hooked the first time I played monopoly as a teenager. Now, as an ambitious entrepreneur and real estate investor, I know what it means to have expenses that often gobble up your cash flow. For example: a few years ago, I was trying to get a commercial property refinanced in order to drop the high interest rate which was also eating into my cash flow. I was not having much success with appraisers getting to the desired value of what I thought my property was worth. I became a bit discouraged, until I listened to a podcast that changed my perspective. With a new found "hidden ROI" mindset, I ran the numbers on a couple of scenarios. I then decided to replaced a furnace that provide some heat for this particular commercial multifamily property located in central Pennsylvania. By replacing the old unit with a new unit, my costs for fuel were cut in half. The savings came to be approximately $183 per month, which for example is equivalent to a 20 year $100,000 loan dropping from 7.42% to 4.21%. The cost of the project was approximately 6k. That is a 36.6% cash on cash Return on Investment! The additional $2,196 of annual cash flow at a conservative 7.5 cap rate, improved the property's value by $29,280. The next appraisal was a testament of the wisdom found in being a good steward with the right perspective.Hidden ROI truly is a great way to take your assets or business to the next level.