All Forum Posts by: Jeff Pasmore
Jeff Pasmore has started 0 posts and replied 36 times.
Post: Which tool do you use to calculate net income yoy
- Central Florida
- Posts 40
- Votes 39
Quote from @Saurabh Kukreja:
Do you use any fancy tool that you plug in your numbers to calculate your net per year ? Or Just use excel ?
I use excel , but many times I forget to add any expenses and then it messes up the calculations.
How do experienced people do it ?
Post: Which tool do you use to calculate net income yoy
- Central Florida
- Posts 40
- Votes 39
Quote from @Saurabh Kukreja:
Do you use any fancy tool that you plug in your numbers to calculate your net per year ? Or Just use excel ?
I use excel , but many times I forget to add any expenses and then it messes up the calculations.
How do experienced people do it ?
Post: Raising Capital for Multifamily Projects
- Central Florida
- Posts 40
- Votes 39
Are you still "Rasing Capital"?
Post: Tax credit 45L for a 90 unit or 112 unit project? What should it cost?
- Central Florida
- Posts 40
- Votes 39
Key Details of the 45L Tax Credit:
- The credit offers up to $2,000 per eligible unit for builders and developers of residential homes that meet specific energy efficiency criteria.
- To qualify, the units need to meet or exceed certain energy performance levels in comparison to the national model energy code (e.g., the 2006 or 2009 IECC — International Energy Conservation Code).
Cost Considerations for a 90-unit or 112-unit Project:
The actual cost of qualifying for the 45L tax credit depends on various factors, including:
- Energy Efficiency Compliance: The primary cost will come from ensuring that each unit meets the required energy efficiency standards, which typically involve energy modeling, certification from third-party energy raters, and potentially upgrading insulation, HVAC systems, windows, and other components of the building to meet the necessary performance levels.
- Energy Modeling: Typically, you'll need to pay for an energy consultant or engineer to model the building's energy performance and ensure it qualifies for the credit. This could cost around $500 to $1,500 per unit, depending on the size and complexity of the project.
- Certifications: There may be additional costs for certifications (such as HERS ratings) or third-party testing to verify the energy efficiency of each unit.
For a 90-unit project, you could be looking at costs in the range of:
- $45,000 to $135,000 for energy modeling and certification (depending on the cost per unit).
For a 112-unit project, the costs would likely be:
- $56,000 to $168,000 for similar services.
Tax Credit Calculation:
If you meet the energy standards, you can claim up to $2,000 per unit. For a 90-unit project, this could result in a tax credit of $180,000, and for a 112-unit project, the tax credit could total $224,000.
Post: The Multifamily Mindset program. Biggest regret of so many people. Is it a scam?
- Central Florida
- Posts 40
- Votes 39
Quote from @Lutfiya Mosley:
Quote from @Jay Hinrichs:
Quote from @Lutfiya Mosley:
Ciel,
Thank you for sharing. To clarify for those reading the company is Prime Corporate Services out of Utah. The Multifamily Mindset also sell a website service called Engager AI to new students as well. Over the four years there’s been many complaints about Prime Corporate Services. It has cost many people including myself a lot of unnecessary money and still is because you deal with the tax portion of opening unnecessary LLCs recommended by supposed professionals. I question if they get kick backs or actually hold ownership in this company. Many education programs that could be scams promote junk services and the quality of all they sell or promote is definitely junk.
Everyone is suffering because of the damage this company has created and continues to especially those who invested in properties. I forgot to mention another sales tactic is to tell people at the three day class you can charge your investors the 40k tuition. The salesperson says, put it in the closing statement or underwriting template somewhere. Not true.
there ya go another Utah based fullfilment and education company. utah is ground zero for these enterprises.
Yes Utah is white collar crime, scam, fraud of the US I have learned. Their attorney general website is like NO other in the United States when you have had to go look at multiple states like I have. There are several "real estate programs" out of their that the FTC made return millions to people.
I just went to the 3 day seminar this weekend can you call me need advise Jeff Pasmore352-279-3449
Post: The Multifamily Mindset program. Biggest regret of so many people. Is it a scam?
- Central Florida
- Posts 40
- Votes 39
Quote from @Pokie Maynard:
There should be a class action law suit again multifamily mindset that has ripped off so many people and tore their lives apart in a horrible way. I became a member two years ago, striking zero deals. Multifamily mindset has recruited students from all walks of life such as teachers, medical doctors, veterans, real estate agents, business men, and I was included into a group (multifamily mindset encourages students to form groups) and one of them is a veteran who is divorced, has kids to support, not employed during that time, got a loan of $40,000 for the tuition. After enough try, he made nothing happen. He was terribly miserable, and you can tell from his Facebook postings he sounds desperate, you know the multifamily mindset Facebook group. Later on people heard him saying that he wanted to kill himself due to all the failed deals. You put all efforts and finally the outcome is zero.
One of their so called instructors from one of the training sessions asks the students to go to the five star hotels, or go play golf, or go horse riding, or go hang out at the high end night clubs for the sake of fund raising. I called them horror jokes. Who will give the hard earned money to strangers?
Let's do a math: one student x $40,000, then 1000 students x $40,000....... Seriously how many students that have been tricked into their training program? It's worse than the Trump University.
Would you be so kind to call me .. I just went to their 3 day seminar this past weekend ? 352-279-3449 Jeff Pasmore