All Forum Posts by: Ifegwu Sampson Ifegwu

OMG! Thank you for that. Literally tried Nathan's advice and found a GREAT one. Currently with Innago. They're system is so easy to use.

Currently have one Single-Family House Hack in Upstate NY, shaped as a Duplex with 2 units that have all basic amenities. One unit on top with 3bd/2full bth and bottom unit with 2bd/1full bth. Currently renting by the room but moving to Germany in about 3 months. 

I amateurly but successfully self-managed for a year. Currently looking at property management softwares IOT make this self sustaining whilst we are gone. 

My question to the community is what online Property Management Software Companies do you guys find easy to use, especially for new investors that will be (or currently) out of the county like myself? 

***Lol, the cheaper and easier to use, the better of course. Still new to this investing lifestyle and would not like to break bank on our first property***

Here in Upstate NY (Watertown)

Looking for an REI Group or something close, whether it be virtual or in person (due to COVID)

I do consistent deal analyses, trying to network with others on ideas on how to go about with these fixer uppers and potential Buy&Hold properties I’ve found already

So, the refinance portion is still confusing to me

Let me explain what I know and hopefully one can reply with numerical example(s)

You have a property worth 200,000, down payment paid at 20%, so mortgage is currently 160,000.

Property goes up in value 50,000. Internal ARV at 250,000

You go to bank to cash-out-refi

250,000 * 80% = 200,000 LTV

That LTV is now subtracted by your old mortgage original amount? or what's left over.....then I get lost

@Matthew Hoover @Matt "Roar" Gardner thank you gents. Will be giving them both a call this afternoon

Wife has orders down to Florida (Dual military both active duty Army) looking for great lenders within Crestview area that deal with VA Loans (or FHA to stay away from using VA just yet). Looking for a great property to House Hack. Found a couple great deals since the area is great for future rentals and Buy/Holds. Hoping to get some great referrals/suggestions of a few lenders that are able to work with lower credits especially during these times where lending requirements have changed (COVID)

@Tom Shallcross

I understand now. This leads me to my next question.

I see where he finds the monthly expenses without debts, but how did he calculate the P&I?

I’m doing the math as we speak (clearly I’m new to calculating this all and finding then understanding where all these variables and number equate to certain things)

https://www.youtube.com/watch?v=DHsbGR4zg5Q

If you watch this video and skip to about 11 minutes in. How in the world does he get the numbers for that NOI. Can someone please explain to me if this calculator is broken, or am I too new to real-estate. I've spent all night reading and watching videos on how you accurately calculate NOI and I can't find why his number is that