Hi BP!I am joining a team that renovates and rents REO properties. I have tried gathering information on best strategies and practices but I am having issues. How much do the numbers change when it comes to renovating...
I would like tips on what goes into calculating cash flow, cap rates and expenses with a rental property. I want to get a good understanding of how to do it myself.
So let's say a duplex that cost 115,000 and i do a f...
I am working on a non-conventional duplex. Monthly income is $2300. I typically set aside 10% for each vacancy, prop mgmt, and repairs/cap ex. What would be more reasonable amounts to use?The one side, the largest amo...
Hello, this is my first post and I am "stuck" emotionally on making an offer and wanted some thoughtful imput from the forums.My deal is located in an up and coming area 30 minutes from Charlotte,NC. Its a all brick ...
Why do you not include your monthly mortgage when subtracting operating expenses from your Net income. Seems to me this could lead to some misleading numbers when evaluating properties. If anyone could clear this up ...
I am barbershop owner of 11 years and it’s time to own and stop renting. What calculator can I use for projections on the property? Renovations are also needed to make the barbershop operational i was wondering shoul...
I'm evaluating my first potential income property. I have a few questions about the percentages most of you use? Specifically- repairs, capital expenditures, property management. Also future assumptions- Income, Prope...
hello BP Community,
My question is if I'm buying a house in area I am not familiar with. how would I go about finding out what the vacancy rate is or is there a site that you could go on that has that information?
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I'm trying to do some calculations using the calculators (in particular, the BP Wholesaling calculator for rental properties). I'm wondering, though, how to find the estimates for the expense calculations. I'd like to...
So I've read that you divide the yearly rent by the down payment or cash in the deal? Is that close to right?
So if I have a 3plex and I occupy 1 of the units, how do I calculate COC?
I did a search and really couldn...