Pawaroon Chandanaraja
Guidance on starting out with 20k in New Jersey
16 July 2024 | 15 replies
Invest that $20k in learning a skill that will multiply those funds or JV with someone
Kobe McDaniel
How to comp a property with no comps?!?!?
14 July 2024 | 4 replies
One potential way to get super conservative is to take the least valuable income stream and multiply the NOI by comps for that income stream.
Evelyn Guo
K1 loss tax report for non-resident state (NC)
13 July 2024 | 10 replies
The result is multiplied by the percentage obtained when dividing the portion of total federal grossincome derived from North Carolina sources, as adjusted, by the total federal gross income,as adjusted.
Mikhail Pritsker
Underwriting Tricks: Mastering the Basics and Beyond
9 July 2024 | 2 replies
As the foundation of real estate investment analysis, underwriting allows us to evaluate potential returns and associated risks accurately, ensuring informed and confident investment decisions.Understanding critical metrics like Net Operating Income (NOI), Capitalization Rate (Cap Rate), Debt Service Coverage Ratio (DSCR), Gross Rent Multiplier (GRM), and Cash-on-Cash Return is essential.
Denis Ponder
VA Home Loan Question
8 July 2024 | 6 replies
Yes you can as long as your father will live in the home as his primary residence and you put enough down to cover your portion of the loan that VA will not guarantee.Here are the VA guidelines for calculating the down payment.VA calculates the guaranty as described in the table below.Step Action1 Divide the total loan amount by the number of borrowers.2 Multiply the result by the number of veteran-borrowers who will beusing entitlement on the loan.There is usually only one veteran borrower, in which case the resultof this Step is the same as the result of Step 1.3 Calculate the maximum potential guaranty on the portion of the loanarrived at in Step 2 (as if that portion was the total loan).Use the maximum guaranty table in section 4 of chapter 3 of thishandbook.4 VA will guarantee the lesser of:• the maximum potential guaranty amount arrived at in Step 3, or• the combined available entitlement of all veteran-borrowers.5 VA makes a charge to the veteran-borrower’s available entitlementin the amount of the guaranty.If more than one veteran is involved, VA divides the entitlementcharge equally between them if possible.
Dan Green
Subject to on a VA loan
7 July 2024 | 12 replies
You can have multiple VA loans (personal experience - I've had BA loans, although not at the same time), but they work off of a max loan amount (~$417k but also depending on where you live, as different areas have some type of cost of living multiplier added to the equation).
Steve Sayler
Fired Prop Mgr, now getting charged with "Cancelation fees" - Is there a solution?
8 July 2024 | 17 replies
The cancellation fee will be calculated at the amount of the last full month Management Fee rate multiplied by the remaining number of months in the term or until expiration of the existing tenant’s lease, whichever is greater.The background: I was using LSI Property Mgtm Corp to manage my 3 duplexes in Panama City FL.
Ryan Keenan
VA loans
7 July 2024 | 27 replies
If you have already used some of your eligibility, take 25% of your loan limit, subtract the used eligibility from your COE, and then multiply that number by 4.
Francis Figueroa
Does Wholesaling Make Sense?
5 July 2024 | 10 replies
Using a formula you can multiply the cost of repair per sq feet by sq footage of the house and you will get a rough estimate of the repair costs.
Mike K.
RE Investing - Not a good option right now
10 July 2024 | 112 replies
What kind of multiplier are you going to pay for this business?