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4 November 2024 | 17 replies
Listen to the Bigger Pockets Real Estate rookie podcast... you wont understand everything at first, but soon it becomes like your own language.Meet people in your area... network.. tell them what you are interested in, you will be so surprised that people will show up to help you.Avoid the gurus who ask for money, PRO membership here gives you access to the webinars and calculators you need to make it make sense for a newbie.
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30 October 2024 | 5 replies
The other thing I use for savings is my cash position in my taxable brokerage account which right now is getting 4.5% interest.
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5 November 2024 | 11 replies
For market pricing, I collect LTR data from BP rent calculator and multiply by 1.5x.
4 November 2024 | 8 replies
How should I calculate loss of use for 3 weeks?
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2 November 2024 | 2 replies
Calculating the cash flow for both properties:Property A: $1,800 x 12 - $2,000 - $1,500 - $250 x 12 = $15,100/YrProperty B: $1,600 x 12 - $800 - $600 - $35 x 12 = $17,380Property B is the better property once operating costs are included.SummaryBecause the rent price ratio does not include recurring costs, it almost always provides invalid results.
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8 November 2024 | 38 replies
Depending on what your income bracket is, this can significantly decrease your taxable income.
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7 November 2024 | 22 replies
Bookkeeping when it comes to real estate investments can get tricky.I often find the following mistakes occur1) They fully write off the mortgage payment when in reality the mortgage payment is broken down into Interest, principal paydown and an increase into the escrow account.2) If the property is managed by a PM company, do not factor in the PM Statement3) do not calculate depreciation expenseBest of luck in your search for a proper bookkeper.
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2 November 2024 | 1 reply
Does anyone have a recommendation for online calculators to map out the breakdown of monthly interest payouts easy?
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3 November 2024 | 10 replies
CoCR is only calculated in the first year of ownership.
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1 November 2024 | 10 replies
Here's a bit more in detail about how rates are calculated for DSCR loans:1.