Paige Seeley
Funding for a portion of a down payment
15 January 2025 | 6 replies
The property rents for about $4K/month total.
Steve Stinson
2025 Investment Report: Fourplex Investments in Huntsville, AL
20 January 2025 | 2 replies
Cash Investment Report: 4-Plex Investment in Huntsville, ALInvestment Overview Property Type: 4-Plex Purchase Price: $450,000 Gross Monthly Rent: $900 per unit ($3,600 total) Annual Gross Income: $43,200Operating Expenses Property Taxes: $4,500 annually Insurance Costs: $2,000 annually Property Management: 10% of gross rent = $4,320 annually Miscellaneous Expenses: $25 per unit per month = $1,200 annually CapEx Reserve: 10% of gross rent = $4,320 annually Total Annual Operating Expenses (Excluding Rehab):$4,500 + $2,000 + $4,320 + $1,200 + $4,320 = $16,340Net Operating Income (NOI) NOI Calculation:$43,200 (Annual Gross Income) - $16,340 (Operating Expenses) = $26,860Cap Rate Cap Rate Formula:✓
Cap Rate = ($26,860 / $450,000) × 100 = 5.97%One-Time Investment Costs Rehab Costs: $10,000 (one-time upfront investment) Total Cash Required (Excluding Financing): $460,000Investment EvaluationStrengths: Competitive Cap Rate: 5.97% aligns with national averages and reflects a stable investment in a growing market.
Bruce D. Kowal
🌟 1031 Exchange QI Selection: Relationship & Reputation Deep Dive (Part 3/3
16 January 2025 | 0 replies
Pressure to use affiliated servicesHidden fee structuresPROFESSIONAL BOUNDARIES ⚖️Good QIs maintain:Clear fee disclosuresWritten policiesProfessional distanceEthical guidelinesWATCH OUT FOR 👀QIs who:Push investment productsOffer tax or legal advice without credentialsSuggest "creative" solutionsPromise guaranteed returns on exchange fundsBEST PRACTICES FOR VETTING 📋Check multiple referencesVerify professional membershipsResearch online presenceReview complaint historyExamine years in businessINDEPENDENCE MATTERS!
Gregory Chadwell
Anyone use APPFOLIO?
7 January 2025 | 6 replies
it is already the 6th day of the month, and most of our tenants made the on time rental payment on the 1st.we am copying our attorney soon and will report to the police department for lost $49,987.00 tenant rental income.So far we have called your customer services and online chat but nobody is answering.
Nina Erlandson
Has anyone used Obie Insurance?
11 January 2025 | 54 replies
From it I have obtained the name of another competitive insurer to add to my arsenal.I have not used Opie, but after reading the posts here, I went online and obtained a quote for one SFH rental.
Denise Lang
Starting our investing journey. But how to that that out of my home state?
2 January 2025 | 36 replies
We live in California at the moment and I have W2 job and my wife a small online business.
Bryan Perea
New to biggerpockets
4 January 2025 | 4 replies
Unfortunately, while all the online places area great sources of information, you are much less likely to take action, or find someone to shadow, when online in a forum.
Jennifer Turner
How to modify terms of a seller-financed mortgage?
13 January 2025 | 8 replies
Our current mortgage terms include a late fee after 5 days, so they’re already paying extra each month and have to split the total monthly payment up between 2-3 payments when they get their pay check.
Michael Overall
DST or other mechanism
20 January 2025 | 3 replies
Say they sold the properties over 3 year period and could not sell the rentals together as a portfolio.Could they put the money from each sale into a DST then use the total to buy a expensive rental property?
Tiffy W.
Do you suggest renting PO Box to collect rent?
1 January 2025 | 32 replies
It will be easy for you to check if they paid on time, as you can check instantly online.