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15 August 2024 | 4 replies
Each market/location varies on construction materials and labor costs plus comparable available existing properties to buy.3.)
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14 August 2024 | 19 replies
The "exchange rate" for conversions of tax deductions to tax savings vary from investor to investor.
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15 August 2024 | 16 replies
So we decided to spend the money and do the best way which was the heat treatment method which kills the bed bugs and the eggs.I remotely watched the thermostat go up to over 200 degrees and they held it for a couple hours.No problems since!
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14 August 2024 | 1 reply
It helps determine if the project will meet the desired profit margins.CoC (Cash on Cash Return): I find this particularly important for fix-and-flip projects, as it measures the actual cash return on the cash you’ve invested, giving a clear picture of short-term profitability.Cap Rate (Capitalization Rate): While more commonly used for rental properties, it’s useful in understanding the potential income from a property relative to its price.IRR (Internal Rate of Return): This is a great metric for longer-term projects or those with varying cash flows, as it takes into account the time value of money.Some investors might overlook metrics like AAR (Average Annual Return) or EM (Equity Multiple) if they’re not as relevant to their specific strategy.
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14 August 2024 | 10 replies
After graduating college with a degree in both marketing and finance I transitioned to the lending side of the real estate industry.
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14 August 2024 | 6 replies
First, the water bill varies so much.
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14 August 2024 | 7 replies
This will vary with the investor to whom the lender will ultimately sell the loan.
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14 August 2024 | 11 replies
This is typically the civil procedure you'll see, but it can vary state to state.
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14 August 2024 | 9 replies
We use a YTDpaystub and last year’s W-2(s) to calculate income several different ways:Hourly or salary income calculated to a monthly amountYTD income divided by number of YTD monthsYTD + W-2(s) income divided by the corresponding number of monthsIf these numbers vary too much, then we investigate and require an acceptable Letter of Explanation.Employment StabilityUnless an applicant has exceptional credit, we strive to determine their stability of employment to make surethey’ll always be able to pay the rent on time.
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13 August 2024 | 3 replies
I also think the rules vary whether you collect other tenants rent or not.