Christopher "Bear" DeSanctis
DSCR Ratio - how is NOI estimated
2 August 2024 | 10 replies
Your NOI will be 12x your rent, if you have a PM contract in place that fee will come off and that will be your NOI, Then they will multiply out 12 PITI payments and get your 12 month debt service and subtract the two to get your yearly profit as an investor.
Cliff Durrett
How to calculate a properties value as a STR?
28 July 2024 | 2 replies
Differences (condition, bed/bath, age, amenities) are added/subtracted from the comps to determine the value of the subject property.
Adam Sha
Analyzing Pros and Cons: Building an ADU vs. Buying Rental Property in a Cheaper Mark
17 July 2024 | 4 replies
So it is a value subtract
Zoey Inda
Should we buy out co-owners of rental property?
15 July 2024 | 1 reply
Total profits last year—subtracting property taxes, management fees, insurance, and repairs—were approximately $12k (which was then divided into shares for us and relatives).The city is Grants Pass, Oregon, population 40k, with median household income around $50k (50% lower than the national average).
Joshua Smith
House Hackers: What unexpected issue(s) did you have to deal with when starting out?
14 July 2024 | 16 replies
They put a property up on the market, put the taxes, insurance, and utilities on there, subtract an estimate for the mortgage and then say this property is a "cash cow!"
Noelle Kamel
Owner occupied eviction, non-renewal or nonpayment of rent
10 July 2024 | 2 replies
On July 1st, they sent a text message saying they did not agree with the rent increase and gave us a check for $900, subtracting the "overpayment" from June and stating they would be paying the $1350 moving forward.Our town does not have rent control (we checked prior to raising the rent) but we do acknowledge that raising the rent by 33% could be seen as unconscionable although NJ law does not specify a dollar amount or percentage on rent increases.
Tyler Gilpin
Keeping track of portfolio financials
8 July 2024 | 20 replies
This is where the market value of my portfolio gets added to the money in the bank accounts, then I subtract the debt on the properties.
Steven Garza
BRRRR Vs Flip When And Why!!
6 July 2024 | 16 replies
Subtract all costs (mortgage, property taxes, insurance, maintenance, property management fees, and HOA fees) from rental income to determine the estimated monthly cash flow.
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.