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26 December 2024 | 0 replies
Here's the breakdown of rental income and expense analysis:1.Annual Gross Income: $25,800 (Monthly rent of $2,150 x 12)2.Annual Expenses: $25,800 * 0.40 = $10,3203.Annual NOI: $25,800 - $10,320 = $15,4804.Annual Debt Service: $10,680 (Calculated previously using a mortgage calculator with a loan of $131,775, 7.25% interest, and a 30-year term)5.DSCR: $15,480 / $10,680 = 1.45 (approximately)
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23 December 2024 | 8 replies
Does anyone have a service or company they'd recommend for this?
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26 December 2024 | 4 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
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28 December 2024 | 8 replies
Just something basic that is serviceable and lasts.
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2 January 2025 | 12 replies
Please reach out to me if I can be of service or answer any questions.
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3 January 2025 | 40 replies
I think anything held over ten years for the most part, if bought even decently, should turn around, but too few investors are an top of their declining investments. 29 separate doors is a lot to manage.
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26 December 2024 | 8 replies
You can do an 80% LTV cash out refinance, but it will depend on the state and if the property can debt service at the higher LTV
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23 December 2024 | 9 replies
•Tenants demand prompt, high-quality service and without caring about cost •Vendors seek to earn as much compensation for their work as possible.Balancing these needs requires thoughtful stewardship, strong communication, and a commitment to fairness.
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26 December 2024 | 7 replies
But honestly, you'll want to shop around and compare a few local PMs since fees and services can vary quite a bit.
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16 December 2024 | 1 reply
Economic Timing.According to data compiled by Marcus & Millichap[2], the Portland area has experienced three very important trends since 2010:The average price per unit for apartments has nearly doubledThe rate of employment growth rose from 2010 to 2015 but has since declined steadily, projected to be up 1% for 2020 (estimated before COVID-19)Roughly 30,000 apartments have been built since 2010, with another 5,600 units slated for construction in 2020Most RHA members have enjoyed a solid decade of price growth, rent growth and steady occupancy.