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20 September 2024 | 19 replies
Consider property types, low down payment financing options, cash flow calculation, tenant screening, and property upgrades.
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18 September 2024 | 35 replies
Their pro forma sheet doesn't take into account ANY vacancy or repairs when calculating cash flow, and the rent comps are...ambitious. 1.
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19 September 2024 | 13 replies
Here's a bit more in detail about how rates are calculated for DSCR loans:1.
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20 September 2024 | 21 replies
Run it through a BP calculator with an average rent growth and appreciation and see what happens in 10 years.
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22 September 2024 | 13 replies
Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.
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18 September 2024 | 10 replies
For these properties, I’ve calculated the Net Operating Income (NOI) based on 100% occupancy, then subtracted approximately 33% for expenses.Storage 1Unit Number: 105Size of Land: Litter under 1acre, probably not expandablePopulation: about 34K within 3 miles,Population Growth: 2-5% per yearTraffic Count: about 4KRent at 100%: $110KProjected NOI after deducting 33%: $73.7KAsking: $900KOffer price: $730-780K?
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20 September 2024 | 17 replies
.- You should pay for the premium version so you can see the comps that went into their calculation to factor if you have a superior or inferior product.- AirDNA is more accurate in areas with more comps and less variation in amenities and unique properties.- Check results against enemy methodBest of luck!
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27 September 2024 | 66 replies
@Nicholas L. unfortunately no, BUT it handles a lot of the typical calculations that an investor would typically do before you even walk on-site to a property.
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18 September 2024 | 13 replies
Networking with mentors and partners, choosing niches like multi-family properties or Airbnb, and analyzing deals using BiggerPockets calculators can help build a successful portfolio.
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18 September 2024 | 6 replies
If you bring the missing skills to the table, you both win and you will learn what you feel you are lacking now.Use the calculators on BP to get you focused on deals and see what works and what does not work.