Michaela Perez
Using income generated from a property to qualify for FHA loan
18 January 2023 | 8 replies
It's not as magical as sources monetized by clicks/ads will tend to indicate: IRL each $500/mo block of rent will bump your buying power by about $20k.So if the other unit generates $1500/mo, it'll bump your buying power by about $60k.Talk to your loan officer about specific exact numbers particular to your scenario, but it's not going to jump from $20k per $500/mo to $30k per $500/mo.
Patrick Rowe
Need advice on a 4plex
18 January 2017 | 2 replies
Patrick,I redid this to make it easier to read:Monthly Income: $2,875.00Monthly Expenses: $2,468.65 Monthly Cash Flow: $406.35 Pro Forma Cap Rate: 8.84% NOI: $18,485.75Total Cash Needed:$0.00 Cash on Cash ROI: Inf% Purchase Cap Rate: 9.99% Property Information Purchase Price: $185,000.00 Purchase Closing Costs: $5,000.00 Estimated Repair Costs: $2,000.00 Total Cost of Project: $192,000.00 After Repair Value $209,000.00 Down Payment: $0 Loan Amount: $193,920.00 Loan Points: $1,920.00 Loan Fees: Amortized Over: 30 years Loan Interest Rate: 5.770% Monthly P&I: $1,134.13A few red flags for me:1) PRO FORMA CAP RATE = made up numbers2) I see $406.35/mo net and an NOI of over 18K?
Josue Caliz
Is this deal too personal
17 January 2016 | 9 replies
The way I would try to 'monetize' a short sale opportunity is to refer her to a short sale broker that will scratch my back with comps and referrals down the road.
Rick Lucias
Becoming Licensed.. benefits ?
18 February 2014 | 7 replies
Just something to think about.What she said...Listing properties isn't the hardest thing in the world but to do it well does take some time and effort (and money).If I were you I would do exactly as Joan said and find a couple top listing agents in your area and just get the referral fees.Benefits here besides monetizing those leads with out much effort is that you can get in good with these agents.
Tyler Galloway
Should I purchase a 2nd rental property out of state?
6 August 2019 | 3 replies
My wife and I already technically have a property (we moved out of our condo and have been renting it out with a $700/mo net).Our best option right now would be a cash out refi on the condo.
Jennine Booth
Purchasing land with all the utilities available
9 October 2023 | 10 replies
Hello, I am trying to find ways that I can purchase land for an RV campground and convince a lender that this is an excellent idea. there are so many ways to monetize it. for instance: Rv storage, personal belongings storage units, boondocking, full/partial hookups, laundry, showers, bathrooms, RV wash stations, monthly clubhouse fees with gym equipment swimming and party pavilion access, camp store. etc what are some platforms/avenues i can take to raise say idk 375k and maybe a little extra for start up cost?
Jason Schmidt
US Credit Rating Downgraded: When will we see interest rates go up?
6 August 2011 | 5 replies
They won't call it QE3 but it will be more monetization of the nation's debt.
Eric L.
Paying off government debt
14 August 2011 | 18 replies
Economic activity would slow, because why should people work hard just to have the government take it all from them.If done by monetizing the debt (i.e. printing money to pay it off) there will be massive inflation and much higher interest rates.
Chris Thomas
Survey over property line - what are the options?
23 June 2020 | 12 replies
(For sure talk to lawyer before offering Monet, maybe even before talking to the city.
Cheryl Craigo
Requesting Recommendations for Setting up a Seller Finance Deal
22 October 2018 | 2 replies
And, $195/mo net gives you hardly any little wiggle room when your rental market flattens out.