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19 July 2024 | 3 replies
For example, when I get up to “estimating rehab costs”, for me it’s like it’s impossible to know how to estimate rehabbing costs without reading an entire book on it.
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20 July 2024 | 2 replies
Another out-of-town real estate enthusiast, using local comparables, estimated an After Repair Value (ARV) of $40,000 with high confidence.
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21 July 2024 | 12 replies
They can point out everything they notice and give you estimates for operating the property.I also like to include a couple of checks in my underwriting to make sure I'm being reasonable.
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19 July 2024 | 4 replies
Is there a recommendation on how to estimate these numbers?
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19 July 2024 | 19 replies
I would not be surprised if an expansion like this was estimated at 5 - 7 months and for it to actually take 8 - 10 months.
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19 July 2024 | 2 replies
To answer some of your questionsGross monthly cash flow is $3200 rent - $2550 expenses = $650 Yearly cash flow= $7800Vacancy 8-10% is close to 1 month's rent so = $3200 yearlyRepairs: 5x rule = $576 yearly CapEx: 1% of property value yearly= $4,000 (includes Special Assessments)Once I deduct vacancy, yearly repair budget and capex estimate I'm breaking even, but is that real?
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19 July 2024 | 8 replies
To estimate offer price after showing, do you know what are the things to pay attention to look?
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19 July 2024 | 0 replies
Research analysts at Jeffries recently estimated that a $2.7 trillion refinance boom could start soon.Current odds on Fed rate cuts at upcoming FOMC meetings below.
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18 July 2024 | 11 replies
General terms:80-90% LTV/ 100% LTC with a cap at 70% ARV9mo note at 12.99% I/O3pts Origination$1k UW$1k LegalAdditional costs - title, appraisal, property insurance (~$2k)10% of renovation estimate as contingency due at closing.Renovation funds issued on a reimbursement basis for work completed.Looking for constructive feedback.Thank you to all that contribute.
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20 July 2024 | 59 replies
Cashflow is what's left over after you factor in repairs, capital expenditures, vacancy, property management, principal, interest, taxes, insurance.So it sounds like your not running numbers correctly - underestimating CAPEX which leads to over estimating cash flow.