William Harvey
Accounting for house flippers
10 September 2024 | 29 replies
I was told to create an S Corp and run all expenses through it and in QB the flips are divided by address into its own "class" as suggested by @Marty Boardman as well.
Grant Baker
Investing with partner - Tax advantages
6 September 2024 | 7 replies
If you are purely doing it for investment purposes, it might be wise to consider not living in the unit so you don't need to divide everything up.
Mohamed F.
What are your cash flow percentages? (residential)
4 September 2024 | 2 replies
I took the rents I received at year-end and divided the cash flow from operations by that.
Clayton Silva
Hot Topic: To pay or not to pay (points), that is the question?
5 September 2024 | 2 replies
Someone who is less risk averse may be willing to wait to see if rates drop more significantly and take the higher rate for now and refinance down the road but for the less risk averse, it's definitely a meaningful conversation and pretty easy to quantify by taking the cost and dividing it by the monthly payment savings to determine a "break even" period to see if that makes sense for the client.Curious to hear others' thoughts on this.
Maleshia Gilcrease
fha 203K or homestyle reno loan
5 September 2024 | 4 replies
Borrowers are not allowed to complete any of the work themselves as sweat equity.Loan to Value Calculations:The original principal amount of the mortgage may not exceed Fannie Mae’s maximum allowable mortgage amount for a conventional first mortgage.Purchase: For a purchase money transaction, the LTV is determined by dividing the loan amount by the lesser of the “as completed” appraised value of the property or the sum of the purchase price of the property and the total rehabilitation costs.Refinance Transactions: For a refinance transaction, the LTV is determined by dividing the original loan amount by the “as completed” appraised value of the property.Eligible Renovation:There are no required improvements or restrictions on the types of repairs allowed.
Kevin L.
First Primary Home
4 September 2024 | 4 replies
Divide 6720 with 16500 = .40 or 40% annual return.
Mikhail Pritsker
Sponsors Underwriting Steps. 10 Questions to ask on the first call
4 September 2024 | 7 replies
This post will explore the sponsor underwriting process, utilizing a structured and practical approach for assessing potential sponsors.Sponsor Screening ProcessThe sponsor screening process can be divided into several key steps, each crucial for a thorough evaluation.
Margot Weatherford
Family Dollar -Dollar Tree
4 September 2024 | 10 replies
Due to the size of these stores it makes it very difficult to rent these locations and in most centers you have to divide the space which requires significant modifications to hvac, electrical, plumbing and storefronts.While this doesn’t answer the questions gives things to consider if buying one.
Sani Shu
Anybody familiar with Keystone Funding Network?
6 September 2024 | 79 replies
What's $5,000 divided by 3 anyway??....
Michael Calvey
Are Airbnb bans actually hurting renters, homebuyers, and your local economy?
5 September 2024 | 26 replies
Then divide the number across the 50 states.