20 June 2024 | 7 replies
While some feel they have become too commercialized, others still find them useful for learning.The property listings and tools like calculators and rent estimators that can aid in analyzing potential deals.The local meetup groups that allow investors to network and connect in their area.Overall, BiggerPockets is seen as a good free resource for beginner real estate investors to learn the basics, though the quality and trustworthiness of the content is debated, especially after the company was sold.
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21 June 2024 | 11 replies
For "cash flow" calculations, yes.
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20 June 2024 | 10 replies
Unfortunately, you also need to account for expenditures other than your debt service…I.e. repairs, vacancy, etc. usually people assume these as a percentage into their calculation.
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21 June 2024 | 2 replies
Upfront expenses and monthly payments must be considered when calculating the return on your investment.EXAMPLEI will provide details below, but here's the short version for those who hate to read or do math.
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19 June 2024 | 17 replies
According to https://goodcalculators.com/cap-rate-calculator/and other calculators, it is.
21 June 2024 | 10 replies
For tax purposes, you want to make sure you properly calculate your tax basis in the property.Your basis will be the purchase price of the property + Improvements.Best of luck
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20 June 2024 | 6 replies
Calculate your ROI by taking the annual rent increase and dividing it by the cost of renovation.
19 June 2024 | 4 replies
-If so, then you need to get the financials on that business (Annual Revenues, Expenses, Profit for last 2+ years) to add everything into your return calculations above.
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19 June 2024 | 0 replies
comped the final product type and calculated build costs.
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20 June 2024 | 7 replies
Lease Agreements, Form 1007, or Form 1025When current lease agreements or market rents reported on Form 1007 or Form 1025 are used, the lender must calculate the rental income by multiplying the gross monthly rent(s) by 75%.