
10 July 2024 | 11 replies
You will get good enough that you will be able to run these calculations in less than 2 minutes for a ballpark estimate on a house you are looking at.

11 July 2024 | 10 replies
The right loan officer can calculate all of this for you and set you up for success not only now but for future properties too.And as I mentioned, you can not only use your VA benefit for 1 property, if your purchase price is low enough, you will have secondary/bonus entitlement to buy a second property with a VA loan.

13 July 2024 | 51 replies
My understanding is that for first time investors potential rental income is not calculated when applying for the loan.

10 July 2024 | 6 replies
Failed listings could mean canceled listings, expired listings, or where there have been no updates to a listing for X period of time and they just move them to failed.Equity could be calculated based on FMV - original mortgage OR FMV - estimated current mortgage amount.

9 July 2024 | 4 replies
View report*This link comes directly from our calculators, based on information input by the member who posted.First time rehabber here, looking for any helpful information.

9 July 2024 | 5 replies
So, selling price of $645,000 minus purchase price $415,000 minus new kitchen $50,000 is taxable about $180,000 at 28% tax is $50,000 tax to IRS.

12 July 2024 | 17 replies
In our opinion, an investor should only work with agents that meet at least one of the following:1) Own rentals themselves for at least 24 months2) Have a 3-5 year track record of rental transactions, that they can document3) Know how to calculate 1% Rule, ROI, NOI, etc.4) Have access to tired investors selling the rentalsHopefully, the agents you've been referred to meet one or more of these:)

8 July 2024 | 3 replies
The rental property itself provides the tax benefits and not necessarily the entity structure.Depreciation should wipe out your cash-flow from being taxed, especially given the high prices of properties right now.You should have your tax returns reviewed if your properties are reporting positive taxable income.

9 July 2024 | 5 replies
The easiest way to prove the value you bring as an agent is to calculate your hourly wage when someone thinks you make too much money.

10 July 2024 | 6 replies
Most Insurance companies have estimating programs that calculate the amount needed.