Jerry A.
Exploring Cash-Out Refi Options
6 January 2025 | 5 replies
Higher loan balances we would likely see an opportunity in the future to refinance again due to lower rates so consider a 2-3 year prepayment penalty.Of course if you qualify for Conventional Financing (Fannie/Freddie), there are no prepayment penalties so just calculating out the return of investment timeline on point buy downs.Good luck shopping and let me know if you want to talk further!
Jonathan Small
Case Study: Cockroaches to Cash Flow
30 December 2024 | 1 reply
Here's the breakdown of rental income and expense analysis:1.Annual Gross Income: $25,800 (Monthly rent of $2,150 x 12)2.Annual Expenses: $25,800 * 0.40 = $10,3203.Annual NOI: $25,800 - $10,320 = $15,4804.Annual Debt Service: $10,680 (Calculated previously using a mortgage calculator with a loan of $131,775, 7.25% interest, and a 30-year term)5.DSCR: $15,480 / $10,680 = 1.45 (approximately)
Jimmy Rojas
Best place to get a -$40k personal loan
31 December 2024 | 3 replies
Quote from @Jimmy Rojas: Thanks for the reply, i think it may not be worth it after all, may I ask did you use a calculation app to come up with the mostly payments, if so, care to share it with me.One more thing.
Paul Stewart
STR Life- Remitting and paying Taxes
16 January 2025 | 11 replies
The only taxes I remit directly now are the tiny town tax they implemented of 1%.I just take my net income spreadsheet and calculate the 1% and give them a check.
Jared Fisher
Cleveland Property Manager Recommendations
11 January 2025 | 9 replies
Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.
Luisa Morejon
What to do with the proceeds of the sale of my home?
30 January 2025 | 18 replies
I would love a calculator that could help me make better decisions but not sure that exists.
Jerry Zigounakis
Best Growing Markets To Invest In
29 January 2025 | 14 replies
Hi Jerry, BiggerPockets has some great calculators you can use to analyze deals.
Robert Quiroz
Why are a lot of MFH being sold with rents under market
13 January 2025 | 30 replies
Quote from @Robert Quiroz: Quote from @Rick Albert: You have to keep in mind there is a calculation when it comes to increasing rents.On my last tenants of three years, I only increased once.
Kris L.
Selecting the right agent
26 January 2025 | 12 replies
A straightforward way to estimate value is by looking at the price per square foot and using that to calculate your property's worth.In situations like this, it's worth spending a couple of hours yourself to get a solid understanding of the market.
Sino U.
Seeking Advice - Multifamily Investment with Potential Short-Term Rental Strategy
1 January 2025 | 3 replies
Would love to hear your thoughts on whether pursuing this adjustment makes sense or if I should reconsider.For reference, I’ve included the following assumptions in my calculations:5% for maintenance3.5% for vacancy10% for capital expenditures and management feesThanks!