Robert Tyler
Slade Harrison
Help me calculate COC return....
9 September 2018 | 2 replies
. $5000Total investment: $30,480Mortgage payment: $530/month (Conventional 30yr at 4.6%)Annual rental income: $21,000Annual Expenses: Property tax $1200 (verified through property appraiser website)Insurance $1,200 (best guess)Prop man.$1,680 (8% of rent)Mortgage $6,360Calculations:NOI = Income (minus vacancy)- Expenses (Prop tax, insur, and Prop mgt) = 21,000- 4,080 = $16,920Cash Flow = NOI - Debt service (mortgage) = 16,920 - 6,360 = $10,560ROI = Cash flow/ Investment basis = $10,560/ $30,480 = 34.6%Cap rate = NOI/ Purchase price = 16,920 / 129,900 = 13.0% Cash on cash = ???
Christian Wamsley
Finding a real estate investment group
9 September 2018 | 1 reply
@Christian Wamsley right on man !
Christopher R.
Which Cleveland suburbs to focus on?
9 September 2018 | 9 replies
All 3 of those are nicer areas than Maple Heights & Warrensville Heights.Thanks man.
Kai Van Leuven
How to Add Value, 12 Unit Complex. Any Ideas?
9 September 2018 | 8 replies
I was offered one but I have had too many fires to put out to go pick it up.I hope the tax man avoids my property for the next 10 years...
Chayson Descisciolo
Veteran Mortgage Broker, Newbie Investor from Orange County, CA
16 September 2018 | 10 replies
Audible has been my best friend and I’ve gone through a few of the newbie reads like Richest Man in Babylon, Rich Dad Poor Dad, and Cashflow Quadrant.
Ondrej Marimar
Tips for Indianapolis RE Management Company - Abroad Investor
10 September 2018 | 3 replies
All the best man!
Shaun Calloway
Taking over Houston, one deal at a time!
10 September 2018 | 4 replies
You’ll learn 1000x more but doing v reading (at least I did)Best of luck man!
Alex M.
Listing price on house dropped 10k after i won auction
12 September 2018 | 10 replies
@Tom Gimer thanks man that makes sense to me!
Donte Marcy