Tahreak Robinson
New Construction Multi-Family Investor
7 June 2024 | 7 replies
An architect and a GC are only a part of the formula.
Nathan Gesner
Are you investing in self storage?
6 June 2024 | 57 replies
No magic formula, no special script.
Marshall Rousseau
Rotten Redwood Repair with Fix-it-all?
5 June 2024 | 3 replies
That said there are other more expensive products like MH Ready Patch (original formula with high VOC levels if you can find it), Synko Patch and DAP Platinum Patch which are designed for both interior and exterior use on wood, plaster, masonry, etc.
Christopher Stevens
ChatGPT can calculate ROI and cash flow
5 June 2024 | 14 replies
Loan amount: $135,000 - $40,500 = $94,500Using a mortgage calculator, we can calculate the monthly mortgage payment:- Principal and Interest: - Loan amount: $94,500 - Interest rate: 5.5% - Loan term: 30 yearsUsing the formula for a fixed-rate mortgage, the monthly payment is approximately $535.89.Next, let's calculate the monthly cash flow:- Monthly rental income: $995- Property taxes and insurance costs: $101Monthly Cash Flow = Rental Income - (Mortgage Payment + Property Taxes & Insurance Costs) = $995 - ($535.89 + $101) = $995 - $636.89 ≈ $358.11Now, let's calculate the ROI:ROI = (Annual Net Income / Total Investment) * 100Annual Net Income = Monthly Cash Flow * 12 ≈ $358.11 * 12 ≈ $4,297.32Total Investment = Purchase Price + Closing Costs = $135,000 + $5,500 = $140,500ROI = ($4,297.32 / $140,500) * 100 ≈ 3.06%So, the monthly cash flow on the property is approximately $358.11, and the ROI is approximately 3.06%."
Gordon Vaughn
The Best Kept Secret For Bidding On HUD Homes
5 June 2024 | 274 replies
I am sure the formula varies by region.
Rafael Ortega
New to Real Estate Investing
4 June 2024 | 10 replies
I know I'm oversimplifying, but that's the basic formula.
Christian Signorino
My lead generation sucks, I need help
9 June 2024 | 36 replies
Consistency alone is not the formula to success.
Henrod Stone
REO Agent Formula 2024 course
2 June 2024 | 1 reply
I'm interested in getting into REO listings, and I attended a webinar that is selling this course: https://www.reovip.com/
I'm wondering if anyone here has taken this course and if so, is it worth buying?
Jin Zhang
How to conduct background check on mid term Airbnb guests and who pays for it
3 June 2024 | 8 replies
My formula is simple: Step 1, background check.
Tom Jensen
Whole Life Insurance as a Foundation for Real Estate Investing
4 June 2024 | 221 replies
If you see something wrong with my formula, please let me know.