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5 July 2013 | 8 replies
I don't mind paying for a product that has the potential to enhance and simplify my business, and from what I saw on the website BPP appears like it could do just that!
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14 January 2021 | 12 replies
I think they really did a great job simplifying the process and removing all the inefficiencies in mortgage industry today...
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21 January 2023 | 2 replies
The holding company can be the manager of the individual LLCs and then the accounts and credit cards can be under the holding company to simplify things.
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23 January 2023 | 6 replies
There is a small chance that the owners had a will, and the heirs just need some help navigating a more simplified probate process.
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28 March 2022 | 4 replies
Building is ~90 years old but relatively recently updated, so I don't think capex would be too high.Assuming I could get a 30 year loan at 5% for 100% of the purchase price (we'll assume that my cash goes entirely to closing costs to simplify calculation), my DSCR calculation looks like the following:DSCR = (EBITDA - Capex) / (Principal + Interest) = (3.8 - (5.2/12) - 0.38) / (1.61 + 0.1 + 0.245) // Principal + interest numbers taken from Zillow); all units in $1,000/month = 1.52I know this doesn't account for capex, vacancy, etc, but even adding a $500/month buffer for that would put the DSCR at 1.27.How good do these numbers look?
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5 May 2022 | 11 replies
But if you hold for one more year, and rents go up another 5% (increasing NOI by 10%), your NOI is $121,000 (I'm over-simplifying, but this is close).
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12 December 2021 | 6 replies
Good afternoon BiggerPockets,I am looking to simplify taking and handling work orders.
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31 March 2020 | 11 replies
Opinions differ on this one.It is also debatable whether the interest during rehab is deductible or must stay in the basis.If you want to simplify the tax code - everyone would be happy.
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12 June 2010 | 11 replies
You would also like to have a formula so that you can figure this out yourself.Regarding the formula, I need to tell you that calculating the number of payments "n" is not easy because this is a present value calculation, which is something called a "geometric progression" in math, and such progressions can be simplified when the number of payments approach infinity but not for short durations.But if you do not mind using Excel, this can be a fairly easy thing to do because you just need to find the present value of the payments and see how many payments totalling $70K will result in a present value of $35K.
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26 November 2022 | 3 replies
This may help to simplify the tax situation.