Parmesh P.
Are STR projected earnings overstated
25 January 2024 | 5 replies
So always looking at the comps undergirding the estimate and add or subtract accordingly.
Sam Va
Late Fees & Check Bounce Fees
23 January 2024 | 1 reply
You can subtract any charges your bank charged you for the bounced checks.
Raj Goel
Househacking vs buying rental properties?
25 January 2024 | 45 replies
JADU are value subtract as they typically reduce the value of the RE and often best option at selling is to remove the JADU.good luck
Julio Gonzalez
What is the Difference Between Tax Deductions and Tax Credits?
23 January 2024 | 6 replies
A tax deduction lowers your taxable income by taking your gross income and subtracting qualified expenses.
Erik Gladish
How can this Deal Make Sense
22 January 2024 | 4 replies
You subtract the 590 from the 1.2 and that's how much you finance.
Andrew Postell
Yay! Tax Season! What you need to know on claiming deductions!
21 January 2024 | 43 replies
Here’s your answer:Depreciation (Line 13/14) – can be added BACK as income Business Use of Home (Line 30) – can be added BACK as incomeVehicle Miles (Line 44A) – can be added BACK as incomeUn-allowed Meals and Entertainment (Line 24B) – is subtracted FROM your incomeIf you have a choice on HOW to deduct the items above then you want to CHOOSE to try to deduct them in those categories.
Jack Phillips
Need help with mortgages, liens, etc
19 January 2024 | 4 replies
Do I subtract the the offer price ($355k) by the total amount of money they owe?
Jack Phillips
How do I include mortgage, liens, etc into offer price?
18 January 2024 | 1 reply
(IF YOU LIVE IN NJ AND USE A DIFFERENT PERCENTAGE IN THE FORMULA, I.E. 75% OF ARV INSTEAD OF 80% OF ARV, PLEASE LET ME KNOW THANKS)so: $350,000*80%-$35,000-$10,000 = Offer Price of $235,000If the homeowner has any liens or owes money for the mortgage still do I subtract the amount they owe by the offer price and only offer that much?
Joseph Hossenlopp
Minimum CoCROI for a owner occupied Duplex or Triplex?
18 January 2024 | 1 reply
CoC is also calculated after you have estimated all your expenses and then subtracted what you will be putting away for capital expenditure - you are estimating this, right?
Orhi Tahi
Round Rock,Tx Purchase - Feedback
18 January 2024 | 9 replies
Or to rephrase, it’s too nice of a house for the area and typical tenant that rents in a similar area and price point.It has an HOA and, while not a lot, it adds up, or more precisely, it subtracts from cash flow.