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6 February 2025 | 8 replies
For example:CapEx: $250-300 per unit per year for older properties, adjusted based on age and condition.Maintenance: $500-800 per unit per year, depending on property class and tenant turnover.Make-Ready Costs: $1,000-2,000 per unit for turnover, depending on the scope of work required.Resources and Tools: Utilize tools like BiggerPockets’ Pro Calculator or other underwriting spreadsheets that have built-in assumptions for these categories.
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17 February 2025 | 3 replies
Also, at this time I had seen properties selling for 10 – 20% over ask regularly.Interest Rate 30 year conventional 7%Homeowners Insurance = $1,000 annuallyRents = $1,800 per monthWhen I looked at those assumptions, I would need to put down $80,000 on this house to get it to hit my cashflow goal of $500 minimum per month which equates to 35% down.Total mortgage + escrow = $1,267.13 per month with rents at $1,800 my monthly cashflow is $532.87.From my experience, after taking out vacancy and maintenance costs you are left with around 73% of that total cashflow number once the rental is established.People have asked why a $500 per month cashflow goal.
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4 February 2025 | 13 replies
Esprit: I guess the first assumption is - you still have the asset under the entity right?
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10 February 2025 | 12 replies
@Rosette PooleRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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3 February 2025 | 2 replies
It all comes down to running the numbers based on today’s market, not past assumptions.
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6 February 2025 | 3 replies
The math is fairly easy given your assumptions.
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29 January 2025 | 1 reply
It isn't doing "SubTo's" that is illegal, it's how they are done and how they are treated and what your assumptions are and what your unpredictable seller does.Attorneys love these kinds of fights.
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5 February 2025 | 6 replies
Those assumptions above may not even be entirely accurate, that's just what I've been told plus what I've deciphered from the zoning table.
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28 January 2025 | 8 replies
My assumption is that this means that in order to raise 50 million as a security, the fee for said shares would be just 7500 dollars.
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28 January 2025 | 6 replies
Try AI resources like Chatgpt and Gemeni, you will have to feed your data and assumptions and they will both do wonders.