Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (6,388+)
Maria Ladd Calculator question for 'other' category
29 January 2024 | 2 replies
I am using it to calculate for short-term and the 'other' I am inputting is the cleaning fee; with short-term turn-over, it's a substantial expense.
Matthew Masoud Selling My Multifamily STR/MTR rental Nightmare
30 January 2024 | 13 replies
Some of these comments are somewhat amusing and definitely from a residential investor mindset.
Kayla Prange Anyone willing to give me a reality check in either direction? STR first timer.
29 January 2024 | 31 replies
I am using some of their provided data on rental history and utility cost. 
Robert Ellis Building spec homes as an investor for a profit
29 January 2024 | 29 replies
As I was mentioned in this thread I did have long conversation with Robert and he sent me a mountain of back up on his research and cost analysis which to me at first blush look in line with what I am used to seeing in less expensive markets..When I was building infill in Charleston SC I would wonder out to suburbs where DR was building and I could not even build the homes for what they were retailing them for..
Mike Levene Sanity Check On First BRRRR Deal
27 January 2024 | 12 replies
The renovation will cover the following:Kitchen - new floor, cabinets, appliances, paint, and remove a non-load bearing wall to open up the kitchen and living room.Living room - new floor and paint2 main bedrooms - new floor and paintMain bathroom - gut renovation, new floors, vanity, sink, showerBasement - convert portion of the basement into a 3rd bedroom with new sheetrock, paint, and flooring for finished part of basement and staircase, - wall off 2nd bathroom and gut renovatePurchase Price: $60,000Repair Cost: $30,000 (my own initial estimate came in around $25-30k so I am using 30k to be safer)ARV: $130,000Down Payment: $13,500 (15%)Hard Money Loan: $76,500 (85%)Monthly Expenses (6 Month, Interest Only Term):Interest: $825 (11%)Taxes: $220Insurance: $40Total Monthly Expenses: $1,085Total Expenses Over 6 Month Loan Term: $6,510Cash in the deal by the time of ReFi:Down Payment: $13,500Monthly Expenses for 6 Months: $6,510Purchase closing costs: $2,500Total Cash in Deal: $22,510Refinance:ReFi Loan: $97,500 (75% LTV)HML Payback: $76,500Closing Costs: $3,000"Profit" after ReFi: $18,000Equity after ReFi: $32,500Rental Income:Gross Income: $1,300/monthReFi Mortage Payment: $642/monthFixed Costs: $260/monthVariable Costs: $299/month (23%)Cashflow: $99/monthMy 2 exit strategies would be to simply flip the house, or, if the valuation comes in slightly lower than expected, I am confident I can still rent it at this price because it is a very rent heavy area compared to owning and continue with the BRRRR method with slightly better cashflow because of a slightly smaller ReFi loan amount. 
Rashawn Dally Question on refi
26 January 2024 | 6 replies
I am using a hard money loan to obtain and rehab the home.
Chai Jonn Multifamily Deal Analyzer
25 January 2024 | 35 replies
Synthesis is the analyzer I am using and many fellow syndicators I know use.
Hector Serna Just canceled my 3rd deal… time to start over
26 January 2024 | 46 replies
You can’t tell me it doesn’t come out as patronizing… yet amusing!
Benjamin Harrison Insurance Recommendation for Flipper
22 January 2024 | 6 replies
I am a first time flipper and am using a self directed ROTH IRA to purchase the property.
Bien Nguyen AirDNA data accuracy
21 January 2024 | 16 replies
@Andrew Steffens - I am using the paid version.