Michael Plaks
EXPLAINED: How to find a CPA focused on real estate
9 January 2025 | 20 replies
And, I think most women would choose a midwife that has gone through pregnancy.Like the OBGYN situation, there is a lot a CPA may not know about the rental business from debiting and crediting some journals and filling out line 242 on some Turbo Tax input form.And, understanding the operating details of the rental business are just as different from preparing a tax return as being pregnant is from delivering a baby.
Rick Im
Discrepancies with public records
28 December 2024 | 4 replies
Functionally, it operates as a 2-story home since the downstairs area has multiple windows in each room and plenty of natural light.
Paula Impala
Norada Capital Management suspending payments
31 December 2024 | 418 replies
Same thing with Clayton Morris and any other well known operator really.
Jack B.
What are the risks of DSCR loans?
19 January 2025 | 9 replies
I can buy a 2-4 unit with 20% down vs conventional can only buy a 2-4 INVESTMENT property with 25% down 4. there are options where DSCR loans dont repot to personal credit, helps in not having to show a bunch of paperwork or not one person in a partnership has to carry the debt5. way less paperwork to close on this loan type vs a conventional loan. we care about the income of the property you're buying and it's ability to service the debt of the property whether we use long term rents income, lease income, or air dna/bnb income.6. easily buy in partnerships, add people to your operating agreement, its as easy as that so bring partners into a deal. helps with scaling and raising capital or getting partners involved7. gift funds allowed to close on these as well, and like I said earlier, there's only a 10day seasoning period of funds with some lenders so that means you can literally have a private money lender deposit money into your account 11 days before closing, and you can use those funds to close!
Craig Sparling
Who's got metrics for me? GRMs, CAPRates, YOY Growth, Median Income vs median rent
23 December 2024 | 5 replies
Any good commercial broker is going to trim the expenses down by 10-20% from what they will be for me when I operate the deal.
Chris Lu
New BP member looking for STR budget feedback!
22 December 2024 | 5 replies
Are you intentionally looking to outsource the management and day to day operations to a management company versus self-managing?
Polat Caglayan
Detroit or Cleveland?
17 January 2025 | 27 replies
In my opinion, even if you partner with a local PM company or turnkey operator your returns will drop significantly.
J. Mitchell Bernier
Valdosta, GA Market Update
29 December 2024 | 4 replies
Rough calculations on what I need to be looking for:90k deal (purchase and renovations to get max rent)20% down = 18k from me80% bank loan at 8%, 20 yr amortization = 72k-------------------------------------------------- Here's my DSCR calculation:Calculate Net Operating Income (NOI):Monthly rent: $125040% expense ratio (taxes, insurance, repairs, vacancy) = $480NOI: $1250 - $500 = $750Calculate Monthly Mortgage Payment:Loan Amount: $75,000Interest Rate: 8% per year (0.08/12 = 0.006667 monthly)Loan Term: 20 years (20 * 12 = 240 months)Monthly Payment ≈ $627.83Calculate DSCR:DSCR = NOI / Monthly Mortgage PaymentDSCR = $750 / $627.83DSCR ≈ 1.20Therefore, with a $75,000 mortgage at 8% interest over 20 years, the DSCR is approximately 1.20
Hannah Liu
Excited to Learn and Connect in the Real Estate Journey!
31 December 2024 | 13 replies
Investor focused realtors & Property managers are going to be your biggest asset since they'll be finding your deals & managing the day to day operations for you.
Henry Clark
Self Storage- Just Built, To Sell or Not
16 January 2025 | 6 replies
Sounds he’s not interested in going through the rent up stage and being an operator.