Kwok Wong
What to do when no sold comps?
1 December 2024 | 9 replies
., must share certain attributes (bedrooms, bathroom, etc.).T3: Compare property typeIn "The Book on Flipping Houses" by J Scott, it mentioned about adjusting the value of the comps to ensures that they resemble the subject property as closely as possible.
Paula Impala
Norada Capital Management suspending payments
31 December 2024 | 418 replies
There are many investments available to folks as we know and returns are adjusted for risk 95% of the time.. lastly of course these investors have every right to file complaints if they feel they were wronged and based on these threads I believe that has already occurred so anything I post or anyone else is not going to stop the process of complaints that have been lodged.
Robby Sanchez
multi famiy underwriting techniques
6 December 2024 | 6 replies
Compare that to the seller's staffing matrix and make adjustments as needed.
John Mucilli
Who is really successfully using DealMachine?
6 December 2024 | 34 replies
The app will not filter out which leads do not have pictures, leaving me having to manually change the type of postcard to one without an image for a large amount of leads.
Hal Roberts
Real Estate Analysis Help
30 November 2024 | 2 replies
., missing property taxes or HOA fees), unreliable rent estimates, and the time-consuming process of manually calculating metrics like cash flow or ROI.Platform Preference: A web-based platform would work well for in-depth analysis, but a mobile app would be crucial for on-the-go research and quick evaluations, especially when touring properties.Wish-List Features: A tool that integrates local market data (rental demand, appreciation rates, or vacancy rates) and offers scenario modeling (e.g., "What happens if I increase rents by 10%?")
Chris Blackburn
Student Housing.... Why would realtor not put the project for sale on Costar vs RCM?
4 December 2024 | 3 replies
If money’s the issue (which is highly likely), you could offer to cover the advertising costs upfront, if possible, and adjust their commission by that amount.
Sam Epperson
How to find off market deals for investors, as a realtor?
7 December 2024 | 8 replies
Run your comps and be prepared to adjust a suggested price based on condition, layout, and other factors.
Ramada Evans
Need help w/numbers
5 December 2024 | 48 replies
You can make price adjustments to get a more exact value.
Conner Macinnis
Mid-Term Rental - Insurance Adjuster Booking for Guests
22 November 2024 | 3 replies
I have an Airbnb and an insurance adjuster who wants to book the place off Airbnb for two months.
Drew Giltner
Help me analyze this deal
5 December 2024 | 4 replies
It's crucial to evaluate how the deal performs with the new mortgage:Updated Financials After Refinancing: Market Value: $459,000 Mortgage Amount (80% LTV): $367,200 Equity: $91,800 Interest Rate: 5% (30-Year Amortization) Assuming after 12months the rate will drop to 5%Monthly Expenses: Mortgage Payment (5% Interest): $1,971 (Now you are paying interest and principals) Property Tax: $260 (assuming has been increased with a 4% from last year) Utilities: $361 Insurance: $104 (+4% Adjustment) Vacancy: $166 (now after 12 months we can assume we have some vacancy at 5% factor on annual rent) Repairs & Maintenance: $166 (now after 12 months we can assume we have repairs at 5% factor on annual rent) Total Monthly Expenses: $3,028Rent Income after 12 months assuming annual rent increase at 5% : $3,323Cash Flow: $295$ per month 😊Long-Term Gains: $5,418 Principal Paydown year 2 (this will increase each as you pay off your mortgage $36,720 Property Appreciation (assuming 8% per year) $3,540 Cash Flow (this will increase as rents rise)Total Annual Return on Investment: $45,678 with just $ $22,789 remaining in the deal.