Benjamin J Thompson
AI Analysis Tools? Which is best and why? Anyone using any of these and why?
5 December 2024 | 11 replies
You'll quickly see why AI is not the solution here... not only will it give you a random number from a site that posted it, but it will hallucinate and draw quirky assumptions into the mix like oh based on this % appreciation and applying it forward/backward, etc.
Joel Florek
31 units in 30 months at age 24, $70k Annual Cashflow
9 January 2025 | 116 replies
I’m all about working backwards from the end goal and I like your approach at doing so.Good luck brotha - keep it going.
Rachael K.
Legal to move into my 1031 exchange- Safe Harbor clarification- capital gains
5 December 2024 | 13 replies
I stated it backwards.
Eli Ling
my apartment below, has a leak on the ceiling but
29 November 2024 | 18 replies
No one is going to tear apart a bathroom as that’s tracing a leak backwards.”
Rene Hosman
If you had one question for a professional house flipper, what would it be??
4 December 2024 | 25 replies
I think your last point about starting near infrastructure and moving backwards is very interesting.How much value do you put on a property being on a main vs side street?
Thomas Loyola
Are my assumptions reasonable?
26 November 2024 | 5 replies
An investor should actually work backwards from their Target ROI, to determine what to offer on a rental property:Determine reasonable market rent, NOT the highest!
Ramada Evans
Need help w/numbers
5 December 2024 | 48 replies
dang lol people get upset on these forums lol.we use a method backward that has worked well for us. we use $50k per thousand as a way to check value and rent. i.e. if you buy a house for 200k it should rent for $2000 a month, this helps us evaluate deals for value and rents and can adjust accordingly- if you can rent a house for 200k for more than 2k its a great deal, less than 2 k maybe no so much, this method can be adjusted for most any value until you get into jumbo types-500k plus.this would just be for LTR.best of luck on your dealnathan
Joe Au
Use HELOC to paydown mortgage fast
11 January 2025 | 420 replies
@Eric Jones,I think you got it backwards...The point is to reduce the interest you pay on the 1st mortgage, not the HELOC.You pay down the HELOC while continuing your payments on the first.
Witty Worden
New member - First time in a long time
21 November 2024 | 4 replies
Work backwards from there.
Kristin Boekhoff
Practical Questions for Small Multifamily
25 November 2024 | 8 replies
I'd also suggest that you work backwards based on the rent you're charging.