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7 December 2024 | 5 replies
First, it's essential to evaluate the properties thoroughly before bidding.
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5 December 2024 | 9 replies
As a note, residential properties typically are not evaluated with cap rates, but I think you may have been saying a 7.5% cash on cash return or ROI.
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17 December 2024 | 13 replies
For his coaching he advertises that his coaches are paying members who are independent contractors & not employed by REtipster & that you are encouraged to evaluate them & determine their suitability for your needs.
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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 đLong-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.
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5 December 2024 | 5 replies
Is there a workaround or a way to get this re-evaluated?
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1 December 2024 | 3 replies
Quote from @Tanner Martillo: Hi BP Community,Iâm evaluating a potential investment property in Cincinnati, Ohio, and would love to get your insights!
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5 December 2024 | 7 replies
It sounds like you're in a good position to evaluate your options carefully.
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4 December 2024 | 9 replies
I've read a lot of posts in the forum here on the pros and cons of this strategy... what I would love is some insights from actual PadSplit hosts on the assumptions/operating expenses to take into account when evaluating a property.
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2 December 2024 | 3 replies
@Dennis Gallagheri don't really use any rules anymore, i just evaluate the actual expenses on actual properties.Â
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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%?")