Keith Kennedy
1% Rule? 2% Rule? Help!
25 May 2015 | 10 replies
In reality, its been more like 300 to 325/mo net per house the last few years.
Account Closed
Feedback Request: Practicing Property Assessment
15 December 2015 | 18 replies
Here's a link to the spreadsheet: https://docs.google.com/spreadsheets/d/1p1_bi0JjtR...Property InfoAddress: 418 Melvenia St, Indianapolis IN 42619Assessment From 2015: $47,200Asking Price: $52,500Gross Operating Income:Monthly Rent: $650/moVacancy: -$65/mo (10% of rent)Total GOI: $585/moOperating Expenses:Real Estate Taxes: -$47/mo (taken from Trulia)Insurance: -$13/mo (taken from Trulia)Property Management: -$58.50 (10% of GOI)Repair Fund: -$58.50 (10% of GOI)Utilities: $0.00 (utilities in tenant's name)HVAC Maintenance: -$8.33 ($100 annually)Accounting / Legal: -41.67 ($500 annually)Misc: -$12.50 ($150 annually)Total Operating Expenses: -$239.50/moNet Operating Income$585 GOI - $239.50 Operating Expenses = $345.50/moMortgageDownpayment: $10,500 (assuming the asking price $52,500 is the purchase price)Mortgage: $42,000 30 year fixedInterest Rate: 5% (mortgage calculators default to 3.92% so I bumped it up)Monthly Payment: -$228/moMonthly Profit NOI - Mortgage = $117.50 (NOI - Mortgage)Cap Rate (NOI / Purchase Price)$4146 Annual NOI / $52,500 Purchase Price = 7.9%Cash on Cash (Profit / Investment)$1,410 Annual Profit / $10,500 Downpayment = 13.43%Questions:General feedback?
Mario T.
seller financing scenario
2 January 2016 | 4 replies
There doesn't seem like any other way i can monetize this.
Alin Toncz
Finally!!!!!!!! My FIRST DEAL EVER!!!!
27 December 2015 | 31 replies
Or whatever, not saying any of these are THE thing to do, I don't know the situation enough to say what I'd do, just trying to expand your thought process on how to monetize this thing.
Dan Barth
New member in the Philadelphia market
28 December 2015 | 11 replies
Rent the other units while you monetize your overhead.
Zach Adams
What is your savings rate?
29 December 2015 | 11 replies
I currently make around $2900/mo net and my living expenses account for around $1000/mo.
Andrew P.
I have a question in regards to the 50% Rule
2 December 2015 | 8 replies
Difference is having 100 to 200 month net profit versus 275 to 400/mo net profit. :-)
Brad Ruth
Retail Center investor in Ohio
7 December 2015 | 4 replies
I have been in the wireless tower industry over 10 years, and I specialize in monetizing wireless ground leases with a number of investment funds that I work with.
Sean Ortiz
New Wholesaler
8 December 2015 | 3 replies
That will make it easier to monetize the seller leads you come across and negotiate.
Joshua Dorkin
Major DDoS / Spam Attack on BiggerPockets This Morning
14 July 2015 | 57 replies
I do not understand if their collective motives are to harvest and aggregate data and monetize or more hostile and punitive?