William Luke Laity
70% rule for flipping?
17 December 2022 | 3 replies
So you find the ARV, multiply it by 70%, and then subtract your repairs costs and that’s the price you should buy at.
Edward Ray
Do you pay yorself a base monthly salary?
5 March 2014 | 18 replies
Take your gross expected rent, subtract the utilities you're paying and divide it in half and that should cover your expenses.
Kevin Bain
Taxes on simple assignment deal?
14 May 2014 | 5 replies
You subtract all your costs from the revenue to get to taxable income.As a self employeed business, you're responsible for both halves of the SSI and medicare.
Karen Margrave
SKIN IN THE GAME
30 March 2014 | 29 replies
The seller loses too much.What if you offered to JV with the seller, bring in $50K of work, $20K profit, $70K in the deal.Do the work, resell the house with an agent for $485,000, subtract the $70K, subtract sales costs.Protect your $70K with a note - mortgage or note Deed of Trust.Not all the time this works, but if you have a gorgeous house, you JV with the seller, you secure the debt and your profit upfront, you don't have to convey title, no purchase closing costs, no carrying costs, and you get your $70K when it sells.You might need to check with an attorney to protect your JV interests.But isnt that better than wholesaling?
Shan Jinesh
Big box grocery store wants to build on my land, how to evaluate
15 May 2022 | 10 replies
You’d need a projected NOI and stuff plus the spread they would require; 2) Calculate all the development costs and the developer’s required spread; and 3) subtract 2 from 1 to get the residual value of the land.
Damicco Robinson
How to Accurately Analyze a Rental Property
27 February 2021 | 1 reply
After learning what your total cash out will be, you subtract this amount from your total cash into the deal prior to the refi.
Doug Haisten
Buying a rental property for wholesaling through a realtor
29 November 2018 | 16 replies
Keep in mind that every day you don't find one, subtracts from the 21 day limit you self imposed.
Anthony Andry
Question: "The Book on Rental Property Investing"
9 June 2020 | 1 reply
Shouldn't we subtract the repair cost from our total equity?
Angelo Aguirre
Realtor requests discount price to sell to herself as an investor
7 June 2019 | 21 replies
I personally did several offers on a property, and after the offer is accepted I said that I am not taking commission but we subtract from the sales price.
Michael Baradell
Mobile home park options - Which one would you choose?
23 June 2019 | 17 replies
Then you take the $600 in POH rent, and subtract $400 in lot rent and that means the personal property business has $200 gross revenue.