Ryan Leake
Comparing STR data sources (AirDNA, Rabbu, Mashvisor, etc...)
13 November 2024 | 12 replies
BNBCalc partners with several data providers for short-term rental revenue estimates (Airdna), comparable properties (Airbtics), long-term rentals, tax information, and property information.Our comparable properties provider airbtics provides "revenue potential" estimates which it defines and calculates as the following:Revenue Potential is the revenue that the listing could have earned if it was active every day for the past 12 months.Formula:Revenue Potential: = (Revenue / Days available) * 365 Example: ($33,500 / 304)*365 = $40,222You can find more info about their data on their FAQ!
Jean G.
How much to bid on commercial NPNs (past maturity)
17 November 2024 | 5 replies
@Jean G.The reality is: it dependsIt’s a numbers game where you need to first determine: what yield do I want and what are the outcomes/ risks involved that could impact thatBuild yourself a financial calculator to understand this but also understand you need to know every process and how much it costs and how long it takes90% upb on a commercial property in a non judicial state with equity and default interest at 15% is a great deal but take that same asset in another state which also has long eviction laws and it could be awfulLastly bankruptcy could wipe out some of your lien depending on the type and how the loan was written.
Jonathan Greene
Why You Should Stop Talking About Quitting Your Job Before You Have Your 1st Property
26 November 2024 | 46 replies
Look into out-of-state markets for better affordability and ROI opportunities.Success requires risk, but calculated risks with proper preparation can lead to life-changing rewards.
Kevin Orellana
Is it worth making this property a rental or to just sell?
8 November 2024 | 5 replies
Calculate how much equity you have in the house, and then calculate the annual return on that equity.
Benjamin Stacey
STR vs LTR vs Cutting Lose HELP NEEDED
12 November 2024 | 17 replies
Our latest calculations show a cash-on-cash return of just 5.87% based on the $40,000 revenue projection.
Saurabh Kukreja
Help me Understand Cash Out Refi for next Property
7 November 2024 | 7 replies
Hello , I have a rental property in memphis and now planning to get second one.I need to understand if I cash-out-refi my first property and put the cash downpayment on second one , Should I consider that as 0% downpayment Or 20% downpayment to calculate if the numbers make sense.Also suggest if I should do it at this point or wait some more time.
Bryn Chatterton
New to Rental Property Investing
8 November 2024 | 3 replies
To address this, we verify the property owner per government records and use this information to vetimposters.Anything that seems suspicious will lead to us requesting an acceptable Letter of Explanation toaddress.Analyze IncomeMany landlords require a month of paystubs from applicants and just use these to calculate a monthly qualifyingincome.
Krystl Tanouye
Verifying Military Employment and Pay
10 November 2024 | 5 replies
He’s getting BAH I’d assume since he’s living off base so you find a military pay calculator and bam, there’s his pay.
Renee Ren
Anyone invested in Fundrise?
11 November 2024 | 12 replies
I have been with Fundrise since late 2017 but all Real Estate equity (~75%) and debt (~25%) with a fairly small investment that, according to their calculations, has returned gross ~7.5%pa (growth + dividends) over that 7 year period.So the above is not bad based on general risky asset long term annual returns, but the S&P 500 has returned (growth+ dividends reinvested) ~14.3% pa over that same period (source: using https://ofdollarsanddata.com/sp500-calculator/).
Samuel Mutschler
VRM Lending Process
9 November 2024 | 4 replies
I’ve been able to calculate all my monthly operating expenses, lowest possible rent, and upgrades.