Edward Kiser
I need help on planning my next step on a turn key rental.
27 March 2018 | 5 replies
I am using a VA loan with no money down.
Rob Fegan
18 Plex deal feedback
27 October 2013 | 7 replies
It is an 18-plex in a town 15K people with a very high rent to owner occupied ratio (renter being on the high side).Property is on MLS listed at $749,000Deal Summary:18 units x $500 per unit = 9,000 gross monthly/108,000 yearlyVacancy factor I am using is = 5%Total Operating Income = 8,550 GM/ 102,600 yearlyTotal Operating Expenses = 4,412 monthly/52,950 yearlyAs a percentage of Income 51%NOI = 4,137 monthly / 49,650 yearlyIn my analysis to calculate what I should be paying I am taking the NOI / my expected CAP RATE, which in this case would be 49,650/.10 = $496,500In this back of the envelop math I view my max offer price (on the assumption that I have good data on both the rents and expenses side) as $496,500 to achieve a 10% CapRate.I would really appreciate feedback as to if I am on the right track or I have totally missed something here.ThanksRob
Bryan H.
Process, procedures and forms
12 July 2016 | 15 replies
I only plan to rent the lots, which I would assume is similar to SFHs, which I am used to.
Donnie B.
Newbie from Columbus, GA and Warner Robins, GA..Soon to Tampa, FL
11 August 2017 | 9 replies
I am using a conventional LPMI (Lender Paid Mortgage Insurance) mortgage for this property.
Sarah Downey
Recommendations for finding Long Term tenants? Currently using Zillow Rental Manager.
22 October 2023 | 8 replies
I am using both FB and Zillow.
Douglas McAloney Jr
Best Receipt Scan/Tracker App
6 March 2023 | 20 replies
Right now I am using excel but want to just scan receipts and be done.
Brenda Lee
Rental Property Depreciation Expense
25 March 2022 | 5 replies
She is using a tax accountant to file her taxes and I am using Turbo tax and I noticed there are differences with the way we are filing for depreciation (in service date used, property value).
Kyle Howard
Using Business Credit
25 January 2020 | 18 replies
I am using business credit on an EIN number so nothin is on my credit.
David Lowe
Best Place to Invest in Multi-Family Homes in US
13 June 2018 | 21 replies
The lower the better without being in a war zone as I am using cash.
Mary Beth Groze
Does anyone in Baton Rouge, LA use a tenant screening company?
27 August 2015 | 8 replies
They charge $35/tenant so it isn't the cheapest, but it is reliable.https://biggerpockets.mysmartmove.com/I now use the screening offered by Buildium since I am using their property management software.