Richard Bohl
New Member on Long Island, NY!
23 June 2016 | 12 replies
I typically subtract 3%, of the ARV.Realtor Fees: What is the commission you are willing to pay your listing agent (unless you are the listing agent) and the buyer's agent.
Brian Richard
Non-Fault property claim question
16 April 2018 | 3 replies
He stated that he would create a claim for the cost of replacing the deck and then subtract 20% for depreciation and that is what I would get.
Matthew Pruitt
Memphis Market Oversaturated with Turnkey Providers??
4 June 2018 | 25 replies
I've heard that expenses are always more than you plan for, especially when using a property manager that makes money when you make repairs.in nicer B and A props you can include the vacancy factor into your 50% not subtract.. but 50% is a good rule of thumb up to rents of 1000 to 1200 when rents go lower it can be a higher %..
Scott Schachterle
Tax reporting on first flip; private investor; income v. cap gain
13 January 2017 | 4 replies
I think I need to use the total sale amount from my HUD-1 as my business revenue, then subtract all the expenses (acquisition of the property, repairs, and closing costs when I sold).
Jamal L.
Deal or No Deal? it cash flows, Right?????!!!!!!!!!!!
26 July 2019 | 45 replies
Subtract this amount from your $5,280 operating income and you net about $2,400 a year.
Adam N.
Exchanging one flip for another fixer upper
7 May 2017 | 11 replies
The Net Sale Price is calculated by taking the Gross Sale Price and subtracting ONLY your routine selling expenses such as broker's commission, escrow fees, closing attorney fees, title insurance fees for sellers/owners policies, recording fees, exchange fees, etc.
David Whartnaby
Mobile Home Buying Qualifications
22 August 2018 | 4 replies
I total the rents subtract the known expenses and add another 10% for surprises.
James Syed
3% Rule Possibilty
24 August 2015 | 23 replies
It rented at $725/month but subtracting out the HOA the net rent is $536.50/month.$536.50/($16,000 + $200) = 3.31%
Mason V.
Should I contact the owner or not? <First potential wholesale of rental property>
17 May 2013 | 2 replies
You have to be able to determine the market value, then subtract and proceed from there.
Account Closed
1031 Exchange Tax question
11 September 2020 | 17 replies
The Net Sale Price is computed by taking your Gross Sale Price and subtracting your routine “permissible selling expenses.”