Jennifer Fernéz
Help with this deal!
18 January 2025 | 10 replies
It's crucial to evaluate how the deal performs with the new mortgage:Updated Financials After Refinancing: Market Value: $250,000 Mortgage Amount (80% LTV): $200,000 Equity: $50,000 Interest Rate: 5% (30-Year Amortization) Assuming after 12months the rate will drop from 6% to 5%Monthly Expenses: Mortgage Payment: $1,074 Property Tax: $260 (4% Adjustment from last year) Utilities: $309 (+3% Adjustment) Insurance: $104 (+4% Adjustment) Vacancy: $105 Repairs & Maintenance: $105 (now after 12 months we can assume we have repairs at 5% factor on annual rent) Total Monthly Expenses: $1,957Rent Income after 12 months assuming annual rent increase at 5% : $2,100Cash Flow: $143 per month 😊Year 2 Return on investment $2,951 Principal Paydown year 2 $20,000 Property Appreciation (assuming 8% per year) $1,720 Yearly Cash Flow (this will increase as rents rise) $50,000 Initial Equity Total Gain $74,671 with just $ $22,789 remaining in the deal.
Pankaj Malik
Tenant threatening to sue and wants to extort money
19 January 2025 | 27 replies
I offered a month’s rent in addition to what was reasonable for loss of use of 7 weeks of garage and 2 weeks of kitchen/bathroom unavailability (adjusted for back rent for unauthorized pet) but no response from tenant other than pursuing legal option unless I share Landlord insurance details.
Jonathan Baptiste
How to stock your airbnb best practices
18 January 2025 | 16 replies
It's adjustable based on size, erring on the side of generosity.
Brandon Vukelich
3-unit STR/MTR $107k NOI on $187k REV
29 January 2025 | 12 replies
I was able to push back and provided more data, he adjusted to $1,335,000.
Garrett Brown
What is your biggest struggle in the STR world right now?
26 January 2025 | 48 replies
They told me they only adjust every few months, it has been over 7 months since I made several requests.
Frank Pyle
Seeking Advice on Financing an Airbnb/Short-Term Rental
12 January 2025 | 10 replies
I did a rebuttal on a few 1007's and had them adjusted.
Renee Tan
How can I learn Yardi?
16 January 2025 | 9 replies
With the limited access in Yardi, you won't be able to adjust account trees and create multiple customized financial statements.
Mickey Petersen
Socal Multifamily Flip
15 January 2025 | 11 replies
Then it adjusts every 6 months after that.
Mitch Smith
Top Renovation Trends for 2025: Designs That Our Buyers Love
10 January 2025 | 2 replies
Good summary of what your market is looking for but as we all know, each market tends to have its "wish / want" items which differ from market to market.Flow is definitely a selling point but make adjustments come with a cost.
Deepak Malhotra
Fourplex in Georgetown, Texas, one of my worst deals
15 January 2025 | 8 replies
Kudos for taking action and adjusting course when needed!