Allan Rosenberg
Patch of land rate of defaults and return of overdue funds
20 May 2021 | 63 replies
For example, the "Earnings" tab shows different numbers than the downloaded data does (off by a few cents presumably due to some rounding).
Carlo Michelotti
Need so much help analyzing cash purchase of 2 or more properties
15 September 2017 | 3 replies
One-time Expenses$1000 - Acquisition Costs (minor rehab, legal, & inspection)Annualized Expenses10% Gross Annual Rent - Vacancy Costs (turnover & lost rent)10% Gross Annual Rent - Property Mgmt (standard)$1176 - Repairs & CapEx ($1 per sq foot for tpical property)$1516.46 - Property Taxes (5 year historical average for typical property + 10%)$1000 - Property Insurance (a nice round number: seller reported that he paid $708/mo for one duplex)$27 - Water & Sewer (average across several properties from last month)$0 - Gas, Electric, HOA, Snow Removal (tenant pays or not applicable)$60 - Lawn Care (I made this number up)COMPARATIVE ANALYSIS:This is my analysis of the five properties that are being negotiated right now, listed from best to worst.Property Alpha (two-flat)$1250 - Income, Monthly (actual)$567.37 - Expenses, Monthly (estimated)$42,000 - Price, Signed Contract36% - Cap Rate (Annualized Income / Price)16.6% - ROI, After Tax (annually, assuming 15% income tax)6.0 Yrs - Until this property pays itself offProperty Bravo (two-flat)$1100 - Income, Monthly (actual)$537.37 - Expenses, Monthly (estimated)$42,500 - Price, Signed Contract31% - Cap Rate (Annualized Income / Price)13.1% - ROI, After Tax (annually, assuming 15% income tax)7.6 Yrs - Until this property pays itself offProperty Charlie (duplex)$1075 - Income, Monthly (actual)$532.37 - Expenses, Monthly (estimated)$55,000 - Price, Informal Discussion23% - Cap Rate (Annualized Income / Price)10.7% - ROI, After Tax (annually, assuming 15% income tax)10.3 Yrs - Until this property pays itself offProperty Delta (SFR)$875 - Income, Monthly (actual)$492.37 - Expenses, Monthly (estimated)$48,000 - Price, Informal Discussion22% - Cap Rate (Annualized Income / Price)8.8% - ROI, After Tax (annually, assuming 15% income tax)13.6 Yrs - Until this property pays itself offProperty Echo (SFR)$770 - Income, Monthly (actual)$471.37 - Expenses, Monthly (estimated)$62,500 - Price, Informal Discussion15% - Cap Rate (Annualized Income / Price)4.1% - ROI, After Tax (annually, assuming 15% income tax)24.4 Yrs - Until this property pays itself offNotice how the price keeps going up?
Brian Singer
Looking for a Syndicate Sponsor
15 September 2017 | 3 replies
Experienced syndicate sponsors most likely have a well rounded team in place already.
Samantha Klein
Better-Vent indoor dryer vent - anyone use?
16 September 2017 | 3 replies
Indoors, this can be deadly.You can always use round vent "pipe" to take the dryer vent from the dryer's location through the crawl space to the nearest outside wall.
Wil Reichard
Contractor took down payment and fled
18 September 2017 | 0 replies
We gave him 2k to round numbers and asked for a sample before he started.Sample looked NOTHING like the pictures he showed us.
Andrew Riggs
Self Directed IRA Strategy-1st Deal
24 October 2018 | 3 replies
Sell at the peak of post rehab property condition and a bit of rental history, rather than wait for the next round of big-ticket maintenance.
Ryan Enk
Beware of Changing Local Laws with STRs!
26 October 2018 | 5 replies
@Ryan Enk My market is permit free year round glorious occupancy and hundreds of workers at your finger tips so you can self manage from any distance. 13 million tourists, 12 thousand residents.
Kashif Riaz
want to start as loan Officer
27 October 2018 | 11 replies
Repeated rounds of layoffs have occurred at most firms.
Account Closed
Short Term Rentals/ AirBNB in Asheville NC
27 January 2021 | 13 replies
Are your rentals doing well year round?
Seth Santo Domingo
Hello from Tulsa OK! House hacked my way into real estate!
2 November 2018 | 5 replies
Guess ill have to catch you guys on the next round!