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Results (4,865+)
Martin Navarro Analyze medium term rentals
11 September 2024 | 10 replies
That means you can distinguish your listing by being responsive and courteous while providing a quality product.To more directly answer your question, while there isn't a great website for MTR data, I do estimate MTR rents with either the BP rent calculator or rentometer.com's and then multiply by 1.5x as a screening tool.
Billy Knox Why use a Real Estate Agent?
20 September 2024 | 73 replies
@Billy Knox Maybe my mind is wired a bit different but I got the sense you were looking for information based replies vs the avalanche of opinion and emotion based replies I am seeing here. - The first and largest reason in volume for utilizing an agent is the simple obvious which is most people can-not navigate the process.
Barrett Dunigan Upset Sale in Montgomery County, PA (with a side of intrigue)
10 September 2024 | 28 replies
Imputed value comes from taking the assessed value from the tax assessor and multiplying by the applicable factor that the PA Dept of Revenue has determined for that county and year.
Blake Spiller Buying a foreclosure home
6 September 2024 | 4 replies
They will work with the buyer to re-set the loan and terms because when they foreclose and bid the property in for their loan amount which they mostly do around here, they have to recognize the loss as a non performing loan which has a multiplier effect on their lending base.
Kranti K. Defend subpoena to trust.
2 September 2024 | 18 replies
We sometimes run across investors with multiple entities requiring an avalanche of paperwork to allow them to invest in one of our syndicated investments. 
Omar Mohamed Awad [Rental Analysis]: Do you think this is a good rental property? (Mississauga, ON)
27 August 2024 | 3 replies
Looks like mortgage is over $4K/month on a 30 year mortgage.Purchase Price $950,000Down Payment $70,015 7.37%Mortgage Insurance 35000Closing Costs $18,000.00 4% $18,000.00Interest Rate 4.25%Term in years 25Financed Amount $914,985Payment $4,956.82Renovations/Repairs $20,000Out of Pocket Costs $108,015Monthly Assumed % Manual InputRent $6,000Property Mgmt $480 8.00%Vacancy $300 5.00%Maintenance/Repairs $180 3.00%CapEx $45 0.00% 45Insurance 50 0.00% 50Property Taxes 419.7 0.05% 419.7Rental income tax 0.0 25% 0.0Expenses Subtotal $1,475"Annual % Increase(rent + expenses)" 2.5%1% ruleGross monthly rent should be >= 1% to total purchase price0.63%GRM (Gross-Rent-Multiplier): the lower, the better13.2Cap Rate (Net operating income (annual) / total purchase price): the higher, the better5.72%Net Income After Financing (/mo.) = Net operating income - financing costs-$432years Monthly CashFlow1 -$4322 -$3183 -$2024 -$845 $386 $1637 $2918 $4229 $55710 $69511 $83612 $98113 $1,12914 $1,28115 $1,43716 $1,59717 $1,76118 $1,92919 $2,10120 $2,278 
Rhea Jeong Rental income consideration to mortgage
27 August 2024 | 2 replies
In other words, the adjusted rental income (75% of the gross rents) must be sufficient to cover the total mortgage payment of the property.Example of the FHA Self-Sufficiency Test Calculation:Gross Rental Income: Assume the appraiser estimates the total gross rental income from all units is $4,000 per month.Adjust Rental Income for Vacancy: Multiply the gross rental income by 75% to account for vacancies and maintenance costs.$4,000 x 0.75 = $3,000Monthly Mortgage Payment: Assume the total monthly mortgage payment (PITI + MIP) is $2,800.Result:Since the adjusted rental income ($3,000) is greater than the monthly mortgage payment ($2,800), the property passes the FHA self-sufficiency test.Importance of the Test:The self-sufficiency test is crucial for borrowers looking to finance a 3- or 4-unit property with an FHA loan.
Noah Swope Best place for cheap bulk items
25 August 2024 | 4 replies
Don't start buying the cheapest thing you can find, you'll end up spending WAY more- especially in a MFH, you'll be multiplying your losses. 
Shannon Reynolds Fraud or no?
25 August 2024 | 57 replies
John, to circle back to something I just noticed about your explanation of "flat rate" billing, they actually did send me an itemized quote that included 'Labor hour(s)' multiplied by 'Hourly rate.'
Hunter Gibson Morby Mothod/ Seller Finance
22 August 2024 | 13 replies
Tell the rich guy that has seen it all and done it all how much they don't know...yeah, that seems sound.Whatever happens, your outcome will be multiplied.