Robert Medina
Attempting to brrrr but having issues
15 January 2025 | 8 replies
I got my estimated loan amount from my lender.
Patricia Andriolo-Bull
Stessa - 179 deductions
10 January 2025 | 12 replies
Also, as I prepare for estimates, would be helpful to know where my in year deductions actually are.
Ed Long
How Do You Decide If a Borrower Is a Good Fit?
17 January 2025 | 3 replies
We are direct lenders, meaning we lend our own money, for flips within approximately 1½ hours of our home.We walk through every property to avoid surprises and to confirm the rehab estimate.
Hermes Kanaris
Wanna be a surgeon? Dissect this deal with me.
30 December 2024 | 14 replies
/Have you been inside the property and walked it to do a full estimate of costs?
Sean Michael
Making Sense of San Diego Real Estate (Renting and Investing vs Buying)
5 January 2025 | 12 replies
I think your PITI estimate in both cases is low.
Jonathan Small
50% Rule vs DSCR > which do you use to calculate a good rental
15 January 2025 | 4 replies
However, they approach financial health from different angles.The 50% Rule is a quick estimate that suggests operating expenses (excluding mortgage principal and interest) will roughly equal 50% of the property's gross income.The DSCR is a more precise calculation (Net Operating Income / Total Debt Service) that determines if a property generates enough income to cover its debt obligations.Deal example:- Class C middle class neighborhood- 4bd / 2ba single family house- ARV: 190k- Purchase: 105k- Rehab: 35k- Market rent: $1,400-1,525- Section 8: $1,475- Property manager: 10%- Taxes: 125 month- Insurance $1250 yr- HOA: $55 month- purchased and rehabbed with all cash.
Ashley Larkin
HELOC Question for my LTR Under a Business Name
9 January 2025 | 2 replies
Some, like the last one we got in place, used a drive by estimate of value rather than a full interior appraisal.
Chizitem Ibeneme
What is the best way to estimate rent and CapEX's for out of state investing
11 December 2024 | 7 replies
So what I'm asking is if there's a better way to estimate CapEx on a property during preliminary analysis, i.e., without having to go to the state where it's located and asking around, i say this because there has to be a good way to estimate these things before going deep into the dealAny insights on this guys?
Thomas Farrell
Johnson City/Knoxville, TN Investing
4 January 2025 | 0 replies
With this, I would like to implement the BRRR strategy but am having trouble estimating rehab costs.If anybody could help, or connect me with someone that could, I would greatly appreciate it.Thank you all and happy hunting.