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20 August 2018 | 12 replies
See my numbers in the attached image below.I need help to understand if I'm making any mistakes or overestimating some costs.My own conclusions are that the high property taxes of $9180/year are skewing the numbers.
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15 August 2018 | 0 replies
. $9,450. 30-year fixed, Interest Rate: 5% Rental Income: $3,900 We will be living in one of the units, but for the sake of the analysis I am going to calculate both units as rental income and factor in my costs at the end.2 Unit: $1,600 + 3 Unit: $2,300 = $3,900/moTotal Expenses: $2,832 Operating Expenses: $1,434/moMortgage Expenses: $1,398/moResults Monthly Cash Flow: $1,067/moMy Unit’s Rent: - $1,600/moOur Cost of Living: -$533 / 2 house hackers = $266/mo.Biggerpockets Property Rental AnalysisIn conclusion, if this house hacking plan is accurate and realistic, I would cut my monthly living costs from $850/mo to $233 (excluding utilities), and would have purchased my first rental property.
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3 September 2018 | 16 replies
We even met in person with the company's president and came to the conclusion that they seemed like a good choice.What I found from actually working with them is that what they tell you and how they actually perform can vary quite a bit.
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1 March 2019 | 5 replies
I'm practicing anylyzing deals but am wondering, when someone says a house is in a "B" or "B-" neighborhood, how to they come to that conclusion or where do they go for that info?
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12 March 2019 | 6 replies
BUT after doing some due diligence on the home, these are the conclusions: Home is a burn-out.
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4 March 2019 | 27 replies
The Conclusion: Because we were able to find that document and review the definition of a service dog, we were able to show the tenants that because their puppy was not yet trained to "provide a task directly related to the person's disability" the dog was still a pet, not a service dog.
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4 March 2019 | 30 replies
Since you're new to investing, go slow.1) identify how much time you can devote to investing2) based on nu. 1, determine whether you want to be active investor or passive one3) based on the conclusion in nu. 2, look into options available for either passive or active investors.I have a library of books.
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15 March 2019 | 31 replies
I can hunt and peck at addresses on my county website and stumble on what looks like a private mortgage but it’s not much to go on to draw a conclusion on the inventory.I would be thrilled to hear any and all advice from the BP community!
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7 March 2019 | 6 replies
@Christopher Smith I agree the process is fairly straightforward but the risks of doing it yourself and having the IRS throw out your conclusion and taking on penalties and interest for under reporting income is something to factor into your cost decision.
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18 January 2016 | 12 replies
I came to this conclusion using the BP analysis tool.