
24 August 2018 | 10 replies
Many people focus on cash-on-cash return and doing what they can to improve their unit count.
24 August 2018 | 4 replies
That being said, I would be concerned about the occupancy and if the leases have a variable ending date and its age, and if you think you could add any value to it by raising the rents or make any interior or exterior improvements.

29 August 2018 | 13 replies
We're listening to calls and reviewing your account to see where communication could have been improved, thank you for bringing it to our attention.

30 August 2018 | 6 replies
The attraction to point breeze is only going to improve in my opinion with OCF Realty's plans to build 40+ townhouses, 20+ apartments, retail store frontage and Dock st brewery setting up camp on Washington ave on the border of Graduate Hospital and Point breeze.

25 August 2018 | 1 reply
You can do zero down, and finance up to 35k into the price, as long as an appraiser validates that the “after improvements” value is within a threshold to support the work to be done.

24 August 2018 | 1 reply
We would love to do in such a way that it would improve his Debt-to-income ratio, which is a challenge for him at the moment, especially after having acquired this loan on the current $550k home in Denver.

25 August 2018 | 16 replies
In fact he is arguably in a better position since you have made payments on time, improved his credit, made improvements to the property and either stabilized or increased it's value, paid down the principal, caught up back payments, paid the taxes, etc.

24 August 2018 | 2 replies
Asking Price 215000 Primary Inputs Purchase Price($) $ 190,000.00 Downpayment(%) 3.5% Units(#) 2 Monthly Rent($) $ 1,150 Occupancy Rate 75% 30 Year Loan Rate(%) 4.50% 15 Year Loan Rate(%) 3.90% Secondary Inputs Closing Costs(%) 6.0% Property Tax(%) 1.8% Insurance(%) 0.8% Maintenance(%) 10.0% Property Management(%) 10.0% Improvements($) $ 20,000.00 Closing Costs($) $ 11,400.00 Inspections/Misc($) $ 600.00 Value (30-Year Mortgage Scenario) Monthly Rent $ 1,725 Annual Rent $ 20,700.00 Value Per 2% Rule $ 86,250 Value Difference (2% Rule) $ (103,750) Annual NOI $ 13,800 ROI (Pre-Tax) 8.36% ROI (Post-Tax) 8.1% CAP Rate (50% Rule) 7.3% CAP Rate (Assumed Expenses) 6.0% Annual Expenses Annual Property Taxes $ 3,420 Annual Maintenance $ 2,070 Annual Insurance $ 1,520 Property Upkeep/Other $ 200 Property Management $ 2,070 Total: $ 9,280 30-Year Mortgage Results Money Down $ 38,650.00 Monthly Gross Rent $ 1,725.00 Monthly Loan Pmnt $ 929.01 Effective Rental Income $ 20,700.00 Annual Loan Pmnts $ 11,148.09 Annual Expenses $ 9,280.00 Total Expenses + Loans $ 20,428.09 Annual Cash-Flow (Pre-Tax) $ 271.91 Annual Return (Cash-Flow + Equity, Pre-Tax) $ 3,229.76 Annual Post-Tax Cash-Flow (Pre-Tax) $ 190.34

29 October 2018 | 5 replies
Not sure if this is the right section to post in but I can't find something fitting.
This is about some issues with the BP phone app.
When creating a post, the line breaks when writing the post do not stay when actu...

28 August 2018 | 12 replies
As far as value/affect on the surrounding neighborhood - I am guessing that it will immediately have little impact but will likely improve value over the long term if when the school is built and starts to get good test scores/reviews as families will be drawn to that neighborhood.