Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Henry Dominguez Contracts specific to LI,NY laws for wholesaling?
15 June 2024 | 0 replies
Also please feel free to connect fellow wholesalers as I am always open to working out some JV deals and helping each other succeed.
Forest Wu Any good property managers for Las Vegas (Single Family Homes in Rhodes Ranch area)?
14 June 2024 | 3 replies
Feel free to inquire about their staff qualifications if it's a larger organization.2.
Matthew T. Who owns the property in a owner financing deal?
16 June 2024 | 16 replies
Several different scenarios available: 1. subject is free and clear and the seller actually transfers the deed to your name and records a promissory note.
Spencer Feuerbach New member from Boston -- Investing in Spain
18 June 2024 | 38 replies
Yes feel free to send me a message and I can put you in contact 👍
Joshua Nuss New Invester - Reading for a couple of years, ready to take the next step
14 June 2024 | 10 replies
For a $300,000 property, this could be $6,000 to $15,000.Mortgage on Rental Property:Loan Amount: $240,000 (assuming 80% financed at 4% interest over 30 years).Monthly Payment: Approximately $1,145.Other Expenses:Property Taxes: Estimated at 1.5% of property value annually ($4,500).Insurance: Estimated at $1,500 annually.Maintenance: Estimated at 1% of property value annually ($3,000).Property Management Fees: Assuming 10% of monthly rental income ($2,400 annually if rent is $2,000 per month).Vacancy and Turnover Costs: Estimated at 5% of annual rental income ($1,200).Total Initial Investment and Annual Operating ExpensesInitial Investment:Total Borrowed from Equity: $150,000Down Payment for Rental Property: $60,000Closing Costs for Rental Property: $10,500 (average)Total Initial Cash Outlay: $70,500 (initial investment from equity) + $10,500 (closing costs)Annual Operating Expenses:Property Taxes: $4,500Insurance: $1,500Maintenance: $3,000Property Management Fees: $2,400Vacancy and Turnover Costs: $1,200Total Operating Expenses: $12,600 annuallyExpected ReturnRental Income:Assuming $2,000 per month, annual rental income = $24,000.Net Operating Income (NOI):Annual Rental Income: $24,000Minus Annual Operating Expenses: $12,600NOI: $11,400Debt Service:Mortgage Payment on Rental Property: $1,145 per month, $13,740 annually.Total Debt Service: $13,740 (rental property) + $8,592 (equity loan) = $22,332 annually.Net Cash Flow:NOI: $11,400Minus Debt Service: $22,332Net Cash Flow: -$10,932 annually (negative cash flow initially due to high debt service).Cash-on-Cash ReturnInitial Cash Investment: $70,500Net Cash Flow (first year): -$10,932Cash-on-Cash Return: Not applicable initially due to negative cash flow.Long-Term Appreciation and AdjustmentsProperty Appreciation:Assuming a 3% annual appreciation, the property value could increase by $9,000 annually.Rent Increases:Assuming a 2% annual rent increase, rental income will rise, improving cash flow over time.
Daniel Solano Wolfe First Time Intro
15 June 2024 | 4 replies
I've recently been having a lot of extra free time and decided to invest all of it into learning more about real estate and investments in real estate.
Joey Stelly Self Storage Market Analysis
14 June 2024 | 4 replies
In each of these potential locations, total NRSF is below 13.
T. Alan Ceshker Wraps and due on sale clause
15 June 2024 | 87 replies
Not only are some people totally unknowledgeable and totally invested in their opinions, but they make stuff up to support their opinions and emotional beliefs.  
Eric Lind Mortgage Lender tells me to not pay full credit card balance?
17 June 2024 | 16 replies
Experian will do it for free but I think it is definitely worth paying for this.One reason it is worth the investment is because you want this reporting to all 3 credit bureaus. 
Abhishek Agarwal Starting out with Investment
15 June 2024 | 16 replies
feel free to reach out anytime.