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21 May 2024 | 12 replies
I asked him why houses on the MLS was not included in his database, he didn't give me a clear answer.
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22 May 2024 | 10 replies
.- **Total amount received (including down payment):** $501,816.40 + $100,000 = $601,816.40.### Calculating ROI- **Total profit (not accounting for costs like maintenance, taxes, etc.):** Total amount received - initial investment = $601,816.40 - $235,000 = $366,816.40.- **ROI over 30 years:** ($366,816.40 / $235,000) x 100 = 156.09%.### Calculating Annualized ROI (CAGR)The formula for CAGR (Compound Annual Growth Rate) is:\[ CAGR = \left(\frac{Final\ Value}{Initial\ Value}\right)^{\frac{1}{Number\ of\ Years}} - 1 \]In your case:\[ CAGR = \left(\frac{\$601,816.40}{\$235,000}\right)^{\frac{1}{30}} - 1 \]Let's calculate this:\[ CAGR = \left(\frac{601816.40}{235000}\right)^{\frac{1}{30}} - 1 \]\[ CAGR = (2.56)^{\frac{1}{30}} - 1 \]\[ CAGR \approx 1.0303 - 1 \]\[ CAGR \approx 0.0303 \text{ or } 3.03\% \]This means your annualized return is about 3.03% each year over 30 years.
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21 May 2024 | 1 reply
That could include business, law, financial, project management, etc.
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21 May 2024 | 2 replies
What are the industry standard marketing and design tools people use to create marketing materials and OMs for commercial real estate?
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22 May 2024 | 0 replies
"Shadow-anchored," meaning the Target or Costco building isn't included with the purchase, but it shares a parking lot or similar.
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22 May 2024 | 5 replies
This criteria is for 1-4 and 5-8 unit programs.I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
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24 May 2024 | 259 replies
@Miguel Suarez We’re so committed to the Metro Detroit area, we created a "Deep Dive" series here on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider: https://www.biggerpockets.com/member-blogs/3094/99854-deep-dive-into-metro-detroit-cities-ecorse We're not aware of any other property manager, agent, turnkey provider, flipper or wholesaler that's made the commitment to do this!
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20 May 2024 | 88 replies
I just read something that said some investors opt to form an LLC for each individual property as a shield so that any lawsuit could only be filed against THAT particular property and not risk having all other owned properties included in the suit.
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21 May 2024 | 14 replies
@Ramy Mosbah I’ve used ChatGPT to help me create some correspondence with tenants which I have then taken, edited, personalized, and made my own.
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21 May 2024 | 1 reply
Hi All, I am exploring Tenant cloud, trying create a lease template. wondering if I opt for starter version, do they have state specific regulations covered?