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29 October 2024 | 131 replies
As it is I paid for some calculator they were supposed to send me but for some reason they won't respond back to me so I thought that was odd in it self.
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17 October 2024 | 9 replies
So yes, you need to set aside enough money to pay future taxes.Taxes are calculated only on your net profit - i.e. after everything is deducted, including labor & materials, holding costs, financing costs and business overhead such as marketing and driving.
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16 October 2024 | 5 replies
I would assume the actuals are not actual because it's showing 100% occupied for all 12 months.Capital improvements fall below NOI, and do not affect property value.And I think you need to have some type of debt to calculate a purchase priceGino
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18 October 2024 | 37 replies
It will go much further than someone walking you through two flips long distance and in buying a LTR when you can use the BP calculators for both of those.
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14 October 2024 | 2 replies
However, the lender will consider the rental income from the other unit when calculating your debt-to-income ratio.Here’s what you need to know:- **Interest Rates**: You might not have to pay higher rates just because it's a duplex.
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17 October 2024 | 4 replies
In this approach, the taxpayer calculated that the cost to construct a new building (say, $300 per square foot at 2,000 square feet, totaling $600,000) should be allocated to building and the remaining balance of the acquisition should be allocated to land.Rule of thumb method: Some taxpayers use a predetermined percentage (such as 80/20 percent, 70/30 percent, etc.) for improvements and land.
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19 October 2024 | 11 replies
Your living expenses get rolled into the investment, which can offset the expense (you're paying $1300 in rent each month--including that in your calculations for either a duplex or a home with an adu may make the investment numbers work better)I would strongly encourage you to spend a lot of time figuring out how to make a house hack work for you guys.
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17 October 2024 | 12 replies
Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.
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15 October 2024 | 5 replies
.### Renting the Property- With a projected rent of $1450, you need to calculate the Debt Service Coverage Ratio (DSCR) to ensure it's viable
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14 October 2024 | 3 replies
Since Austin charges 11% hotel occupancy tax, should I include that as part of my expenses when calculating cash on cash return?