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18 March 2017 | 15 replies
Originally posted by @Matthew Paul:Originally posted by @Ed E.
20 March 2017 | 6 replies
W/O an offer, we normally can't get to any PnL and our offer would very much like to be based upon that unobtainable PnL - - catch-22.My back of the napkin analysis goes like this:GSI - Expenses = NOIExpenses ASSUMED to be 33-50% of GSINOI * 10 (an assumed GRM) is the MAX purchase price to be offered.When we get the Sch-E for two years and the corresponding rent rolls, we can correct our assumptions and amend our offer via the contingency approval of both.
17 March 2017 | 6 replies
When I started 8 years ago people said 'you can't do that, the r/e mkt is terrible, nobody is buying houses!'
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21 March 2017 | 6 replies
However, keep in mind that they only collect data from Airbnb, so details such as occupancy can be incorrect if the owner lists on multiple platforms (most do).
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19 March 2017 | 3 replies
Convent Conversion 901 E Evans Ave Pueblo CO, 81004 Purchase Price100000 After Repair Value167,000 Closing Costs5000 Estimated Repair30000 Down Payment20000 Loan Info80,000 @ 5%, 2 points, 25 years 7 small 40028001 master500500Total Income 3300 Operation Expenses Vacancy (12%)400 CapEx (10%)330 Water200 Insurance200 Repairs (10%)330 Electricity200 Garbage200 Management (10%)330 Total2190 Loan467.67 Total Expense2657.67 Total Cash Needed56,600 NOI13,368 COC ROI13.70% Final Cap Rate8% Monthly Cashflow646.33
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19 March 2017 | 8 replies
@Mark Gallagher how strict is PA on selling RE that you don't own.IE putting something under contract then advertising it like you own it on craigs list or e mail blast to your buyers lists.???
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10 July 2017 | 19 replies
Others who know the region can weigh in here as well, but my impression is that the E-W roads tend to be less prone to major traffic problems than the N-S ones.
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28 March 2017 | 7 replies
The monitoring BP has also help to keep only the serious and friendly investors around, so it's a great platform to network.
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20 March 2017 | 3 replies
They don't own anything can be evicted for non payment of monthly rent or damage to the property.If they are not ready to buy by the time the option expires, you can have an option extension period with proper prior notice.HUD has some general lease option agreements: https://www.hudexchange.info/resources/documents/e...Also, BP has a top 10 list of documents needed for landlords.https://www.biggerpockets.com/renewsblog/2011/06/2...
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19 March 2017 | 2 replies
This means that 50% of the home's basis, expenses, repairs, and improvements should be on Sch E while 50% of interest and taxes should be on Sch A.Any improvement costing over $2500 will most likely be capitalized and depreciated.