Nolan Dalton
DSCR LOANS. Where to get approved?
25 September 2024 | 37 replies
This means that the property's annual net operating income (NOI) must be at least 1.25 times greater than its annual debt service.Calculate the property's NOI: To calculate the property's NOI, subtract all operating expenses (such as property taxes, insurance, and maintenance) from the property's gross income.
Sam Booth
How many rentals to retire?
21 September 2024 | 44 replies
Take the total income, subtract your known costs and the projected costs, and you'll know how much remains to live on.
Arya Chen
Please Help - Self Storage Deal Analyze
18 September 2024 | 10 replies
For these properties, I’ve calculated the Net Operating Income (NOI) based on 100% occupancy, then subtracted approximately 33% for expenses.Storage 1Unit Number: 105Size of Land: Litter under 1acre, probably not expandablePopulation: about 34K within 3 miles,Population Growth: 2-5% per yearTraffic Count: about 4KRent at 100%: $110KProjected NOI after deducting 33%: $73.7KAsking: $900KOffer price: $730-780K?
Addie Burchell
Sell at loss or rent at loss?
20 September 2024 | 21 replies
My forecast is that it likely will perform worse than as an LTR after subtracting for a PM.
Kathleen Park
How Much Subtract from the Security Deposit
12 September 2024 | 9 replies
My tenant moved out a couple of days ago, and when I walked through the unit, I discovered that he had removed the curtain and curtain rod, detached the room air conditioner, and caused significant scratches on the ha...
Account Closed
What part of rental income do lenders consider?
14 September 2024 | 10 replies
HI Shivani,Each individual property would be calculated separately based on when you purchased it (tax returns or lease agreements used either or or both in some cases) which the lender would subtract from the monthly PITI or mortgage obligation/taxes/insurance/assessments/etc.All the rentals whether positive or negative would then be added up into one number (net net).
Jeremi Ramos
Does Multiple LLC Client = Multiple Management Contracts?
10 September 2024 | 6 replies
The most efficient method is to create one contract and then add/subtract properties that are either acquired or sold by this particular client through a contract addendum.
Kay B.
No shower for 3 days due to necessary repair
11 September 2024 | 31 replies
The reduction is computed by subtracting from the actual rent the estimated value of the apartment without the essential services.
William Harvey
Accounting for house flippers
10 September 2024 | 29 replies
You'd subtract your basis from the sale price and you are left with a profit of $45,000 that is realized on whatever date the settlement occurs.
Sandra Lopez
Could someone please help…
4 September 2024 | 12 replies
Once you've paid off the loans then subtract the loan fees.