Keith W.
Risks associated with Lease Options
2 April 2020 | 27 replies
That's trouble just waiting for you...and added cost up front.
Aaron Linden
Reject Applicant For Tenant References
27 March 2020 | 6 replies
The more you talk, generally the more you open yourself up to trouble, or at minimum waste your time and theirs.
Paul Birkett
Lender View: Here's what coming next....the outlook is not good.
3 April 2020 | 16 replies
The nuances here are that there may not be a foreclosure wave for people who were in trouble and want to stay in their properties.PS: I have now witnessed several hard money lenders who have stopped lending.
James Dolan
Trouble in the Sewer Line
26 March 2020 | 3 replies
Hi All,
I have a property under contract in Pittsburgh that has a blockage 85 feet down the sewer line so the plumbers are unable to confirm whether the line is free of damage beyond that point. They quoted me to cle...
Ralph Lauren
HELOC to start investing?
27 March 2020 | 3 replies
Use it as a downpayment on a cash-producing asset or use that money to get a hard money loan and flip something.
Jose Rivera-Bodon
Tenants wanted to bring a friend to stay at the apartment
26 March 2020 | 2 replies
I want to help but I know this could be trouble for my business and other tenants as well.
Tony T.
NY Bill Would CANCEL Rent for 90 Days, Not Postpone.
24 July 2021 | 172 replies
We did not institute a government to award one citizen's labor/product to another citizens with no reimbursement even in troubling times.
Mike Mannino
Anyone with Capital still putting money to WORK?
12 April 2020 | 5 replies
If we get that far out, I fear we are all in serious trouble.
Deborah Pyburn
Any Residential Architects?
27 March 2020 | 3 replies
I’m slowly shopping for my personal residence which will have an income producing aspect to it (either Airbnb or traditional rental).
Dexter Harris
DID I ANALYZE THIS RIGHT for CRE Multi Family?
31 March 2020 | 17 replies
This is my three post...Yearly mortgage break down: $84,378 $114,008/12 Months = $7,031 $9,500 Monthly (missing principal)Total Gross Income: $230,256+23,496=$253,752-10% Vacancy= $228,377 $230,256-10% Vacancy + $23,496 =$230,726 (vaccancy rate, other income is not calculated under vaccancy, this expence is calculated on actual numbers year end)Total Gross Income $228,377-$230,726 Yearly Expenses $94,204= NOI $134,173 $136,522Total Annual income: $228,377-$230,726 Total Annual Expense $94,204 - Total Annual Debt Service $84.377 $114,008= Cash flow $49,622 $22,514 ($84K is intrest you need to add principal as you pay this out of the income it produces)cap rate= 5.3% 5.46% NOI 134,173 $136,522/selling price 2.5 M=5.3% (8% cap rate would be purchase price of 1.7 M)Cash on Cash= 6.8% 3.11% Cashflow $49,627 $22,514 /Acquisition cost $724,932= 6.8% 3.11%DCR=1.59% 1.197% NOI 134,173 $136,522 / Annual Debt Service $84,378= 1.59%..