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2 March 2021 | 2 replies
My thought is that the more cash flow a rental produces, the less money you need in reserves but I'd love to hear other peoples' opinions/advice.
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8 September 2022 | 7 replies
If you have a Class B quadplex in the same market, and it produces $50k per year in net operating income, and you know that investors are buying at a 6% cap rate right now, then you can probably assume that your property is worth $833k based on the market cap for this type of asset (because $50k ÷ .06 = $833,333).To look at it in the other direction: If an investor paid $833,333k for it, they'd earn an annual return of 6%, because $833k x .06 = $50k.
3 March 2021 | 9 replies
For example, if a property is $300,000, and is producing $30,000 per year, That is a ratio of 10 (rents divided by purchase price).
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2 March 2021 | 5 replies
I mean, even if I'm thinking maybe it's a scam, I can't imagine how this would produce a successful scam any more than a conventional sale with conventional financing.
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2 March 2021 | 6 replies
Thanks Jason-I don’t know: my attorney is saying that as long as they can produce a mortgage rejection letter, they can walk away—the thing is that I spoke with the buyer and they already got approved for a mortgage but decided the mortgage closing costs are too high.
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30 May 2022 | 6 replies
Anything 5+ units the value is derived off of the NOI (net operating income) that the property produces.
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9 March 2021 | 9 replies
If there is, you will be drinking out of a glass that was produced and distributed from Toledo.
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5 March 2021 | 19 replies
I may want to refinance after one or two years because the Rental is producing enough income that I could get a traditional loan.Thank you!
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4 March 2021 | 6 replies
Also, most reputable bigger brand firms have great tools, marketing, etc but you should also try to locate a solid office that does produce warm leads.