Matthew Sutton
Own outright vs loans?
30 May 2016 | 11 replies
Money is gone unless you refi, and your buying power has now been reduces even more than it would if you used debt services.If your paying with a percentage down with debt service, your getting COC.
Chris B.
Rental Market and Dollar Collapse
19 May 2016 | 10 replies
Debt/GDP ratio which is lower than Japan and China.
Derrick Camber
the SLOW process with debt before investing
24 May 2016 | 22 replies
Yes it is small at $10k in debt.
Tracy Royce
Would you allow a hoarder post-possession?
18 May 2016 | 6 replies
I absolutely would not allow post possession occupancy in this situation.
Joshua Martin
Do we have a deal?
18 May 2016 | 3 replies
Crude analysis:50/50Monthly rents $3,34050% to expenses, 50% available for debt service: $1,670 Debt service $611 (An estimate of trulia of 83.2k @ 4.125 amortized over 30)Cash flow: $1,059 ~ Annual, $12,7081% Rule: Purchase price (all in) 104k, monthly rents, $3,300 = 3.1%And now, sorry this will get a bit longer, a slightly more detailed form (the best I can do at this point):Gross monthly income: $3,340Monthly Expenses:Vacancy @ 8.3% (local property manager though this was accurate) = 277.22Water & Sewer = $102Management @ 10% (although I'll do it for the foreseeable future) = $334Garbage?
Joshua Martin
Do We Have a Deal?
20 May 2016 | 11 replies
Crude analysis:50/50Monthly rents $3,34050% to expenses, 50% available for debt service: $1,670 Debt service $611 (An estimate of trulia of 83.2k @ 4.125 amortized over 30)Cash flow: $1,059 ~ Annual, $12,7081% Rule: Purchase price (all in) 104k, monthly rents, $3,300 = 3.1%And now, sorry this will get a bit longer, a slightly more detailed form (the best I can do at this point):Gross monthly income: $3,340Monthly Expenses:Vacancy @ 8.3% (local property manager though this was accurate) = 277.22Water & Sewer = $102Management @ 10% (although I'll do it for the foreseeable future) = $334Garbage?
Jermaine White
Estimating ARV
14 December 2016 | 2 replies
After you determined the property to be a good investment you will want to then calculate the Debt Service Coverage Ratio (DSCR).
Wade Stahle
Refinancing PMI question
18 May 2016 | 2 replies
Saving you about $150/month and you will still be mortgage debt free on or before your original schedule.
Aaron Smith
8 unit in ohio
21 July 2016 | 18 replies
Details:$175k, 8 units, built 1966, $450 each unit rentassume 10% vacancy, 55% expenses, 4% interest rate, 25% down.Before raising the rents (basecase), I get 1.85% monthly rent to purchase price (2% rule)2.33 debt coverage ratio, 10 CAP, 21% cash on cash.All in all, not too bad.
Tom Howard
Feeling Conflicted
23 May 2016 | 7 replies
He owns a large portfolio of SFH and is completely debt free - that is his claim to fame.