Mike Huang
Re-evaluating this Deal
5 August 2016 | 1 reply
It would not be the first time someone came back after a contract was made and ask for adjustments.
Amit Patel
Help ! Need help with Deal Analysis - 80 Unit property in Ohio
12 August 2016 | 13 replies
And I didn't see anywhere that you factored spending at least $150k (number seems too low to get that many units online) Also, could the area have that many new units come online and fill in any kind of speed?
Abdul Azeez
Freedom number
20 August 2016 | 8 replies
Just set a goal and adjust as more money rolls in.
Adam T. Veitenheimer
OK BP I'm going to need your help with this one!
19 January 2016 | 5 replies
This would be a commercial loan typically with 20-25% down and adjusting every 5 years.
Dan Graney
Trapped Dishwasher
7 February 2016 | 17 replies
Does the dishwasher have adjustable feet?
Daniel Patton
LLC questions
10 March 2016 | 3 replies
These amounts are not the same.Added bonus: On top of the SE Tax calculation, there is usually an above the line adjustment available which consists of the deductible half of the SE tax amount (7,065 in this case) which would further lower the effective rate of the income tax you actually end up paying.
Raymond Ebbeler
Raising capital
5 April 2016 | 14 replies
Ensure you are on track with your timeline and adjust as necessary.There are grantsmanship classes offered across the country.
James Sutton
Cash Flow Seeker
3 April 2016 | 11 replies
Ha, I simply lifted it up and placed it backed down.We Put:20% down - $30,500Closing / Points - $5,200 for 7 year adjustable 30 year amortized at 3.88%Fix Up Cost - Estimated $5,500 and ended at $8,500 (about a grand in tools and valuable lessons leanred). - I cleaned out the condo (I negotiated a washer/dryer, big cold freezer, computer, and several old books and ornaments which I think all together adds up to about $4,000), installed laminate floors in living room, paid someone to tile the kitchen, I replaced all the fans and lights, installed dishwasher and new microwave, ripped out vanity and installed pedestal sink in downstairs 1/2 bath to give space, and replaced all gold sink and toilet fixtures with brushed nickel.
Paul Miller
Bank Owned Pee House
31 March 2016 | 6 replies
It's worth a try but sometimes they will only make price adjustments after a certain amount of time passes.
Corbin E.
High sales price or too conservative of assumptions? (4 plexes)
29 August 2017 | 4 replies
General assumptions I am making thus far include (assume duplex on deal below though per unit figures provided to generalize how I'm analyzing anything in the 2-4 unit range):Financing:-3.5% - 10% downpayment (depending on total capitalization), 4.65% interest rate o/ 30 year term-1.75% upfront PMI required, with 0.8%/year amortized into loan payments for ongoing PMI-3% plug for closing costs-2% of loan amount for financing fees-8% vacancy/collection loss-$450/unit/year insurance-7.5% Mgmt Fee on gross potential income-$500/unit/year for R&M-$300/unit/year for capital reserves-All utilities pass through to tenant-$30/month for landscaping-$40/month for pest controlAs mentioned, my cash flow after debt service on nearly all deals I look at (after adjusting the brokers' 20% expense ratio up to the 40-45% I am comfortable with) turns out negative or nearly $0/month, making me question whether the selling prices are absurdly high right now, whether my assumptions are far too conservative, or whether levering a deal to 90-96.5% (utilizing FHA 3.5% or anything up to 10% down) prevents anything from working due to the high monthly cost of financing which includes PMI.