Chuk Obiazi
Seeking Guidance in the space of Development
14 August 2024 | 1 reply
Now that my goals are clear, I'd like to take the initial steps.
Devin James
Real Estate Calculations
14 August 2024 | 1 reply
It helps determine if the project will meet the desired profit margins.CoC (Cash on Cash Return): I find this particularly important for fix-and-flip projects, as it measures the actual cash return on the cash you’ve invested, giving a clear picture of short-term profitability.Cap Rate (Capitalization Rate): While more commonly used for rental properties, it’s useful in understanding the potential income from a property relative to its price.IRR (Internal Rate of Return): This is a great metric for longer-term projects or those with varying cash flows, as it takes into account the time value of money.Some investors might overlook metrics like AAR (Average Annual Return) or EM (Equity Multiple) if they’re not as relevant to their specific strategy.
Bob Asad
What is The Best Comparable Analysis Tool?
14 August 2024 | 6 replies
That's a little easier.Go to Redfin, find 3 properties that had a short DOM that sold recently that are comps in your market, look at the level of finish and design layout and make yours look like that.
James Mays
LLCs - Holding Companies - Scaling
15 August 2024 | 6 replies
I like what the people above have to say.
Michael Mattingly
Seeking property manager in Las Vegas
15 August 2024 | 6 replies
Feel free to reach out to me with any questions or if you'd like to discuss your needs/wants!
Donald Tsung
Is there a website that I can get an estimate on the re-hah price of xyz location?
14 August 2024 | 6 replies
It's like the Zillow Estimates... it just aggregates the data from across the board, which is a good start, but it won't account for nuance and detail (e.g. a corner property selling for a 5% premium compared to non-corner).
Kar Sun
Clauses in a contract
14 August 2024 | 12 replies
It sounds like you want them to sign a NDA (Nondisclosure Agreement).
Jeff Siemers
Hello from Wisconsin
15 August 2024 | 8 replies
When you can buy properties like this, you can get almost 100% of your money out of the property, convert the property into a long term rental loan, with a DSCR Loan (Debt Service Coverage Ratio) where we as the lender look at the property and if it cash flows, and that is expressed as a ratio, for instance if your Total Loan payment including Principal, Interest, Taxes and Insurance was $1000/mo, then you would need a rent of $1200/mo and you would have a 1.2 DSCR Ratio.Here is an example of a cheap duplex https://www.zillow.com/homedetails/732-Broad-St-Menasha-WI-5...
Rob Everetts
Fix & flip anxiety
14 August 2024 | 6 replies
Ultimately, the decision is yours, but it seems like you’ve got a solid foundation and just need to take that next step with confidence.
Angela Kiser
STR Investing in Aruba
14 August 2024 | 6 replies
Our first property will most likely be an STR in Aruba.