Roger Simons
Security is a huge concern when sharing space.
9 November 2022 | 0 replies
Lots of people don't need huge amounts of space but they don't want to worry that anyone can easily take what they have there.
R Jun
SELL VACATION HOME NOW OR AirBNB/VRBO IT?
26 July 2022 | 33 replies
Within 10 years you can easily earn $500,000 or more.What happens if you sell?
Orlando Goodon
Can I add new rules to inherited tenants? Like no smoking?
10 August 2022 | 8 replies
if your lease clearly states "no smoking allowed on the property" then that's pretty cut and dry and you can more easily enforce that.
Michael Mendez
Investor Topics to cover
30 August 2022 | 4 replies
You could easily make several videos about each of those
Terry Ouimet
Know Any Good CPA's, who invest in Real Estate...HELP
6 September 2022 | 8 replies
You can check for CPA's that are still taking on new clients by using the search feature above and filter by members.
Andy Roper
BP - Need your Advice!
12 October 2022 | 2 replies
thinking if it is right option to get heloc on my primary residence which I think I can easily get 150K out of it.
Nik Moushon
Unique investment strategy - Need some opinions
1 May 2019 | 10 replies
After two years of appreciation we would easily be in the black.
Brian Simental
First time purchasing
30 March 2022 | 9 replies
One can get lost in the minutiae really easily.
Anthony King
How much would you pay for this property?
24 December 2022 | 7 replies
The property I'm referring to has been meticulously maintained, no mortgage, owner was wealthy and recently passed away in his 80's and now the kids are in charge of selling and want to maximize the sales price on the MLS so it's not a one on one negotiation.It's a 16 unit with average rents at $400/month and market rate is $800-$895.Let's assume all cash purchase so mortgage payment isn't a factor and use 50% rule for simplicity:$400×16×12 = $76,800 gross rents50% rule NOI = $38,400At $1,000,000 asking price the cap rate would be 3.8%If you can easily increase rents to market at $850/unit:$850×16×12 = $163,200 gross rents50% rule NOI = $81,600At $1,000,000 asking price the cap rate would be 8.2%If comps are selling at a 7% cap rate the sales price of this property could sell anywhere between $548,571 using actual NOI and $1,165,714 using market rate NOI.Clearly you shouldn't pay $1,165,714 based on unrealized potential, but it's also clear that the sellers would not entertain $548,571.
Tricia O'Brien
Smart to get Pre-Paid Rent from Tenant Applicant ?
30 June 2022 | 9 replies
I made the qualification 4x rent because the utilities for the house usually run $280/mo to $400/mo and I thought that if a household only makes $2250/mo (3x rent) in gross income, then their rent plus utilities could easily be more than 50% of their net income.