4 September 2019 | 5 replies
I have house hacked twice now.I always use these 6 formulas when doing basic numbers on a property.The 1% rule- example is a $100,000 House should rent for around $1,000 per monthThe 50% rule- 50% of the gross rents of the property will go towards expenses on the property that don’t include principal and interest payment.Gross rent multiplier- similar to a P/E ratio where you take the purchase price and divide by the gross rents for the property Cap rate- tells us what a property will produce after expenses.
3 April 2017 | 15 replies
I also don't mind rehabbing a little.I calculate it from the money out of pocket divided by the positive cashflow per year.Well they said it would be hard to find a 3-4 family house which only has one vacancy.
22 April 2016 | 24 replies
Because of this, he should say that whatever price they agree on, he'll divide it by 0.97 and give the agent the 3% (typical split commission if my cousin were to have used an agent), he's not losing anything extra, and the buyers have that cost tied into their mortgage and aren't out that amount themselves.I'm curious what other techniques people have used if selling themselves and are approached by a buyer's agent?
13 June 2023 | 6 replies
Some say do not purchase a property, if there is a similar unit next door, like if its 30 unit complex divided into 2 buildings.
8 March 2024 | 53 replies
Divide by 4.
24 January 2024 | 9 replies
Later-Stage Gentrification, Prices Already Way Up From 3-5 Years Ago (and climbing): Deerpark/Silverton, Madisonville, Northside, East Walnut HillsMajor Growth But Be Careful Which Section Of The Neighborhood You're In: College Hill, Norwood, Evanston, Walnut HillsNB I love North Avondale but there's a definite divide between the haves and the have nots there and it isn't changing any time soon.
24 May 2024 | 12 replies
This 100% what's happening, and when the wealthy create a larger divide it becomes a scarcity play for typical Rupert and Lolita.
29 July 2020 | 34 replies
I know I'd rather not see BP turn into dividing partisan nonsense the way the rest of the internet has.
3 September 2018 | 12 replies
Loop net's listed cap rate is usually just the gross rent divided by the list price.
9 February 2018 | 6 replies
Our near term goal is to land a property with good cash flow, longer term (6-18 months) I'm hoping to get into a larger multi-family deal.The property in question is in Brighton Colorado, and has 3 separate structures on the lot, 2 houses (1/1, 600 sqf, 2/1 775 sqf) and a garage that is divided into two storage units.