John McCormack
Our First Multi-Family Deal. Advice?
6 January 2014 | 2 replies
.$280K$56K downP&I: $1200.00$2700 Total Rents - 50% rule = $1350.00 - $1200P&I = $150We've also broken the 50% rule down further with what we believe to be more accurate numbers:TAXES: $279INSURANCE: $279 (This is estimate as I wait to hear back from ins. agent)VACANCY 10%: $270REPAIRS/CAP EXP: $162PROP MANAGEMENT 10%: $270 (We'd be managing but have this built in for the future in case we didn't want to manage)Total: $1260.00$1260 + $1200 P&I = $2460.00Total Rent: $2700-$2460 = $240 cash flow.CAP RATE 6%GRM 12CASH on CASH 5%We realize that this isn't a great performer overall.
Terry Jeffery
time to jump in the pool
4 January 2014 | 3 replies
relatively new to the investing scene and the wholesaling thing both altogether, however wholesaling might be difficult in my area because I do not live around abandoned properties, nor are there none close to me.
Steve Candor
What am I missing? Buying my first rental property.
6 January 2014 | 5 replies
Expenses -----> Cap rate, cash-on-cash....
Kelsy Soderlund
Help with SFH Buy & Hold Analysis
6 January 2014 | 22 replies
Couldn't figure the cap rate on comps as they were all n/a.Regarding financing, we're considering using hard money for 18 months and refinancing the property conventionally to pay off the hard money loan.
Bryan Dracka
Wholesaling a Multi-Family?
5 January 2014 | 3 replies
If you can find or figure it, compare cap rates.
Robert Lasko
$60,000 town home
4 January 2014 | 13 replies
I calculate an 8% cap using a 50% expense ratio.
Brian Borchers
SAFE Act - Dodd Frank Strategies
15 January 2014 | 8 replies
Hello all,Hopefully I didn't miss this when performing a search, but I've read over everything I can find on seller financing and it looks like it will now be more difficult than ever to sell the POH on any purchase.I do have two thoughts on the matter though and hopefully someone with more experience can tell me if I am wasting my time.
Jason Eyerly
What is the point of Cash Out Refinancing?
6 January 2014 | 52 replies
I think you will have a very difficult time finding a bank that will fund a mortgage loan to a new LLC.
Chris K.
To inspect or not to inspect?? House may be risk for lead but not required to inspect..
12 January 2014 | 10 replies
I do this and if there are any lead paint affected areas that are small and not difficult to remove, encapsulate, etc.
Zelda Sheldon
New Member from Sydney Australia living in Nashville TN
6 January 2014 | 11 replies
Currently I'm building my personal investment portfolio and also wholesaling to other investors and sourcing properties in Memphis Tennessee where cap rate is over 15%.