Alexander Ray
Most Newbie Question- What are the components of a mortgage?
?: What are the components of a mortgage, is it only interest, principal, tax and insurance? How do I reduce each one of these costs? Does anyone have any strategies they can share? Any Oklahoma based strategies?Hey e...
Erik Gladish
How can this Deal Make Sense
Hello Smart Money!I have a seller who has an off market property and she would consider owner finance and a creative strategy. She bought thr property 3/9/22 for $999,000Has a $590,000 MortgageThe property has a sepe...
Jane A.
3-12 years warranty gas water heaters for rental?
I have few ancient water heaters - older than 20 yo :))) what I would better choose as a replacement. I am planning to hold this rentals for some time.
Melissa N.
Accounting for unit turn
We are running numbers on a 9 unit near a large university. The owner states it is usually 100% occupied. I put in 5% for vacancy, 5% repairs and 6% cap ex (they just did the roof and parking lot as well as a few wate...
Account Closed
Heating and Cooling system - 27 yrs old. Ask for credit?
Hello,New to the board, I'm in escrow and just found out from inspector that the A/C and heating system is 27 years old, original from 1990. The fan is making a strong vibration that the upstairs bathroom is shaking, ...
Account Closed
Why do we not factor P&I into NOI?
I've read several iterations of 'How to Calculate NOI' here on Bigger Pockets and most all indicate we should not include capital improvements or additions, principal and interest, amortization loan points, income tax...
Jake Hughes
Cost Segregation Study
Called my CPA and they mentioned that aside from tax write offs we can do a cost segregation study on one of my properties. What does this mean?
John Public
Car wash businesses
Recently I have been looking at commercial properties as well as 16+ multi-unit apartment buildings as an investment possibility. As I was looking on loopnet for pure commercial I have been noticing that there seem t...
Jason Malabute
investing 401k money
A potential investor asked me today how can she take her 401k money and invest in multi family deal with me? Can she invest that 401k money with me without getting taxed or penalized? She is younger than retirement age.
Harsh Poshti
Mixed zone property investment ideas
I have a contract on mixed zone property on 355 Fredrick road, Clarksburg. I am debating about the converting the existing old gutted building to either multifamily building (6 units each around 500 sqft small studio)...