Lois Stern
Fair Market Rent ... means ...?
So, I'm looking at HUD's fair market rent for the area I just purchased a property in. It is a few hundred below what my inspector friend [who is also a landlord] told me I could get for the place. What exactly does...
N/A N/A
Appraisal or Recently Sold Price??
Good afternoon all,
I was wondering something.....
Recently, I just assigned my first contract. I am in the process of researching information on a few other properties. My question is.....
When you are looking at...
Owen Thornton
Why are high cap rates risky
Why are high cap rates usually considered risky? Are they not profitable for their high returns? Or is it likely risky because the seller is selling even though there are such high returns? Are high cap rates simply o...
Elliott Holdosh
BRRRR method using comps
Hello BP!
I am currently in the process of learning the beginning steps of the BRRRR method. I understand that you should find comps for the property, but I am confused on how to find comps and what exactly to do wit...
Martin Sterling
Appraisal Scares on Exiting your Flip Part 2 FRAUD!!
This is a continuation of the following post. If you haven't read it, here it goes.https://www.biggerpockets.com/forums/67/topics/456...So, the terribly low 220k appraisal that the buyer did which should have been at ...
Cole Simpson
How Short- Term Rental Hosts Are Taxed?
Nothing stresses out a host more than short-term rental taxes.A deduction is an expense you spend on your short-term rental business that can lower your taxable income. This is a good thing! The more deductions you re...
Mauricio Duarte
QuickBooks Help - Accounting for Item Returns
I'm new to QuickBooks and need assistance accounting for item returns. Here's an example of what I'm struggling with:Let's say that on 5/27 I purchased an item at Home Depot for $10 which I assigned to a COGS category...
James Whitehead
Portfolio of six homes, worth the investment?
This is potentially going to be my first deal so I apologies in advance if my info and idea isn't as succinct as it could be.My wife's family is in Louisiana and looking to sell 6 rental homes as they are moving out o...
Therese V.
What is MIRR (Manager's Initial Rate of Return)?
I was reading a thread on here and someone brought up MIRR (Manager's Initial Rate of Return) in passing. What is this, what does it tell me, and how do I calculate it? Why do I want to know this?Thank you for any res...
Eugene Vollucci
Comprehensive Property Analysis Strategies
Discover the essential tools needed to analyze property and how to apply them.
THE INTERNAL RATE OF RETURN (IRR) TO AIM FOR
The IRR should reflect the degree of risk you’re willing to take. The riskier an investment...