Lakota Junker
How to determine ARV???
We have recently been looking into flipping houses. I was wondering how to determine if I'm paying too much for the house? If I use the 70% rule...How do I know the ARV of the house before I buy? And can you hire an i...
Jin Nguyen
Question: how to evaluate comm real estate investments?
I want to purchase commercial real estate, but have zero experience in this space. Also with an expenditure cap of 500K I am limited on what I can purchase. Most of listings I've seen have been retail spaces. What...
Sean Ridlon
PMI... Is it possible to avoid it?
Hello all,I had a question about PMI. Is it possible to buy a property using a conventional mortgage without 20% IF the subject property is being purchased for 75% or less of the appraised value?TIA!
Bob Flynn
tax allocation to land vs. apt buildings
I'm a member of a partnership that purchased several four-plexes last year. I have reviewed my CPAs draft tax return and they have allocated 25% of our purchase price to land value and 75% to the buildings. Therefor...
Eric Thomson
Excel Formula For Max Purchase Price
Hello all!
I am looking for some Excel magic to be able to enter a desired ROI, actual NOI, & actual Loan Terms and it generate a max OOP, which I can then use to determine the max purchase price, but I can't qui...
Nicole Simmons
How to determine HOW MUCH I can afford to buy?
If my goal is to buy turnkey, rent and hold or maybe, BRRRR, with little to no money down- then how do I determine how much I can afford in a piece of real estate? I cannot afford to risk losing my salaried income, bu...
Sam Craven
Can you break the 70% rule?
6 months into real estate investment I have used this criteria to determine if the deal was worth doing. Now that our marketing is working better and the deals we have been looking at recently have ARVs in the $400-$...
Niraj S.
Seller financing deal analysis
Hi everyone!I have a pocket listing brought to me by my agent. The owner is elderly and is wanting to sell her 3 bed/2 bath ranch style home for 300K (neighborhood comps are between 320-330K). The house does need a c...
Chris Thomas
Using Hard money upfront then converting to DSCR loan
I’m trying to understand how to go about purchasing properties that need rehabs with hard money then converting to a dscr loan after the rehab and new appraisal have been completed. If anyone could layout some basic s...
Carlos Santiago
calculating land value for depreciation
hi -- i've got a rental property I purchased this year -- I know for depreciation I have to pull out the land value -- is there any set way of doing that? can I just estimate about 20% of the purchase price?