Jimmy Epolito
Under contract on property #2 in Indy!
I am pretty excited to say the least. I have analyzed a little over 100 deals, made 30 or so offers, and have finally had one accepted! Set to close at the end of this month. It has been a great early learning proc...
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...
Sylvia B.
Cap rates make no sense
I've read this article by Sergio Altomare - How to Calculate Cap Rate (& Where Many People Get It Wrong) several times and there is something that just doesn't make sense to me. These basic formulas do make sense:...
Sparkle Carlock
What's a "good Cash flow" range?
Hi BP.! I am trying to narrow down the strategy I'd like to used to get started. As I look at properties around me, I am stuck between (1) entering REI with a flip to gain more investing captial and (2) acquiring a pr...
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...
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 $400-$...
Ockert Kruger
forced appreciation appraisal
How is value determined for a construction project and for forced appreciation - is it something I can build a spreadsheet for eg calculating cap rate or is it something that can only be done by professional appraiser...
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...