Richard H.
Cash on Cash Return after Cash-out Refi
Hi,
I'm in the process of a cash-out refi on one of my rental units that I have owned for about 3 years. One of the financial statistics I really pay attention to is my cash-on-cash return each year. I was ...
Morgan Smith
ROR for property that is 100% financed.
Hey, I think i'm losing my mind with this and i'm sure it's a simple answer, but what do you guys use for your ROR for properties that are 100% financed with a HELOC?
Here's my usual deal:
35k purchase
800 a month ...
Craig S.
Is Net Income or Gross Income Used For A Mortgage?
Hello,
I am looking to get financing on my first deal. I am looking at purchasing a multi-family apartment (max of 4 unit) through the FHA program.
I am 22 and self-employed. My gross income is a lot higher than my ...
Casey Rouse
Property taxes > Mortgage
My property taxes are now 76% of my mortgage. Last year we had a double digit increase, and almost double digit again this year. This is not only a direct attack on investors, but also retirees and other people on fix...
Ian Tyndall
Want to collaborate on building a STR GPT?
Hello world!This week OpenAI announced the launch of its custom GPT functionality. I started one to help STR hosts (free to use):ChatGPT - STR Property Optimizer (openai.com)The focus is on discount pricing strategie...
AJ Wong
Hidden costs & considerations for out of state or STR vacation rental investors
By my calculations we've assisted nearly two dozen out of state or area investors acquire, furnish and launch vacation rentals on the Oregon Coast the past two years. The typical investor profile is GenX or millennial...
Jim Basar
Property Taxes Spike
Hi All, First time posting to BiggerPockets. I own a single family primary residence and a rental property, both in Cleveland, OH. One in Tremont, the other in Ohio City. I've noticed that going into 2023 my propert...
Rich Weese
Taxes, taxes, taxes-raise or lower?
I want to share something here. If there is still a question whether to raise or lower tax rates, please back it up with facts, or history, please.
This lesson will come in 3 parts.
Harding and Cololidge period
part...
Roman Rida
Can operate LLC for a Airbnb business without the LLC owning deed
Hi Bigger Pockets!I have a Airbnb property with a residential "investment property" loan with Pennymac. I understand that Pennymac doesnt allow you to switch the deed to the LLC and I am wondering if I can operate my ...
Sean Moen
Critque Needed
Hey Folks, just looking for some feedback on my analysis. First, is the pro-forma I did on the property; trying to figure out where it currently stands. Second calculation is any value-add proposition and my offer p...