Bryan H.
Determining Offer on MHP
I'm looking at purchasing a MHP, asking price is $220,000 with CAP rate = 12%. With 25% down and after expenses my ROI is about 21%.
I'm pretty sure the seller determined the price by starting with the CAP rate to g...
Gibran Saliba
Closing costs figuring out
I have to figure out how much closing costs will be for me when I have to get a house under contract. How do mathematically find my closing costs amount so I can finish my MAO formula. Thank you.
Sheldon Peart
Property Expenses & Cap Rates
Hello Everyone, I have two quick questions. We are currently looking for our first real estate property; multi-family to be exact, and have some questions regarding expenses and cap rates:1. Operating expenses - I hav...
Rochelle C.
Equity in REO
How is equity determined in a foreclosed, bank owned property and is there an easy method of assessing what it is or does the property require an appraisal first in order to know how much equity remains?
Thanks,
Roch...
Duncan Hogan
Getting from the first property to the next
Hello, within the last year I purchased my first property by using the house hacking strategy on a duplex. My tenant pays most of my mortgage for me and I became incredibly determined to try and get another deal in th...
Jordan Archer
What's the market standard for calculating the cap rate?
What is the market standard for determining a property's Cap rate and NOI? Do you get a professional appraiser or is it just as off the cuff as it appears to be on Loopnet?Are their certain expense items you can leave...
Michael Westberry
Determining price you can pay
I just watched Jerry Pucketts podcast which was filled with some awesome info. I liked his formula for finding the price he could purchase a property which isARV-rehab-(your fee). I wanted to see what other wholesaler...
Jennifer Roberts
When can you relist a newly purchased property in a1031 exchange?
I had a question that my QI couldn't really answer. Before I bug my poor CPA again, I'm wondering about the collective consensus of this group. How long do I need to keep a newly purchased property that I exchange in ...
Nicholas Dillon
What calculation can I use to determine if a cash out refinance is a good idea?
Hi there,I currently own 2 investment properties. I am currently investigating taking a cash out refinance on one to fund my next purchase. What kind of calculations should I use to determine whether or not this is ...
Francisco Escobar
1% Rule - 1% of what
Hey everyone, I'm starting to analyze houses on the market and I'm curious if the 1% rule applies to the purchase price or if we should throw add the estimated cost of repairs? I'm seeing some homes where rents, say ...