Hi.  I'm looking at a 26 unit motel in a tertiary market.  Current financials(according to the P&L) show a little over 35k NOI.  Converting to an extended stay, that NOI would be closer to 76k, not including debt ...

Hello all,I've purchased several properties in the past 18 to 24 months and I'm starting to really work on doing a better job of organization and calculating exact returns.  I've been cautious to make sure I'm purchas...

I just received back my tax prep from my CPA and it includes my first ever 1031 Like Kind Exchange. The CPA is not including an expense for agent commissions and therefore I am showing a taxable gain. For illustration...

I just went under contract for rental property number 7 and I’m projecting my return on invest to be 11.7% on a yearly basis. While I’m happy with this return it was below my average return of 17% on my previous 6 ren...

Can someone tell me if this deal is a good one?Here are the numbers: total purchase price $183k [including all closing fees and repairs].  Monthly rent $1800. Cap Exp $755 [including taxes and insurance].  Total net r...

Hi everyone, As I understand, every time that I purchase a rental property, after it rented, and I want to purchase the next property. The bank can take 75% from the income of the first property and if it covers the (...

I'm trying to furnish these apartments for a low price but keep them looking good. After 26 furnishings I think I got my furnishing costs zoned in. I was wondering how it compares to you guys.All prices include labor....

What should be included in a presentation to a hard money lender? Should the presentation be over the phone or in person. Finally, do HMLs require a down payment on the loan? If so, what percentage of what?

I am using quicken for real estate to handle all my finances. I am buying my first property, and am trying to categorize all the expenses. So here is how I understand it.
The down payment can not be written off.
All o...

When I first saw this, I believed it to be to good to be true. Included in the new stimulus is a clause that has been enhanced since the last stimulus. The long and short of it is that the government will pay for a po...