Account Closed
My last question about 50% Rule
When you say 50% for "expenses", and the rest can cover "mortgage", are you putting interest, taxes, and insurance in the "Expenses" and the "Mortgage" is really just principal?
Erik Markoff
HELP DTI high, need cash for remodel on ag property + Airstream
Goal: purchase 35+ acre's with existing home, ag status as new primary residence for family of 5. Zoned for second home build on property. Mobile Tiny home/Airstream to be placed. Projected purchase: $1,100,000, 10% d...
Ryan Stirling
50% rule and HOA fees
For the 50% rule, if I'm analyzing a deal involving a condo with a HOA fee, does this charge go into the debt service/mortgage part of the other 50%.
Also, what about PMI? Where does that go?
Daniel O'Grady
Investment Calculation
From what I know cap rate is calculated as NOI/Value of Asset (Down payment+amount financed). While the cap rate seems like an OK calculation, it does not include the part you pay for financing so it is possible to h...
James Park
What happens to the dollar and gold when interest rates rises?
For those of you who have seen several cycles of the market like Mike Reese ("Rich"). What happens to the value of the dollar when interest rates start to rise? What would happen to Gold prices in this situation? Is i...
Kasie Kay
Mixed use building BRRRR
Needing advice from someone with more experience. I just won an auction on a mixed use commercial/residential building. What is the downside of using a commercial lender to purchase, my own cash to rehab, and then ref...
Albert Young
How co-borrowing impacts future debt to income ratios
I recently purchased a triplex with my in laws. It is a shore property that we plan on renting two of the units seasonally and keeping one unit jointly for our own use over the summer. Both my wife and I as well as ...
Kyle Z.
How does a current Heloc effect future borrowing options
Ok, stick with me on this one...I am a potential investor and I'm trying to figure out the best way to start. Here is a quick rundown of my current situation.I own a house worth $210,000 - free and clear no mortgage C...
Calvin N.
Reporting tenant debt to IRS
I have read, but want to confirm that I can report forgiven rent payments from a tenant as income to the IRS. The tenant moved out and owes me for last month and a half rent plus utilities. Instead of going after th...
Matt Herbert
Capex, Opex, NOI and more
I'm trying to understand how capex reserves factor into NOI, Cap Rate, Debt Service Ratio, and other metrics. Lets assume the following yearly numbers for a Single Family Residence (these numbers are made up, try not ...