Harry Aiken
Help me understand. 100k scenario.
Condo: 100k. With a 20% downpayment of 20k. Ill have a loan for 80k. Closing cost of $3000Cash invested: $23,000Rent: $1500/mo or $18,000 yearMortgage $500/mo. Or $6000/year.Vacancy rate at 5%. $900/year. HOA fees are...
Anthony Soliveras-torres
Understanding MAO(Maximum allowable offer)
Hey BP,So I’m doing research on MAO when wholesaling and I’m get confused or maybe just been thinking about it to hard but after finding your MAO, how do you know what to sell it for.do I just add my profit back to th...
Daniel Mendez
Understanding value increase after renovations
Good morning BP!I am looking to buy my second property this year. I would use it as a primary and rent the house I live in right now. My landscape needs a bit of work. Does anyone know how I can determine how much the...
Alex Moseman
Newbie trying to understanding analysis
HI,I am trying to get into the real estate investment game... from a long distance away. I have what may be a very basic question, but I noticed this property on trulia https://www.trulia.com/p/mn/white-bear-lake/4671...
Sergio Alvarez
Help needed understanding the numbers
Need help analyzing this. Monthly cash flow is over $500, am I missing something?
Milos N.
Basic depreciation understanding self check
Hello gurus,I am trying to teach my self how does this all work. please let me know if my understanding is off.Yes, I know I should hire a professional, but I like to understand things my self.Facts: property bought i...
Tyler Martin
The overall understanding of wholesaling
Hello,
I am new to everything about Real Estate but I find everything about it very very interesting and wanted to reach out to get some advice on starting off as a wholesaler and going from there. As a beginner, I ...
Lonnie Pickard
Getting a MLO to Understand
I'm hoping to get a little insight and/or suggestions dealing with MLO's.I primarily do lease options & I've been contacting numerous loan officers/brokers explaining that I'd like to send potential clients their ...
Brandon Sturgill
Understanding Cash-Out Re-Fi
I posted this under another topic as well, so if you have already read, my apologies.Can you please confirm my understanding of this strategy is accurate...so, I buy a cash flow property in the following manner:Purcha...
Blake Ramsey
Trying to understand the numbers
So here’s an example Brrrr just to see if I understand how the numbers work.
House valued: $100k
DP: $20k
Loan: $80k
Rehab: $20k
ARV: $160
Refi: $160k * 75% = $120k
Cash out: $120k - $80k = $40k for next deal
...