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An 8 unit rental building for $255,000. Mortgage is $1600/month. Taking into consideration any repairs, maintenance, and unexpected vacancies, what would I need to be netting from rentals each month in order for the d...
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One of the things I keep hearing regarding commercial loans is that lenders typically want your (the borrower) to have a net worth that exceeds the amount of the loan. Is this something that investors are getting a pa...
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Ok, so, this may seem a little odd, but I was having a discussion with my mother about how you'd calculate your net worth with your real estate. Now, I understand that the basic formula for net worth is Net Worth = As...
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I was wondering how property managers take their cut, do they use the net income for the property, or they used the gross income.If A property makes $100,000 a year without deductions, do they take 10% of that, or do ...
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So,I know that Texas has no state income tax. Does this include net rent for rental homes under an LLC?For example, if I show a positive net cash flow of $1000 for a rental property, is the IRS going to collect any i...
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I've seen on most websites that wholesalers keep it simple when advertising to end buyers/investor. For example ARV 100,000SELLERS PRICE 20,000REHAB/RENO 1,000PROFIT 79,000but does the end buyer/investor want a comple...
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Thanks for taking a look...
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Hello BP Community! My name is Jason and I recently joined the club. A friend recommended me to join this site to learn all I ever wanted to learn about real estate. She wasn't joking. Just from reading some of ...
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We've listed one of our investment properties for sale and we're trying to look at our options for the subsequent purchase.
If we net what we hope to for the sale, we're looking at about $265k ballpark after all is s...
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I came across this table on the census web site. Table 721 from this census data has breakdowns of the median (and mean) net worth of Americans by age, race, and tenure. In almost every category, there is quite a wide...