Jim Mcmillen
Monthly salary requirements
What is the general rule on the minimum salary someone should make in order to qualify for a rental? For instance my sfh rent would be $800 per month. Thank you.
Bob Stevens
80 unit commercial building, sell or keep
I just went to contract last week on an 80 unit (each unit has 3 -5 offices, used to be all doctors/dentist offices) in Euclid OH, rehab budget of 1 mill, should be a bit less. Net income about 450k on 750kish gross. ...
Evan Cruz
Valuing a Multifamily Property
What is the most effective way to analyze a multifamily property and what needs to be accounted for when valuing a multifamily property? Does the intrinsic value need to be the after repair value as suggested by ...
Julio Gonzalez
What is the Difference Between Tax Deductions and Tax Credits?
Real estate is an investment vehicle that comes with a lot of tax benefits which is why it is so attractive to investors. However, understanding the tax benefits and really grasping the difference between tax deductio...
Bernie Huckestein
Income for renter(s)
Looking to fill my first rental property and looking to confirm the minimum income.I have read in the BP book that we should look for a minimum gross income of 3x the rent. My question is if I have two people (not ma...
Justin Tahilramani
Possible Short Term Rental Calculator?
The BP calculators are a pretty powerful tool for investors. That being said, has Account Closed - is this already in the works?I would love to hear from other BP members on this idea.- Justin
Desiree Suchodolski
Advice - Fix and Flip or Fix and STR
My husband and I have decided to do a live-in flip with our primary residence that we bought in 2018. We are going to take out a HELOC to do repairs, and after it is fixed up, we expect to be able to sell it for $400...
Kamlesh G.
Newb: ROI vs CAP Rate
Whats the difference between ROI and CAP Rate.
I know that cap rate doesnt take into account the financing.
So how does the ROI account for financing.
The Property Analysis Tool gave me a 108% ROR aka ROI for a proper...
Michael Duventre
Help on front door and back door analysis
hello everyone!!! I'm a college student trying to understand the front door and back door approach theory and how to calculate them. I am a baby in this. If you can help me please explain things to me as simply as you...
Reece Register
Another Successful Deal
Purchased for $950,000, Annual Scheduled Gross Income 136,800, 10% Vacancy Year 1 and 5% Year 2 And Beyond, Putting in 35k Rehab For Laundry And Older Flat Roof, No Flood Zone, 15%+ COC on a 75% LTV... Done. Anyone el...