We found a listing of a house for sale for $26,000 that is in foreclosure (3/2 with detached shop, built in 1975). My question is how do you calculate rehab costs when the property is being sold sight unseen? The l...
How accurate is the Zillow Mortgage payment calculator?
How do you calculate cost basis when the property is a condo? From what I've been reading about depreciation, cost basis does not include the land. Is it just most of the time close to the purchase price? I paid $255,...
I am using the BRRR calculator on BP. I am getting a private money loan for the deposit on a property, and hard money for the balance and rehab. The interest rates are different. How can I incorporate both loans in...
Whats the best way to calculate approx. cost of insurance for larger multifamily property when running numbers on a deal?
I have a question regarding calculating a rental rate. I have found that general rule of thumb per SmartAssets.com is 0.8% to 1.1% of the just market value (JMV). The property JMV is $135,892. Making the rent range ...
I have a property under contract using a Fannie Mae Renovation Loan. When doing a soft assessment of the property I originally used 4% of the total cost of the property for closing costs. 2% of that being "transfer ta...
Hello. I'm reading two different methods of calculating max offer. Max offer = ARV X 70% - rehab costs. Also, Max Offer = ARV – Cost of Repairs – Buyer’s Profit – Wholesale Fee – Other CostsWhich is correct? why are ...
Should NOI subtract mortgage interest as an expense? The NOI formula that I am working off of is: NOI = Pre-tax annual rent income + other income - vacancy - operating expenses. Is mortgage interest included in NOI?...
I entered an example flip into my own calculator and into the bigger pockets to compare. Unfortunately, the bigger pockets calculator shows a number about $5,000 higher than my spreadsheet (25% higher), with the sam...