I've used a variety of deal analysis calculators and many of them include CapEx estimates/reserves in the 'Expenses' category, like this:Income - Expenses (including CapEx estimates) = NOIBut shouldn't CapEx estimates...
Terms in CRE lending that everyone should know...Adjustable Rate Mortgage: Mortgage where the interest rate adjusts periodically up or down through a set index. Also called a floating rate mortgage.Adjusted Gross Inco...
Anyone have experience using their Self Directed IRA for a real
estate purchase?
I have some $ just transferred to a SD-IRA. I am looking to use the funds for a purchase. What vehicle would you sugge...
Hey all,I'm finally at the point where I'm going to file for my LLC. There will be four members (all close family) involved. I'm in Illinois and the cost to fill out the paperwork myself is $500. My CPA will do it for...
1 tenant out of a group of 3 refused to pay her last portion of the last month's rent. I tried explaining to her why this wasn't acceptable and she still refused. Her roomates weren't willing to cover her portion o...
Hi Everyone,I have a potential tenant who wants to rent one of my units for over asking, but he wants to list it on Airbnb. He was up front with me when he came to look at the apartment -- completely honest, fully tra...
Hello all,I've been flirting with the idea of a lease option as it would be a good way to earn some upfront cash via the deposit and make a small profit on my home. I was under the impression that a fixed price for t...
So, I purchased my first "flip" in June for $62k, did 33k in renovations, and now renovations are done. My broker thinks comps would come in around 145-160k. I recently decided to rent it instead of selling it, as ren...
Hi all! Newbie here. I just purchased my first rental property and am in the process of looking for a good PMC to manage it. I spoke to 3 PM companies, 2 of them being RE brokers and property managers. This is my firs...