Survey I guess. When you calculate your cap rate (NOI - net operating income / Purchase Price) do you include your closing costs and initial repairs in your calculation or do you just go with the actual purchase pric...
Hello all, I'm curious as to how decision makings are handled in a equal partnership? One example would be if a water line rupture & a contractor gives two quotes; one quote to repair ($225), one quote to replace ...
Hey, I have an agent helping me acquire a 38 space RV park with a 3/2/2 home in East Texas and I am doing so pre eval before walking the property. Asking $659,000, cap 13.5%. Private financing available: 50% down, 8.5...
I been seeing a lot of articles/YT Vids with different ways they calculate their net operating income and capitalization rate. I will give a screenshot with numbers below and see how your conclusion varies.
Two ques...
My partner and I have been discussing how to separate out capital expenditures, repair and maintenance, vacancy, etc. for each rental within our bank. We now have a number of rental properties and are now trying to fi...
Hello,
These are made up figures. I just want to see if I am calculating this correctly. Any advice/opinions are welcome.
Thank you.
Bought for 280,000
20% down payment = $56,000 ( $280,000 x 20% = $56,000 )
lo...
Here's a question that likely only the people that keep their own books or the accountant minded will appreciate. Do you lump together your repairs and maintenance costs on your income statement or do you keep them s...
Hello,
I will be closing on a duplex purchase next month. Everything looks good so far. I am making a list of things to do after closing.
There are 2 washers and 1 dryer that will come with the purchase. I wanted ...
For those that have 2 or more rentals- do you put all security deposits in 1 account "together" and then 1 account for all depositing monthly rent payments in another or do you set up multiple accounts for each rental...
Found an 8 unit apartment. They're asking $515,909. Cap Rate is10.93. Total monthly Income is: $6,380 & $$76,560/yearThis is my analysis:I used conservative numbers such as 30% financing and estimated 55 expenses....