Corey M.
REI Nation - Closing costs related to ROI
For those who've invested with REI Nation/Memphis Invest, I'm wondering how you calculate closing costs into ROI. On their pro formas, they don't appear to take them into account. If they can be upwards of $6k, does...
Charles McCabe
Any thoughts on this deal in Norristown, PA?
https://www.biggerpockets.com/calculators/shared/458451/4b2298b5-8512-41b1-a3e1-cce65a7d76b4Multi-family rental (triplex) in Norristown, PA (Montgomery County).This is coming right off the MLS, no discounting done. A...
Yao Thompson
Ineligible Risk Rating from Insurance Companies
I am in the process of purchasing a rental property and my insurance broker came back and said that multiple insurance carriers denied the application because the property is classified as an "Ineligible Risk" we were...
Ken Rishel
Do State Regulations or Taxes Affect Where You Buy?
There are a number of states where I have zero interest in owning a land lease community either because of taxes or state regulations regarding the operation of a community. How about you? If it doesn't stop you does ...
Christian Barraza
Is this a good or bad deal?
155,000.00Closing costs 4,650.00Rehab costs 7,000.00 for roof kitchen and flooring 5% interest rateMonthly rental income 1,400.00Monthly taxes 420.004.4% Cash-on-cash ROI 8.6% total ROI 155.00 cash flow Good or bad de...
Ben Netter
Property Tax Reassessment SC Rentals
Hi All, I am in the process of purchasing rental property in Columbia SC as part of a 1031 exchange. I have been looking up the 2021 taxes to factor into my evaluation and even converting the 4% to 6% assessment rat...
Kevin S.
Which one appreciates more/faster? Duplex or SFR?
I realize there are lots of variables involved but can these two even be compared at any level or in any way? If they can be compared what factors do I take into consideration? What are the pros and cons? I read a ...
Matt Messer
Negative Cash Flow on MFH
I am looking at a fourplex, that is listed at 117,000, Just based on Realtor's numbers and condition I would be looking to get the property around 105,000. Realtor said it would gross $19,479 yearly. I requested Sc...
John W.
As interest rates rise, how does your business change?
This is assuming interest will continue to rise. For me, my long term goal is to own doubles in my A neighborhood, that currently are 150K +. And 5% + interest starts to really cut into the profits. I'm not real exci...
Justin Megna
Expenses or debt service? How do rental esimates work?
I understand that a typical rental analysis takes the monthly rental amount, sets aside 5% for vacancies, estimates 50% for expenses, and then makes sure the remaining 45% pays debt service and leaves a profit.But I'v...