Account Closed
Calculating cost of financing
Hi everyone, My question today is about mortgages. What formula would you need to calculate the yearly cost of financing for a flip? Would you just multiply the amount financed by the interest rate? Please help me, t...
Dave Halevi
Cash on Cash, loan explanation
Hey all.I'm taking an online course on Udemy, and we've arrived to the attached spreadsheet.I can't understand how did he get to the loan payment amount, and the leveraged net cash flow.Could you please help me out an...
Dan Wynn
Perks of Investing in real estate property
I think Real Estate Investment is the safest option. We are all trying to secure our future and looking for the best opportunities possible to multiply our savings and wealth. There are various investment options like...
Matthew Cervoni
Standard Mileage Rate Increase!
To all those who put a lot of miles on their vehicle for their real estate business, The IRS has increased the optional standard mileage rates to 62.5 cents per mile for the rest of 2022 (starting 7/1). The rates from...
Edmund Post
Personal Residence to Rental to Personal
I have an odd situation. I have found a home I love and want to purchase. The issue is I will be moving in about 2 years for a 3-year assignment. After the assignment, I would love to be in the house. Calculations sho...
Ali Syed
How to estimate property taxes in Greenville County in SC?
How do i estimate what my property taxes will be for my rental property? I currently live in this house, but I'm not sure what my property taxes would be after I put up my house for rent.Thanks.
Edita D.
Standard meal allowance deduction.
Hey guys!
For meal expenses while traveling overnight for a rental activity, one can use either an actual expense method for meals or standard meal allowance (utulizing per diem rates. See here http://www.irs.gov/pub/...
Ryan M.
Income Requirements
I've read in the forums that most require income of 3x rent. My questions are:
Does the 3x assume the utilities are included or not? In my case the renters of my SFH are responsible to pay all utilities dir...
Nadia Daggett
Corporate Rental Flipping
I've been engaged in corporate rental flips for some time. I recently acquiring a property for $145,000. It was rented as a short-term rental (STR) with a 3/1 generating $3,800/month and a 1/1 ADU suite at $1,200/mont...
Eric Sipe
Math/Formula Help for Property Analysis
Hello all,I am hoping someone will be able to help me. I am about to begin analyzing properties and want to make sure I have the correct formulas for each important item. I would appreciate it if anyone can tell me if...