Elliott McLeod
Rental Property Expense Formula's?
Hello all,lets talk about rental expense's.. I currently don't have much of a history of managing rentals so I want to get a good idea before jumping into one.Gross rents (assuming renter pays WSG & Utilities)- Pr...
Michael DuVentre
I'm a I'm a newbie! I want to wholesale this property I found! It's vacant and it's an eye sore! The area is ok (below middle class but not exactly the slums either) . Anyway there are county and city taxes owed on the property ($7k) How do I need to go
I'm a newbie! I want to wholesale this property I found! It's vacant and it's an eye sore! The area is ok (below middle class but not exactly the slums either) . Anyway there are county and city taxes owed on the p...
Heather Pelletier
Help please...
Please tell me if I'm forgetting something. Do I need to subtract closing costs from my max offer?
FMR (fair market rent) $1000-$1200 (I will use 1k)
50% rent- $500
Subtract 100$ for monthly cash flow = $400 max ...
Tim Kelly
Analyzing my first deal!
Hey BP! Just walked through my very first property as s potential first deal! It is however, a bit different. I do like it because it was a single family home but it is laid out as a perfect multi-family. A kitchen, ...
Michael Quarles
Minimum wholesale profit
what is the average gross profit per deal and what should be the minimum.
LaToya McClain
Rental Property calculator- Total profit if sold?
In an effort to get accustomed to the rental property calculator tool, I ran the analysis for 2 different properties. The math makes sense for all of the calculations but the total profit if sold. Since I couldn't g...
Damien Hall
How to value a property with no financial stmts
Is there a way I can value an apartment building that doesn't have any financial stmts? A building in my area is on the market but it has been vacant about 8 years so there are no financial stmts to view. I think th...
Andre Chouinard
Owner occupied duplex DTI calculation for HELOC
Hi everyone,I have been owner occupying a duplex (renting out one full unit plus spare bedrooms) in Dover, NH since 2016, get rents totally $3440 monthly, seen great appreciation on the property value, and want to ope...
Christopher Mooney
Real Estate By The Numbers - NOI calculation
Hi all,I've been reading through Real Estate By The Numbers by J Scott and Dave Meyers. It's really thorough and a great read so far!I'm caught up on their breakdown of NOI. They say Net Income = Operating Income - Ta...
Carlton Wood
$25,000 Offset Question???
What’s up BP!!! Have a question about the $25,000 offset I’m hoping someone could answer for me. To be clear I’m referring to the up to $25,000 in passive losses that the IRS allows you to offset your earned income by...