Conrad Gilman
Buying Home From Family
I am buying home from wife's grandmother in Maine. It apraised for $411,000 she is asking $375,000. She wants to seller finance us but the IRS still makes her charge 2% for a 20yr loan. Are there any workarounds? Coul...
Grace Wang
Is this a deal?
4-plex in tacomaasking price 280000rent: ~3000/month (750 each unit)utility (water/garage/sewage): $350, tenant pays for electricity/gasIns: ~100/monthBudgeting 5% vacancy (since per owner, no turn over last three ye...
Sam Wydner
Insight on my first deal
Hello all,Hope everyone is having a great new year!Ive closed on my first deal and would love to get some feedback or even constructive criticism on my own analysis.Thanks in advance! Gross Monthly Operating Incom...
Kyle Curtin
Quick Tip For Increasing Rents For Your Buy and Holds!
Hi everyone!, I just wanted to make a quick post to help out investors when it comes to raising rents in your buy and hold properties!Something to keep in mind when leases/TAW agreements are soon to end an...
Lorin Hinton
Please help analyze first deal
Hi everybody, I am not sure if I am getting cold feet or jumping the gun for my first deal. But I have a deal that I am working on as my first rental property. Here is a little bit about the property itself. First ...
Lexi Teifke
Real Estate Statement that I love. Simple but wise.
If the property can generate adequate net operating income to support sufficient debt to finance the property and provide a satisfactory cash return to the developer-investor, the project is financially feasible.Good ...
Kasper Rune Søgaard
How to calculate depreciation and tax burden
I am having some issues figuring out to calculate how depreciation affects my tax for a rental property. I have an example below. Is it correctly calculated correctly?
Example:
Purchase price: $1,500,000Rehab: $100,...
Vlad Vdov
**Minimum Down** Deal Analysis
Here is the Deal!Owner going into foreclosure pay off amount is $43,146.75 on the property (including escrow taxes, back payments, insurance, fees, etc.). This is the pay off amount according to the lender. Her goal i...
Ramek Llah
Month To Month Or Lease Agreements?
Which legal binding contract do you feel more comfortable with? My advisor recommends month to month for the simple fact, the process of eviction is quicker. But, I personally would rather a year lease due to stabilit...
Anna Starling
Is this a good property investment?
Hello everyone
I have found my first investment property that I am considering. It is in a good neighborhood with good schools. This is the initial info I have.
3 suiter-total rents 2500 a month, total ...