Probably a simple answer here. I'm learning the four square method and am unsure of how to factor my living in one unit into my calculations. Do I calculate rental income as if the property is fully rented to tenants?...
I have a small 5 unit mixed use property in SW Michigan and am trying to determine whether I should implement a rubs system or install sub meters. Is there a rule of thumb on which to use? I got the sense that submete...
Hello! I am a finance student at the University of Alabama in Huntsville actively looking for a summer internship in real estate development. I plan on being a real estate developer and know that while a finance degr...
How do I calculate my purchasing power for an owner occupied multifamily unit using an FHA loan? Is 75% of rental income subtracted from the PITI payment, or is it added onto my monthly income?
I would like to ask a beginner question: how is the appraisal value arrived for a small residential or mixed use multifamily property?
The particular property is 8 units with two store fronts. I would like to know wh...
Hello everyone! I have a property under contract that is ready for move in and its been a lil rough to find a buyer, im wondering if anyone has a suggestion for alternative ways to find investors who buy "turn key", o...
Here's how you can calculate the specifics of a hard money loan... A simplified/general calculation can be done by following the steps outlined below. Step 1: Calculate your total loan amount by taking the ARV (averag...
Hey everyone!I have a simple question. How do I find out my freedom number? AKA to find out how many properties do I need to achieve financial freedom according to my standards? Like what is the formula to figure this...
Using the information given on sites like zillow, trulia, etc. How do you quickly analyze the quality of a deal? Often the monthly income isn't given. Do you guys ask for more information on every property that intere...
Hello, Just met a hard money lender and his terms are 1.67% per month and 4 points. To find out the annual percent I multiply the 1.67 x 12, correct? So if I'm right, that would be 20%??!! Yikes. Thanks, Silvia