Scott Fletcher
New Investor looking at Multifamily Units.
Is this a deal worth pursuing? I am not a Pro member so I'm stuck trying to run the numbers on paper. I need a second set of eyes to see if this look like a good deal or pass?
https://www.loopnet.com/listing/2508-e...
Account Closed
Question about 50% Rule
50% of goss rent goes to expenses right?What expenses are those?Does it include insurance or PMI?Or insurance and PMI is in my mortgage?50% gross rent for expensesAnd 50% for mortgageSo insurance and PMI is an expens...
David Wagner
Tax deductions for rental property
Hello,I am looking for sold information on tax deductions for a rental property I currently have (in my profile). This is my first year reporting rent so I don't want to miss any deductions. I was advised the followin...
Colleen Esposito
Insomniac challenge from a newbie
If mother luck shines about 2 months more, our goal of flipping until we can pay cash might come true. My question comes in after the purchase. I need deductions. Mortgage interest and taxes were some big ones. I have...
Geoffrey Murphy
Insurance/Tax Quote; Where to get this from
Hey Team,
I'm ironing out the logistics of a deal that i'm currently working on. Looks great, but want to re-run the numbers again to verify. I'll even post the deal!
Where do i get these quotes from? T...
Hasten Rudd
Deriving NOI from audited financial statements
Hello investors,Question for you all. I'm hoping someone could help me out with suggestions in calculating the NOI of a real estate asset (in particular, hotels and apartment complexes) from a set of audited financial...
Shree R.
Major Repairs
Hi - In case I need to put an offer on a home that needs fix up, can any one of you please guide me on what are the major ticket items that I should be looking for and the approx cost to fix it? For example; Roof ($10...
Vinson Lee
what's better to have assuming the same rate, a mortgage on primary residence or on rental
Just a random question that I am not sure about but was wondering. Assuming I had a rental property and a primary residence. Both have mortgages for the same amount and the same rate and same length remaining. Woul...
Ryan Mellon
First Offer!
When giving an offer to a homeowner to buy for cash. What have you found to be the best way. Give them an offer in writing, over the phone or in person ect...? Do you always give a lower offer in anticipation of so...
Account Closed
I want to make sure i have a deal.
I purchase a 3 bed 2 bath for 110k. ARV comps suggest 185k. With repairs I'm rounding up to 20k that already had a built in cushion from 17k. I feel confident that I can resell it in its condition beween 160-170k as ...