Corporate Cowgirl_New to Investing-3 Questions_Please Help (Storage and Residential)

[Samantha Kallsen]

I am in a place where I am ready to begin but I am struggling with these 3 things.

1. When using Bigger Pockets "find deals" and figuring out cash flow, the analysis shows taxes in two places.  What is the difference and why is it calculated (deducted) twice?

2. I have found a storage unit facility for $215,00 in TX that I would like to purchase but I'm struggling to find a lender that will loan that amount.  Any suggestions?

3. When calculating the NOI on a property, how do you know calculate it without knowing that the current owner is paying for their loan if any. Couldn't the NOI change drastically depending on what the owner's loan is?

[Denise Supplee]

Hi @Samantha Kallsen nice to meet you here on BP! On BiggerPockets, one tax entry is property taxes (part of operating expenses) and the other is income taxes, which affect your personal return - not the property's NOI. For the $215K storage unit, small commercial loans can be tough to find, so try local banks, credit unions, or SBA lenders. Seller financing could also be an option. When calculating NOI, you don't include the owner's loan payments - NOI is based only on income and operating expenses so you can evaluate the property itself, not the owner's financing. Hope that helps!