Luke Grogan
Help with structuring & understanding the loan terms
15 August 2016 | 2 replies
.- Borrower pays all closing costs, usually subtracted from loan proceeds upfront.- Make sure the interest plus points doesn't exceed usury in your state, I don't know what it is in Florida.
Richard Chan
What do you wish people had told you when you started?
27 August 2016 | 27 replies
subtract Capitol gains tax and allow for depreciation reclaim (about $3500 a year) times 8 years or $2975 dollars and I'm down to negative dollars profit before Capitol gains tax.
Tina D.
Should I even bother with this
22 August 2016 | 5 replies
Subtract all the costs, and you have your offer number...and here's the trick...DON'T GO ANY HIGHER.
Michael Clevenger
Appraisal fell short
9 September 2016 | 55 replies
The appraisal took this into account subtracting 15K per sale for an average Adjusted Sale Price of:=$320,347Even though my property was listed as Superior Upgrades along with 3 of the comps.
Joe Garbarczyk
Need advice on lease option deal
12 September 2016 | 5 replies
Or use the Realtor, and subtract off the listing fee?
Scott Taylor
20% or 25% down on (2-4 unit) small multi-families
26 August 2016 | 11 replies
One analyzer adds the CC to the total purchase price of the building, then subtracts the down payment (25%) from that amount and then calculates the monthly payment.
Dave Grimson
Property analysis - too good to be true?
27 August 2016 | 17 replies
Then you have to subtract the annual mortgage to get a real return.
Brendan M.
Potential Properties - Advice
28 August 2016 | 12 replies
My friend would pay market rent so I should subtract about $700 or so from my numbers to get a more accurate idea of the cash flow.
Nicholas Armstrong
8 Unit apartment complex - What I need to know going in.
27 August 2016 | 6 replies
He'll have depreciated that for 10 years so subtract about a third and that is his basis.
Glenn Tracy
Looking for a back-up option
27 August 2016 | 2 replies
You are approximately $200k into this and can sell for $250k you would need to subtract the closing costs of about 10% (25k) and the HM costs of (estimated) $15k.