26 November 2011 | 50 replies
You dont see them because most investors like to use their own figures for them so we leave that up for them to assume into their calculations.
18 November 2011 | 10 replies
Two of the biggest complaints I see in the forums is real estate agents not returning calls to investors and people not knowing how to calculate accurate wholesale and flip numbers.
20 November 2011 | 12 replies
Brian it just depends on the tenants.I do small increases but not too large.If the tenant has lived their awhile I have to weigh going up 20 bucks a month for 240 extra a year versus them moving,losing a months worth of rent (840) and then putting about 1,000 or more in new carpet paint and repairs.So at 240 extra a year it would take me about 9 years to recoup that money on the unit.It also depends on if you plan holding it that long or not.In my area tenants are barely getting by and lay-offs are happening every month to some.I think right now at least for my area isn't the time to push rent increases strong.I know what you are saying about landlords not increasing the rent for years and years.Some just want full and not deal with the headache anymore.They would rather have full and paying than charge higher rates and have more turnover and struggling from the tenants and more accounting to keep up with at multiple payments per month to pay the total rent.I believe as long as you are close to market rent but under by just a little you are not losing that much.It also depends on how cheap you bought the property.Some buy really cheap and cash flow like a monster because they purchased so low even though below market rents.
22 November 2011 | 14 replies
For that reason I will charge extra rent each month to cover these costs and I will pay them directly myself.
19 November 2011 | 5 replies
It takes less than 5 minutes extra.
22 November 2011 | 7 replies
With the NOI that I've calculated, and a hypothetical benchmark Cap Rate, This asking price would be outrageous based on the Cap Rate model.
30 January 2012 | 39 replies
Rehab about $20K (plus an extra $130 for the speeding ticket I got driving to the house the first time) with an ARV of about $140K.2.
22 November 2011 | 3 replies
Here are my options:1)Renovate it with the rest of the house and leave it as a second apartment.2)Add a doorway to the main house, remove the kitchen, and remove the extra power meter.
8 December 2011 | 2 replies
Because I recently bought my first multifamily about a year ago, my debt-to-income ratio is still high to obtain a another mortgage loan, the equity in the property is not there yet, and I still don't have two years worth of rental income to use towards extra income.
14 December 2011 | 40 replies
Break your sets down to price per square foot.Websites such as Zillow and Realtytrac are Automated Value Models (AVM) which means they collect this data and calculated it without any human adjustments.