instead of playing around with loan balances to back yourself into the maximum DS requirement, you can use the PV function in excel to calculate the loan balance since we know the other 3 inputs (rate, # pmts, pmt amount)
Check out this video next on how to earn an infinite return with the BRRRR strategy: How to Earn an Infinite ♾ Return With the BRRRR Strategy 🏠 th-cam.com/video/zi1rrfbHOOU/w-d-xo.html
This is a nice video, but your calculations for a 4 unit rental are not accurate. Taxes and insurance should not run half of your rent money/operating expense. That's insane amount of money. Maybe you should use a 3 bedroom house as an example next time. Make it more believable.
Taxes and insurance are just two,relatively small portions, of operating expenses. Other expenses are repairs, maintenance, capital expenditures, and vacancy. And all of them combined are easily half of the gross rent in most typical rental scenarios.
instead of playing around with loan balances to back yourself into the maximum DS requirement, you can use the PV function in excel to calculate the loan balance since we know the other 3 inputs (rate, # pmts, pmt amount)
Check out this video next on how to earn an infinite return with the BRRRR strategy: How to Earn an Infinite ♾ Return With the BRRRR Strategy 🏠
th-cam.com/video/zi1rrfbHOOU/w-d-xo.html
Tm2l"❤
This is a nice video, but your calculations for a 4 unit rental are not accurate. Taxes and insurance should not run half of your rent money/operating expense. That's insane amount of money. Maybe you should use a 3 bedroom house as an example next time. Make it more believable.
Taxes and insurance are just two,relatively small portions, of operating expenses. Other expenses are repairs, maintenance, capital expenditures, and vacancy. And all of them combined are easily half of the gross rent in most typical rental scenarios.