Think Realty
The process of tapping into a property’s equity during the refinancing process. Cash-out refinancing involves refinancing a loan for more than the amount originally owed so that their loan is larger than it was before the refinance. The difference goes to the borrower in cash. Also referred to as a ...
When a lender opts to pay a delinquent borrower a sum of money to help them relocate and, in return, the borrower vacates the property and signs over all interest in it to the lender ...
The annual return an investor makes on a purchase of real estate in relation to the down payment (cash) only ...
A property that is generating regular income at time of purchase ...
Use this calculator to quickly compare and screen multiple rental properties in a given market. The math: (Property Fair Market Value / Annual Gross Rental Income) = GROSS RENT MULTIPLIER Calculating the Gross Rent Multiplier (GRM) is a quick way to compare multiple rental properties' return by evaluating the number ...
Also known as holding costs. These are the costs associated with owning a piece of real estate during a rehab. These costs may include monthly mortgage payments, insurance, utilities, and security ...
A tax levied on the profit from the sale of a property or investments. These taxes may be nearly 30 percent or more of the total profits on the investment ...
Capitalization (cap) rate is the rate of return on a real estate investment based on the income the investor expects the property to generate. Cap rate estimates potential return. Calculate your cap rate with our REI-optimized Think Realty calculator! ...
When a bank accelerates all payments on a loan to make the entire balance immediately due. Usually banks include the right to do this in their loan agreements ...
Debt Service Coverage Ratio (DSCR)
Use this calculator to evaluate the viability of an rental property from a financing perspective. The math: (Net Operating Income / Debt Service) = DSCR Debt Service Coverage Ratio (DSCR) calculations are commonly used by lenders to determine your ability to make loan payments based on the performance of the ...
Use this calculator to check the cash yield on an investment property, commonly after its first year in your portfolio. The math: (Annual Pre-Tax Cash Flow / Total Cash Invested)*100 = CASH-ON-CASH RETURN Cash-On-Cash Return calculations measure your return on the actual cash invested over one year. This calculator is ...
Use this calculator to measure your current return on a single rental property or compare multiple holdings. The math: (Net Operating Income / Property Total Value)*100 = CAP RATE Cap Rate does not include debt servicing costs. It can be calculated using different definitions of Expenses (cost) and net operating ...
Use this fillable PDF to inspect units throughout your tenant's occupancy. This fillable PDF template includes: Checkboxes for "OK / Acceptable" status of over 100 different residence features and appliances, with comment fields Pages to drop any photos taken TIP: Most states require you to notify your tenants a set ...
Move-In / Move Out Inspection (PDF)
Use this fillable PDF to inspect the unit with your new tenant at their move-in and move out. This fillable PDF template includes: Checkboxes for "OK / Acceptable" status of over 100 different residence features and appliances, with comment fields Easy comparison between move in / move out inspection condition ...
Housing Provider Reference (PDF)
Use this fillable PDF to gather housing references from a prospective tenant's previous landlord(s). This fillable PDF template includes: Applicant's signature authorization to contact and collect information from previous housing providers Editable text to add your email and/or fax number to form. Fillable fields for previous housing providers to complete, ...
Use this fillable PDF to help screen prospective renters. This fillable PDF template includes: Fields for a prospective tenant to apply for occupancy. Fields include contact information, social security, previous housing provider information, income, emergency contacts, and additional occupants, Recommended for both application and lease TIP: Make this available for ...
Use this Excel spreadsheet to organize your budget over multiple real estate investment projects. This Excel spreadsheet template includes: Cells to input key property variables, including location, property type, number of units, status, price, and more. Ability to customize to your own profit margin tolerance TIP: Customize this spreadsheet to ...
Use this Excel spreadsheet to determine your maximum offer on a property This Excel spreadsheet template includes: Cells to input key cost variables, including property values, pricing, transaction and finance costs, holding costs, repairs, and more Ability to customize to your own profit margin tolerance Functions to automatically calculate totals ...
Use this letter to mail property owners about selling their unlisted, off-market property. This Word document template includes: Helper text to highlight where customization is needed Explanations for the methodology used so you can decide what will work for your goals. TIP: After customizing, to easily delete all helper text ...
The process of purchasing real estate as a long-term investment. Buy-and-hold investing may involve simply purchasing a property and paying the mortgage in order to cash in on equity at a later date, buying turnkey or actively managed rental properties, or buying land outright and simply holding it until a ...
n. A real estate broker has passed a state real estate broker license exam and can work as an independent real estate agent or have other agents working for them. v. Arranging the details of a deal ...
The practice of comparing one’s business processes and performance metrics to other companies in the same industry to establish industry standards and norms ...
Benchmark data is collected from industry sources to determine how businesses are performing. Typically, the most valuable data of this type comes from the highest-performing businesses ...
Residential suburb inhabited mostly by people who commute to a nearby city to work. In California, bedroom communities may be located an hour or more away from the commuter destination ...
A piece of real estate owned by a bank or other lender that has foreclosed on the property. Bank-owned properties may also be referred to as REOs (real estate owned) ...
