All Forum Posts by: Amnaya A.

@Basit Siddiqi

That makes sense indeed. Thanks for the advice.

Thanks all! 

Indeed the agent was trying to advocate properties with appreciation. That further stems from past examples the agent gave me from their experience with other buyers.

Really appreciate your advice and timely help.

My buyer's agent continually tells me that I should not worry about a positive cash flow to back-calculate an offer. Why? Because you don't want to show income (of cash flow) on your tax return, or else you'll be taxed on it. According to the agent, money on rentals is made in tax deductions, so the investor should focus on that and not worry about 'meager' cash flows.

I'm a newbie :-). Is this wisdom correct? This goes drastically against most of the 'How to evaluate and offer on rentals' webinars posted on BP.

Thanks in advance.

The area is moderate crime, doesn't have the best schools. However, there is ample greenery including tall trees and typical Florida vegetation. Property is listed at $105k and it seems to be move-in ready based on pictures. I researched the rental-landscape of the area and my quoted rent of $1100 seems reasonable. Rentometer indicates my rent to be 'below market average'.

Will appreciate comments/views/suggestions/warnings etc.

Thanks in advance.

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*This link comes directly from our calculators, based on information input by the member who posted.

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*This link comes directly from our calculators, based on information input by the member who posted.

MLS Description of the property doesn't include age of HVAC and roof. I feel that the seller may want to not disclose it publicly. The rental landscape of the area reflects homes with 1200 sqft area to rent for $1,250. The prices of houses in the area are anywhere between 74 K and 170 K. Another 3 bd 2 ba in the same area with 1200 sq ft is valued at 97 K (Zestimate).

As always, any input will be appreciated.

Thanks Shera, I agree with your comment. Thanks for pointing that out.

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*This link comes directly from our calculators, based on information input by the member who posted.

This is an old house, 3 bedrooms 1 bath, built in 1940. A bit small in size, has livable area only of 707 sq. ft. and it's close to college. Quite suited for college students. Will appreciate your comments.

Jermaine and Frank, thanks for the advice.

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*This link comes directly from our calculators, based on information input by the member who posted.

Newbie here, learning as much as possible through books, podcasts, webinars and BP tools, such as calculators. I have a question about 203K loans: Do I have to claim the target property as my primary residence, or could I spare a unit and make it my office (to make it work)? I'll appreciate your input.