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All Forum Posts by: Sara Taslitt

Sara Taslitt has started 20 posts and replied 38 times.

Hello-

I am in the process of searching for my first rental property. 

In the meantime I would appreciate any book recommendations about land-lording

I know I will gain most of my knowledge through experience, but I enjoy reading so any recommendations are welcome.

Thanks

Post: Setting Criteria for Rental Property

Sara TaslittPosted
  • Chicopee, MA
  • Posts 38
  • Votes 7

How do you tag someone? I am clearly having trouble!!

Post: Setting Criteria for Rental Property

Sara TaslittPosted
  • Chicopee, MA
  • Posts 38
  • Votes 7
Originally posted by @Costin I.:

Thanks for the information. How do you find the school ratings?

Post: Setting Criteria for Rental Property

Sara TaslittPosted
  • Chicopee, MA
  • Posts 38
  • Votes 7

@costinI

Thanks for the information. How do you find the school ratings?

Post: Using the Rental Property Calculator

Sara TaslittPosted
  • Chicopee, MA
  • Posts 38
  • Votes 7

Thanks, Susan! I am going to use your tips now, I appreciate it. 

Post: Rental Property Calculator

Sara TaslittPosted
  • Chicopee, MA
  • Posts 38
  • Votes 7

Hello- I am new to the real estate game and I have been practicing with analyzing deals using the rental property calculator here on Bigger Pockets. I watched a video which helped explain some of the numbers, but I still do not feel confident in what I am doing yet. I have the following questions, any help is appreciated:

1. How can I estimate the monthly insurance? What is it based on?

2. What is the best website to use to find the vacancy rate in the city?

3. How can I estimate the closing costs?

4. How can I estimate the initial repair costs?

5. How can I estimate or know the PMI?

6. How do you estimate the percentage to put for the monthly repairs?

7. I read that 8% for CAPEX is good, any thoughts?

8. How do I estimate the future assumptions? 

Post: Using the Rental Property Calculator

Sara TaslittPosted
  • Chicopee, MA
  • Posts 38
  • Votes 7

Hello- I am new to the real estate game and I have been practicing with analyzing deals using the rental property calculator here on Bigger Pockets. I watched a video which helped explain some of the numbers, but I still do not feel confident in what I am doing yet. I have the following questions, any help is appreciated:

1. How can I estimate the monthly insurance? What is it based on?

2. What is the best website to use to find the vacancy rate in the city?

3. How can I estimate the closing costs?

4. How can I estimate the initial repair costs?

5. How can I estimate or know the PMI?

6. How do you estimate the percentage to put for the monthly repairs?

7. I read that 8% for CAPEX is good, any thoughts?

8. How do I estimate the future assumptions? 

Post: Using the Rental Property Calculator

Sara TaslittPosted
  • Chicopee, MA
  • Posts 38
  • Votes 7

Hello- I am new to the real estate game and I have been practicing with analyzing deals using the rental property calculator here on Bigger Pockets. I watched a video which helped explain some of the numbers, but I still do not feel confident in what I am doing yet. I have the following questions, any help is appreciated:

1. How can I estimate the monthly insurance? What is it based on?

2. What is the best website to use to find the vacancy rate in the city?

3. How can I estimate the closing costs?

4. How can I estimate the initial repair costs?

5. How can I estimate or know the PMI?

6. How do you estimate the percentage to put for the monthly repairs?

7. I read that 8% for CAPEX is good, any thoughts?

8. How do I estimate the future assumptions? 

Anyone here investing in Holyoke? 

Hello-

I am going to a course tomorrow on the laws that pertain to being a landlord in my state of Massachusetts. Are there any key points I should be listening out for tomorrow and/or specific questions I should ask pertaining to the topic?

I have heard that the laws in Massachusetts really favor the tenant, so for that reason I am hoping to get a better understanding of the laws by going to this course.

Thanks in advance,

Sara