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Results (10,000+)
Anthony Klemm early stage strategy comparisons
10 February 2025 | 16 replies
Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.
Kana Watanabe Los Angeles ADU Experience
14 January 2025 | 11 replies
Hi @Brian WongI can provide some ADU contractor recommendations in Los Angeles if you want to DM me. 
Kyle Kline Short Note Investing
28 January 2025 | 7 replies
My recommendation is to save money through your W2 until you not only have enough for a down payment but a reserve for repairs as well.
Lee Ouellette Villa Villa Coola
9 January 2025 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Daniel M. Mid-term rental research- What should I look for?
9 January 2025 | 6 replies
Are there any resources that you'd recommend?
Daniel Borgenicht Investing in a condo as a long term rental
13 January 2025 | 3 replies
I'd recommend looking for a house versus a condo.
Cathy Svercl Rent credits for cleaning & painting by future Tenant
15 January 2025 | 8 replies
I wouldn't recommend it for a number of reasons. 
Abigail Lincoln First Home Investment
12 January 2025 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Henry Clark Self Storage- Just Built, To Sell or Not
16 January 2025 | 6 replies
Recommend multiple payments.
Jeremy H Barton First time Multi-Unit owner-advice and recommendation
23 December 2024 | 3 replies
I'll take any and all advice any of you have, but the two things I'm looking for specifically are: what sites, services, and/or software you use and recommend for sceening and managing tenants?