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.

Be sure to factor in management complexity, market research, and your risk tolerance as you evaluate options.Without a W-2, HELOC approval can be tricky, but some lenders will work with retired individuals, mainly if you can document stable income (rental income, retirement funds, etc.).

(the amount of learning/education I complete in the next few months may influence the price and market location as I research potential deals and cash flow opportunities)E.

You should research it and establish your own opinions but as a new investor it's a lot of work.

I look forward to hearing from the nominee on his plans to help spur more economic progress in more under-served areas like the ones that I live in, work in, and invest in and hope he will help extend and expand the Opportunity Zone Tax Credits. https://www.jtcgroup.com/insights/opportunity-zones-have-done-what-they-were-created-to-do-will-that-be-enough/https://eig.org/opportunity-zones-research-brief/

My time here in DC will be likely be less than 2 years so my plan is to do as much research and reading as possible.

The successful brokers in this space often have analysists who are researching the market for listings, prospective clients etc.

They researched the title and identified issues.

Hi Cathy,I came across this thread while researching for a friend who’s diving into BRRRRing in San Diego.

Research sold properties to see if the #s would make sense given your projected down payment amount.