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12 February 2025 | 7 replies
Quote from @Leonard La Rocca III: So is it common to find a conventional loan without meeting the lender in-person?
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29 January 2025 | 4 replies
The easiest way to find and connect with wholesalers is either bigger pockets or by googling "sell my house fast in (town name)" although that may cost them a click for google ads.
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15 February 2025 | 7 replies
To answer your question directly: a person should apply (whatever that means in your process) before being asked to screen.
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23 February 2025 | 2 replies
Personal Touch and Community ConnectionInvesting in smaller markets often allows for a closer connection to the community.
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13 February 2025 | 1 reply
Any person ever worked with Paul Argueta (Dispodragons) or Alex Martinez (Real Estate Skills) as a mentor/coach, what has your experience been like?
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4 February 2025 | 3 replies
Just brief research is showing about $300-350/sq ft for basic build.
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3 February 2025 | 2 replies
We've done demos with all of the big name PMS options and are finding big gaps with all of them, mostly when it comes to payment processing.
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27 February 2025 | 44 replies
@Rachel Weiss when a person goes to a surgeon, what are we paying for?
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8 February 2025 | 1 reply
Just my personal experience.
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8 February 2025 | 13 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.