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Results (10,000+)
Mary Jay Cash flow is a myth? Property does not cash flow till its paid off?
19 February 2025 | 88 replies
I go double in ice & water, run all valleys with I&W, check my attic ventilation and add to assure correct airflow and most often shift to ridge vent. 
John Friendas Curbside Auction House Not Like Listing
6 January 2025 | 7 replies
@John FriendasCan you check the county assessor? 
Eddie Lozada Turnkey properties in these states!
8 January 2025 | 11 replies
@Eddie Lozada check out Rent to Retirement.
Amanda Bradley 1 yr lease ending 2/2/2025
7 January 2025 | 5 replies
Check it out but I believe the current required notice of non renewal for a lease 1yr or linger is 60 days.
Ivan Castanon I need to change strategies. What should I do?
3 February 2025 | 47 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.
Leon George New to BP Community
24 January 2025 | 13 replies
Check local Facebook groups and connect with local investors who use PM.3.
Bob Asad Can You Resell a Seller Financed Land or Property?
8 January 2025 | 8 replies
Answer sure.. have to check if there is a due on sale clause or if you have a PG to the orignal seller.. that mortgage stays in your name unless there is a formal assumption  Maybe the example is more challenging for a house as the property.Ex. with vacant land - seller finances to me $20k with 5% down and $1k/moCan I after 1-2 months, then resell the land to a cash buyer for $25k, pay off the original $20k and pocket the $5k?
Raul Velazquez REI in Vancouver, BC
17 January 2025 | 9 replies
At least that way you can still drive to the properties if you need to check in on something in person. 
Alex R. Southern Impression Homes
14 January 2025 | 27 replies
No one checks the maintenance crew to see if the did a good job (as far as I can tell, their in house folks miss stuff). 
Gary Campanaro Housekeepers want 50% without Cleaning
9 January 2025 | 17 replies
Guest checks in and says Nat it’s dirty in my room.