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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.
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6 January 2025 | 7 replies
@John FriendasCan you check the county assessor?
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8 January 2025 | 11 replies
@Eddie Lozada check out Rent to Retirement.
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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.
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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.
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24 January 2025 | 13 replies
Check local Facebook groups and connect with local investors who use PM.3.
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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?
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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.
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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).
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9 January 2025 | 17 replies
Guest checks in and says Nat it’s dirty in my room.