Why Choose Parasec- Efficient and Accurate Work- Online Access to Entity Information- Comprehensive Nationwide Solutions- Experts Ready to Support Your Needs- Cost-Effective Services https://matsorensen.com/bois-halted-again-5th-circuit-revers...Customer Testimonial"Your group has always been able to explain confusing government stuff and is very helpful.

I’ll check out your video.

Check to see how many contacts a listing has received in X amount of days to see if it is competitively priced.

In addition to checking Airbnb monthly rates, I checked the MLS to see what monthly rents were.

Wanted to revive this post and check to see if anyone else has additional information or input on rental in Cahokia, IL / Cahokia Heights, IL . . .

Make sure to check in with some lenders because they can find you grants to help with closing cost. 

I check the SEC, FINRA, ratings websites for inside information on the principals in the company.

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.

That said, check CHA’s payment standards for your unit size and area to see how they align with your target rent.

All the numbers checked out and I went through with the purchase.