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21 December 2024 | 10 replies
Typically, we see it take several days except in PA because of the promothonotery or whatever its called for taxes in PA.
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14 December 2024 | 11 replies
I buy Levolor brand blinds from Lowes, which cuts them to order while you wait. https://www.lowes.com/pd/LEVOLOR-Trim-Go-1-in-Cordless-White...
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18 December 2024 | 4 replies
But properties typically end up in the repository list for a reason.
20 December 2024 | 2 replies
Is it a typical inn/bed and breakfast setup with all the rooms inside of a main house?
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18 December 2024 | 9 replies
One of the best times to implement value add is when there is turnover so that is typically when the owners hear from us.
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31 December 2024 | 20 replies
Thank you for the feedback—it’s clear this discussion has helped me better articulate my goals and address the disconnect between my vision and the typical investor mindset.
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23 December 2024 | 14 replies
Multifamily properties do require more management overall and typically appeal to a smaller, investor-focused buyer pool.At the end of the day, you can be successful in both asset classes and they go hand-in-hand.
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22 December 2024 | 8 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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20 December 2024 | 5 replies
Renting out the property for less than 180 days in the first year is typically one of those conditions, as you've mentioned.
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23 December 2024 | 15 replies
Just ensure the new property aligns with your financial goals and cash flow expectations.After completing a 1031 exchange, you typically don’t have to wait long to do a cash-out refinance.