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22 December 2024 | 7 replies
So its really all depends right.
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8 December 2024 | 4 replies
This translates to ownership or a fee, but most lenders want to see ownership.
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20 December 2024 | 9 replies
Hey @Matthew Ferguson ...That depends if you're thinking of going the LTR route in the city of St.
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19 December 2024 | 4 replies
Depends on who you are working with and how much time you put into it.
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6 December 2024 | 4 replies
Keep in mind that rates does not fully translate everything.
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19 December 2024 | 3 replies
Depends on the exact soil.
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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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23 December 2024 | 15 replies
The answer to your question depends on the opportunity you have with your property.
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20 December 2024 | 8 replies
Whether you consider that good or bad depends on whether you are a buyer or seller.
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23 December 2024 | 17 replies
To get a 3/2 with a pool in Naples you're looking at 550k+ in a decent area where a STR would thrive, in Cape Coral its closer to 400k+ depending where in the Cape the house is located.