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30 December 2024 | 13 replies
I think it's going to be location specific for sure; where I am very few people hang out in the house all day long as they are usually busy hitting the parks and attractions.
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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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30 December 2024 | 3 replies
Home warranties can sometimes cover rental properties, but it really depends on the specific terms of the warranty and the provider.
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15 January 2025 | 34 replies
Especially and more specifically those working in our financial arenas who are completely confused and oblivious to this type of transaction, because it does in fact occur.
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1 January 2025 | 32 replies
USPS specifically forbade from doing anything like this years ago.
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2 January 2025 | 32 replies
If, however, you are not specifically looking for me to be nice and would like me to be honest instead, I'll say that using tools like your app completely misses the point and should be avoided, outside of as a teaching tool.
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29 December 2024 | 30 replies
Cleveland, Ohio is a great market to focus on for cash flow and specific pockets have gone up 2x and upwards of 4x in the last 5-10 years even!
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23 January 2025 | 30 replies
Where specifically in Indiana has anything been built?
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29 December 2024 | 11 replies
- Are there specific tools, resources, or methods you use to simplify the regulation process?
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3 January 2025 | 7 replies
Deals are location and market specific.2.