Excited to learn and connect with you all!

My goal is to learn as much as I possibly can and connect with experienced investors along the way.If there are any local meetups or networking events, I’d love to hear about them!

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.

@Anita Z.I recommend finding an accountant who specializes in real estate taxation, tax planning and financial planning.

Hi David learn what you need here on BP.  

I can also be a resource for you if you're interested in acquiring run-down or as-is properties.I look forward to connecting with you and learning more about your real estate goals.

Flipping homes in San Diego has been an incredible journey, and over the years, we’ve learned a lot about what works—and what doesn’t—in this market.

It would help if you could be a little more specific about what you want to learn.1.

I let both of those properties just go for tax's I tired of the BS..

Some private lenders like the one I work with doesn't require appraisals on fix and flip/new construction loans and also doesn't require tax returns/W2s.