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25 November 2024 | 2 replies
The Feds won't be able to increase the Interest rate, because the US debt level has gotten so high and banks are still under stress with low prior loan rates, but high interest costs.
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20 November 2024 | 3 replies
I have a question about how often I should follow up with a warm/hot lead.
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25 November 2024 | 12 replies
One that can send a message with the seller information included in the message (Seller Name, Property etc) There are many platforms such as REIreply , Batchleads, Launch Control , Smarter Contacts , Lead Sherpa etc.
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27 November 2024 | 10 replies
I purchased it with a HELOC so higher interest debt until I can cash out refi.
26 November 2024 | 3 replies
They may have access to leads who are interested in selling their property at a low price just to get rid of it.9.
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28 November 2024 | 8 replies
I will say this short term sacrifice can lead to major long term gains.
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9 December 2024 | 98 replies
The Greek government debt crisis.
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26 November 2024 | 2 replies
By staying informed about market trends and historical data, we can make informed decisions that lead to maximum gains.Analyzing historical patterns is key to understanding the real estate market's behavior.
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26 November 2024 | 12 replies
Make sure you have enough equity to move forward and also you have to be below 50% debt to ratio income.
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26 November 2024 | 5 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.