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Results (10,000+)
Randall King Sell or hold?
23 December 2024 | 7 replies
i.e. longer than normal vacancy, bad tenant screening, poor maintenance, skipped rent payments, etc.There could be a handful of reasons why it lost it's ability to cash flow.
Rene Hosman Have you tried tools that report your tenants rent to credit bureaus?
20 December 2024 | 12 replies
It's still early but we're expecting tenants to use the service for 9-18 months, and about 45% to also order the extra reporting of their previous rent payments which costs ~$20-25.
Robert Nelson Pros and cons of a condo for your first investment property ?
23 December 2024 | 7 replies
This could increase interest rate and or down payment.2.
Justin Jefferson Can someone guide me through the first step of analysis
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.
Efrain Flores Deciding the Future of My First Property
20 December 2024 | 6 replies
Quote from @Efrain Flores: Quote from @Tim Delaney: Based on rent of $1500-1600 and mortgage payment of $1700-1800 which doesn’t even include maintenance, management or capex it doesn’t seem to make any sense to keep it as a rental.
Kevin Zmick Having Trouble Renting Unit in First Property
19 December 2024 | 22 replies
Realtors listing is a great way to market it, Facebook is also an underutilized method.
John Underwood Why an LLC may not protect you from a Lawsuit
19 December 2024 | 50 replies
So, some food for thought.Trusts seem to be the preferred method of liability and asset protection among the wealthy.  
Michael Plaks DEBUNKED: EOY tax planning "tips and loopholes"
23 December 2024 | 12 replies
This has to do mainly with the timing of property tax payments for your own home (not for your investment properties) and your charitable donations.
Michael Perrotti Heloc or Refi for debt & New Home Purchase
19 December 2024 | 6 replies
A HELOC could help temporarily if you plan to payoff the balance quickly and are planning to save on monthly payments in the short term.  
Brandon VanTuinen First house hack - too expensive?
20 December 2024 | 9 replies
I would keep the property and eventually refi to help get your payment down lower.