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20 January 2025 | 37 replies
That's much further than most ever get.Have you read Coach Carson's book, The Small and Mighty Investor?
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10 January 2025 | 6 replies
I work 40 hours a week usually from 4pm -12am.
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5 February 2025 | 1 reply
If you could shadow someone a little this would be better than any book.
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8 February 2025 | 13 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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17 January 2025 | 6 replies
Refrigerators aren’t typically expected in Texas single-family rentals, and it may be the same in Georgia.For other appliances, buying new is usually the better choice.
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12 February 2025 | 16 replies
Would be more than happy to see how I can help
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16 January 2025 | 3 replies
There are 9 x buyers for owner occupied houses than there are investor buyers.
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12 February 2025 | 6 replies
We value building deeper relationships with investors with whom we align perfectly rather than having superficial relationships with everyone who wants to buy.
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18 January 2025 | 10 replies
Also for a BRRRR in general to create enough equity to refinance out your money and create a cash-flowing rental you usually need to start with a VERY distressed property and do a significant rehab.