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.

“Go check it out” she said.

Many traditional banks won’t touch them, and even DSCR lenders will avoid them if the build out is done prior the securing long term debt. 

If you need assistance, please reach out and I can connect you with a realtor who really knows the area, regulations, etc. 

I would clear that out if you sell, keep a little to "stage" it.

It will update your database weekly and clear out sold properties and much more.For follow up and appointment setting, I’m biased as I’m he owner, but hands down, RiverX AI has been a game changer for us and our clients.

Refinanced in 2023 and cashed out $40,000 to reinvest○ Address -  Mount Laurel NJ. 05054○ Managed by a property manager.○ Purchase Date - 10-15-2020○ Purchase Price - $230,000○ Original CoC 4.8%○ Current CoC 15.04%○ Current Value - $400,000How did you finance this deal?

We have two properties in SLC area and manage from out of state.

Two ways out in case of a fire is a must.  

Just stay out of the higher crime areas of Memphis.