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.

Where these numbers are found, there is a very high rate of rent actually being paid.Here is a video where I analyze a property in the Detroit area if you/anyone is curious.

Not true of all lenders but you may get better rates and terms as you gain experience.

., interest rate, payment structure, balloon payment timeline, etc.)

I don't know your specific market all that well but have you done some analysis on your ADR during the high season X your high season occupancy rate and determined whether taking lower priced slow season bookings vs letting your property stay vacant during the winter averages out in your favor?

The success rate will hinge largely on location, type of property, and cost of property.

Hi, i was wondering if anyone invested in new london and what the numbers are thererent for 1,2,3, bedrooms and what do you use for vacancy rate?

Dynamic pricing tools like PriceLabs or Beyond Pricing can help boost your revenue by adjusting rates based on demand.

Just keep in mind that it's not all about rate and fees - there is a considerable knowledge and expertise component that should be considered as well.

Keep in mind that rates does not fully translate everything.