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Results (10,000+)
Rahul Sivaswamy How to budget for Lease renewals and Tenant replacement
13 October 2024 | 3 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.
Sven Zimmermann New to real estate and eager go get started
14 October 2024 | 10 replies
This is why we analyze hundreds of deals but typically move forward with further research on fewer than 10.Be Mindful of Leverage: A lot of the risk in real estate comes from borrowing, not the asset itself.
Timothy Hicks Land Acquisition and Entitlements Financing Equity Partner
13 October 2024 | 9 replies
Typically an investor will not get into that type of deal unless they get significant upside as there is a chance the entitlement does not work and all that $ ends up going to $0.
Karen Smith Ensuring Flexibility While Protecting Private Lender Interests
11 October 2024 | 7 replies
How do you typically evaluate LTV ratios when deciding on funding, and do you have a specific comfort zone in terms of percentage or property type that you prefer to stay within?
Anastasia Rodriguez Any advice on rules or partner deals for MTR in Chicago?
13 October 2024 | 19 replies
The values they have and the way they treat people (you) matters over the years, even more than the investment typically
Abhishek Singhal Property manager refusing to provide receipts of repair
12 October 2024 | 15 replies
Typically ranges from $250-1,000; most require $500.
Deja Fouts Hello biggerpockets community
12 October 2024 | 2 replies
Looking to start buying single family homes as typical rentals. 
Ryan Rabbitt Employer does not match 401k - should I invest?
14 October 2024 | 24 replies
Typically in company's 401K plan, there's a large-cap index fund option that more or less tracks SP500's performance.
Sylvia Castellanos What costs do I have to deduct from what I am paid for a property?
14 October 2024 | 19 replies
Typically, if they do not file such claims within 1 year, then the transaction is final and the title insurance company will issue a policy. 
Victor Steffen What's the deal with Forney Texas?
12 October 2024 | 6 replies
New or recent construction SFHs in the metroplex are typically selling at a .5% rent:price ratio.