20 December 2024 | 2 replies
I can come up with only about a third of the required down payment.

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.

16 December 2024 | 17 replies
But, it's a unique strategy that requires more knowledge than expected.

18 December 2024 | 4 replies
Just looking at their website, there is no useful or helpful information that a sophisticated investor would normally require (to even give them a chance of being considered).

13 December 2024 | 7 replies
For tax purposes, it’s about whether you pass the 750-hour rule, the 50% rule, and meet the material participation requirements.

20 December 2024 | 5 replies
Their strategy focused on targeting traveling nurses, a niche market with reliable demand.As for repeating the process in the same city, it's doable but requires careful planning.

18 December 2024 | 6 replies
They usually require experience and they are lots of docs needed from architect drawings to a lot of permitting.

17 December 2024 | 8 replies
If you only have to resand the flooring and it's cheaper, maybe go with that instead,JC township will definitely require permits for plumbing, electrical, gas lines.

17 December 2024 | 2 replies
As far as capital, most investment loans would require you to do 20-25% on a SFH.

17 December 2024 | 86 replies
This would allow me to save money compared to paying cash or the huge Down-payment DSCR loans require.