Hello @Joe Crupi, nice to meet you.

A lot of lenders used to apply 35% for expenses, but in the last several years, the numbers for supplies, labor, utilities, taxes, etc… have increased significantly.Also take into account the age, occupancy and how has the property been maintained, this will affect the expenses too

@Joe Mathew finding deals is the hardest part, glad you found a good property!

Originally posted by @Joe Splitrock:Originally posted by @Royce Kemp:I would be interested in filling a lawsuit.

Quote from @Joshua Janus: Quote from @Joe Villeneuve: Quote from @Joshua Janus: Quote from @Jen Anderson: Hi,I have some rental properties and I'm getting 5-6 calls a day soliciting me for an off-market deal to buy my property.

I remember when I first got on BP  Joe Gore claimed I had never done a loan or any RE deals  LOL..

For the 10 year period spanning November 2014-2024, single-family prices in Austin nearly doubled, yielding an annualized appreciation rate of ~9% in that period.With inflation nearing its 2% target and signs of a slowing labor market, The Federal Reserve recently made its third cut to the federal funds rate since the start of the COVID pandemic.

I wouldn't pay them anything upfront...I recommend you always pay for labor AFTER the work is done.

Dont chase yield and don’t try brrs until have owned a few with tested contacts for labor. 

Quote from @Joe Hammel: I’m pretty sure Zillow has a policy where they remove old photos, but I haven’t figured out the rhyme or reason for where and why they do it.Detroit is pretty block to block.