![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2250205/small_1649989455-avatar-walderj.jpg?twic=v1/output=image&v=2)
5 February 2025 | 5 replies
Not sure if they have upgraded to desktop appraisals but if they are still doing in person appraisals , make sure you get everything (scope of work, good faith deposit, social, LLC docs, insurance, proof of prior experience, financial statements) in ASAP.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2488950/small_1665462845-avatar-jaredh244.jpg?twic=v1/output=image&v=2)
17 January 2025 | 7 replies
I’d love your input on whether this deal could appeal to investors and how best to structure it.Property Details:Worth: ~$300,000HOA: $273/month, Taxes/Insurance: ~$170/monthCurrent Rent: $1,880/month (long-term); next tenant advertised at $1,950/month.Mid-term rental potential: ~$2,400/month (I haven’t tried this, but it’s my estimate).My Financing Idea:Large down payment: ~$125,000 (This is my priority to reinvest elsewhere).Seller-financed balance: ~$175,000 at 4.25% for 30 years.Buyers take over taxes, insurance, and HOA.Questions:1.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2824770/small_1694690252-avatar-christinag127.jpg?twic=v1/output=image&v=2)
24 January 2025 | 5 replies
Maintain - includes taxes and insurance?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2206374/small_1737245656-avatar-jasonb1040.jpg?twic=v1/output=image&v=2)
27 January 2025 | 9 replies
If I paid cash for this property, the HOA + Insurance + taxes is around $500 / month.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3174761/small_1738054471-avatar-jeffreyb362.jpg?twic=v1/output=image&v=2)
27 January 2025 | 7 replies
. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2571864/small_1733422236-avatar-anthonys817.jpg?twic=v1/output=image&v=2)
23 January 2025 | 14 replies
You didn't mention the higher Florida insurance costs.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3175019/small_1737933086-avatar-davidy250.jpg?twic=v1/output=image&v=2)
29 January 2025 | 12 replies
Consider whether an LLC is right for you—it can provide liability protection but isn’t essential for a single property, as personal liability insurance and an umbrella policy may suffice.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/523854/small_1621481292-avatar-david_ivy.jpg?twic=v1/output=image&v=2)
18 January 2025 | 1 reply
With an 8% mortgage rate, they would pay more than $650k in interest.One major problem for both buyers and owners beyond mortgage rates is the rising cost of property tax and insurance.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2001195/small_1737680533-avatar-ggreen1980.jpg?twic=v1/output=image&v=2)
25 January 2025 | 1 reply
[1] You might want to think about opening 2 FDIC insured savings accounts that have no fees.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3174460/small_1737820470-avatar-carsonh45.jpg?twic=v1/output=image&v=2)
1 February 2025 | 1 reply
Let's assume your expenses (mortgage, taxes, insurance, maintenance, vacancy, etc.) comes to a clean $600 and the property rents for $1,000.