
18 December 2024 | 1 reply
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

17 December 2024 | 6 replies
I recommend looking outside your area and review who fits your profile the best.

23 December 2024 | 15 replies
I would recommend looking through in DSCR loans.

14 January 2025 | 329 replies
But then spoke with another lawyer who recommended that I NOT proceed with eviction if my tenant does not move out at the end of the 60 days because the 60 day notice is ineffective.

19 December 2024 | 5 replies
So I am posting hoping for any further advice or recommendations that could help me avoid pitfalls or avoid wasting time.

19 December 2024 | 1 reply
Title work Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

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.

19 December 2024 | 12 replies
I’m self managing myself but the tax side of it is a little confusing to me but I’m recording everything involved as far as maintenance, traveling, expenses etc. just want to know what some people would do in my situation or what to I can benefit from come tax season @Angelo LlamasI recommend that you find a real estate accountant to help you understand and prepare your taxes.Bigger Pockets is a great place to find a real estate tax accountant.

20 December 2024 | 2 replies
Buyer-paid real estate agent commission (Yes, I recommend buyers have their own buyer's agents.

19 December 2024 | 4 replies
If so, any recommendations on brokers that would be willing to partner on something like this?