
26 November 2024 | 9 replies
Worst case is I can still rent them as furnished room rentals, or rent the whole house as a furnished rental Check your regulations before you give up.

26 November 2024 | 5 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.

25 November 2024 | 36 replies
I'll definitely check it out.

25 November 2024 | 5 replies
Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

24 November 2024 | 27 replies
It doesn't sound like a lot, but I do NOTHING except cash the check.

22 November 2024 | 15 replies
Thanks @Abel Curiel for the data on multifamily properties and markets.

27 November 2024 | 8 replies
Allows you to get out of landlord responsibilities, and keeps a steady check coming in each month like rent does.

25 November 2024 | 11 replies
You can also check their reviews online at Google, Facebook, or Yelp.

24 November 2024 | 11 replies
Thought I’d check since you have a lot of insight and experience.

26 November 2024 | 9 replies
Check the roof.The dining room cracks may also be coming from the same roof leak if the bedroom is over the dining room.