Mike Terry
Help Evaluating a small multifamily
18 January 2025 | 12 replies
I estimated capex at 10% which I think is low considering the deferred maintenance, 10% property management, 8 percent vacancy.
Chris Core
Everything needed to start, can't find a cash flowing property.
7 February 2025 | 11 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.
Brendan M Hornung
Sub-To Tax Advice Needed
4 February 2025 | 9 replies
True, converting a personal Schedule E to a partnership will indeed reduce your IRS audit chances, statistically speaking.
Tony Schmucker
New Investor Seeking Advice on Relocating and House Hacking
5 February 2025 | 28 replies
I’d estimate it to fall between $200k and $400k.
Joe Crabb
Has anyone ever used Capital Three Sixty?
15 January 2025 | 6 replies
I have my second flip under contract and I decided to give Capital 360 a chance to finance this one.
Penny Wilkinson
Looking to sell a duplex but having trouble determining value
16 January 2025 | 15 replies
Income approach Also known as the rental income approach, this method estimates the market value by analyzing the property's anticipated future income and converting it to a present value estimate.
Lorraine Hadden
Is There Such A Thing As Too Much Curb Appeal?
18 January 2025 | 4 replies
A clean, neutral-looking curb gives prospective homebuyers a chance to visualize their own additions/upgrades.
Frank Pyle
Seeking Advice on Financing an Airbnb/Short-Term Rental
12 January 2025 | 10 replies
With out that, there is no proof that it will perform.Do you have a full estimate and plan for 3 years on the property?
Tiamo Wright
Why is Zillow so bad?
21 January 2025 | 5 replies
Estimates on the homes value are often completely wrong.
Isaiah Cortez
Exploring the Ft. Lauderdale STR Market
21 January 2025 | 4 replies
When running your numbers, if purchasing a home that isn't new construction and less than $1MM, I would estimate 1% - 1.2% of the purchase price as your annual insurance premium.