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Results (10,000+)
Ivan Castanon I need to change strategies. What should I do?
31 January 2025 | 43 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.
Steve Englehart Cashing out IRA to buy rental properties.
29 January 2025 | 47 replies
A total of 2% return for as long as it takes you to double your money. 
Mitch Davidson New STR Restrictions Coming for the Asheville Area
17 January 2025 | 40 replies
Buncombe County's current proposal says once the application window opens you'll be able to obtain a zoning variance, which will permit you to STR the home, and will be transferable to future owners of the home, so long as you can show some evidence that you've STR'd the property for at least 2 consecutive days in the last 180 days.
Adam Mayberry AHJ are closed for the week, Ask me Anything about ADUs and SB9
26 December 2024 | 13 replies
@Erin Colbert You would need to be living somewhere, and you would need to sign the deed restriction.You can live on the couch and rent out all the rooms in all the ADUs and JADUs you wanted - as long as you sign the Deed Restriction for owner occupancy, as well as that would go along with the sale, so you could not sell to investor just renting out the house
Mustafa Shaikh RAD Diversified Review — It Wasn't Pretty
19 January 2025 | 147 replies
These executives receive no salary or other employment benefits from RAD Management but “will realize growth as owners/members” of the firm, according to the document.Under RAD Diversified’s registration with the SEC, any investor — not just “accredited” ones with high net worths — can buy shares, as long as the investment doesn’t exceed 10% of their incomes.
Marc Shin refrigerator water dispenser is not working
2 January 2025 | 25 replies
As with an STR, so long as you set and document clear expections, it is on the guest or tenant to proceed accordingly. 
Matt Weddon Legally Rejecting Applications
2 January 2025 | 18 replies
@Matt WeddonLegally, you’re covered as long as you stick to objective, non-discriminatory reasons for rejecting someone (things like personality or ‘vibes’ don’t cut it in Fair Housing law).
Zach Howard Class C: Personal loan for 200k, should I use it for multiple down payments, or...?
9 January 2025 | 44 replies
As long as I don't lose my job and don't have any major financial surprises, repaying this loan is not a problem.
Paige Halamicek Buying land with a mobile home but want to sell mobile home
25 December 2024 | 4 replies
They will let you sell the trailer as long as the cash flows back thru them.  
Tiffy W. Do you suggest renting PO Box to collect rent?
1 January 2025 | 32 replies
They can pay by whatever means the bank will accept - as long as it shows up in the account, I don't care!