Shannon Vistisen
Purchase the LLC or the property alone
18 January 2025 | 5 replies
I would definitely check Dunn and Bradstreet for any open lines of credit, liens, judgements and the like.
Joshua Houchins
Accounting Software?
9 January 2025 | 16 replies
If you send me your wish list, I can guide you in the right direction.
Karen Cano
Rentals in Delavan, Wisconsin
24 January 2025 | 8 replies
Delevan is a market where you will have to look at surrounding markets like Janesville, Elkhorn, and Darien to get your comps and rent information.
Henry Jay
New to Investing in Real-estate
14 January 2025 | 3 replies
Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).
Noyessie Hubert
Tenant not paid rent, step for eviction
24 January 2025 | 3 replies
.- still did not receive the check from the NJ Victims of Crimes office.At this point, I want to file for eviction at the end of the month if she delays the event by 1 day to pay her entire rent ( January and February).My question to you professional is, should I inform her of that decision in advance?
Zachary Young
Where To Buy My First Rental Property
24 January 2025 | 55 replies
Hi Zachary, I personally recommend checking the Columbus OH market.
Robby Sanchez
Communication within the GP team
24 January 2025 | 2 replies
For me, weekly check-ins and just being real with my team—like saying, “Hey, I’m not sure, let me check on that”—have saved so many situations.
Nicholas Nakamura
Investing in Ohio-Specifically Section 8
5 January 2025 | 33 replies
The guide should help you out in that respect.
Milena Garcia
Current listing with not enough showings
17 January 2025 | 13 replies
This will give you one critical piece of information, that it may take X days to get an offer and sell, and the second item will give you what your competition is right now.
Justin Jefferson
Can someone guide me through the first step of analysis
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.