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18 January 2025 | 8 replies
Quote from @Ogonna Odo: Small ones will not, they typically like cash or checks.
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16 January 2025 | 0 replies
I typically focus on off-market deals, so I didn’t work with an agent to find this property.
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27 January 2025 | 10 replies
This is typically for most people not a DIY project.
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14 January 2025 | 5 replies
If this is the case then typically you only have to comply when you make alterations.2.
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10 January 2025 | 20 replies
I’ve been thinking DSCR but don’t they typically have higher down payments and closing costs?
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15 January 2025 | 1 reply
While these vendors are typically reputable and skilled, you might not get the best price compared to shopping around directly.
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23 January 2025 | 5 replies
The typical income from a free and clear rental would probably be $800-1500/month - and on a financed rental probably $300/month on a good day in today’s market.
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1 February 2025 | 14 replies
I’m excited to take my first steps into real estate investing and have decided to focus on Pittsburgh for my first property.I’d love to hear your thoughts on:*Neighborhoods or areas in Pittsburgh that are good for investment and typical price ranges I should expect.
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22 January 2025 | 10 replies
If so is there a typical investor profile?
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10 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.