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.

Higher-quality areas attract tenants who are more reliable and tend to take better care of the property.

Evict the tenant for non payment of rent.

Have never missed a payment to investors.

With down payments, improvements, commissions, title work, holding costs etc....

We've done demos with all of the big name PMS options and are finding big gaps with all of them, mostly when it comes to payment processing.

This will affect things like required down payment, rates, and even which lending institutions would be willing to finance. i encourage you to look up warrantability for financing just so that you don't have surprisses when your 20% down buyer cannot finance that way.

I don't think US based banks are allowed to accept any foreign currency as is (deposits, payment).

All channels can work, but some do pan out more reliably than others over the long haul.You’re prety likely eager to free up that mortgage.. and who could blame you?

Hi Jayce, we got the seller to carry back the portion of the down payment and the bank to finance the 1st position on the rest.