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11 February 2025 | 8 replies
Yes, last year and that’s all over with now.
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5 January 2025 | 24 replies
The last polling I saw showed that the large spending by the aids health foundation was working.
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19 January 2025 | 5 replies
@Patrick Braswell Got it. just didn't want you to spend all the time working with your family members if the bank won't approve a HEL.
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8 February 2025 | 13 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.
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8 February 2025 | 10 replies
I’ve never had a realtor go over one of my inspection reports with me.
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23 January 2025 | 5 replies
Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.
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9 February 2025 | 4 replies
Tenant gets their deposit back when their lease is officially/legally over.
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14 January 2025 | 2 replies
How would you recommend, or what resources would you refer for us to properly figure out how we spend our time and appropriately get compensated for it?
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7 February 2025 | 11 replies
Living in a camper van for 3 years while working remotely is impressive — that kind of adaptability definitely carries over to real estate.
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8 February 2025 | 2 replies
(I do much better than that because I buy correctly and I don't "over do" the remodel)6) Remember, you make your profit when you buy (buy wisely)7) Flipping: Is it Fun?