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24 December 2024 | 5 replies
@David C. is absolutely correct.
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12 January 2025 | 54 replies
. #3: onshoring base-line manufacturing (a) creates more employment opportunities for both skilled and unskilled labor (b) creates more employment opportunities of jobs that elevate and train unskilled too skilled labor (c) raises base-line wages and benefits via competition for unskilled labor (d) elevates the entire economic chain via more domestic circulation of $ and (e) less exporting of USD #4: stopping illegal immigration defends and protects legal immigration.
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12 December 2024 | 3 replies
If we are talking rental properties, then I completely agree with B, C, and D that he mentions.
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27 December 2024 | 19 replies
There is a space for C and in some cases even D class tenants. 3.
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24 December 2024 | 5 replies
Remove those and the Net S8 Rent will be market rent.Typically, the only way to get more than market rent is by buying in Class D areas and hoping a S8 tenant will live there instead of a Class C area.Keep in Mind: TENANTS QUALIFY FOR SECTION 8 FOR A REASON!
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19 December 2024 | 5 replies
Not much in our experience/opinion.You mentioned that the seller has Class B and C properties.
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20 December 2024 | 3 replies
A window A/C might keep it comfortable, but it often doesn’t meet the standard for counting it as fully finished square footage.
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22 December 2024 | 7 replies
Do not buy for appreciation in class C neighborhoodsAfter many conversations with successful investors and my own experience, successful investors focus on the following:1.
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22 January 2025 | 203 replies
Some violent, some not, still too much crime no matter what goes on in Detroit, Baltimore, D,C., Philadelphia and so on.
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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.