This allocation should be based on the fair market value of each component, typically determined through an appraisal or the values agreed upon in the purchase agreement.

Investment also spiked in Class A Short-Term Rentals (STR) and investors started paying higher and higher prices based upon anticipated STR rental rates, that exceeded sustainability based upon Long-Term Rental rates (LTR).

When I purchased it I simply based my offer on the numbers that made it work using the BP Calculator.

In my opinion, once you know the rates for a specific deal, the best practice is to underwrite base on the upper threshold of the range for similar deals to be conservative.

View report*This link comes directly from our calculators, based on information input by the member who posted.How can I get this to Cashflow?

Steven, I wanted to get your thoughts on a few Philadelphia suburbs based on my buy box.

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).

Based on your post;1.

I regularly listen to 2 BP podcasts and am reading about real estate investing right now.

I've been studying different real estate strategies and would love to understand more about how the permitting process is evolving in that area.Did the realtor mention any specific changes in local ordinances, or was it more of a general observation based on market trends?