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31 January 2025 | 8 replies
I believe having the app will be crucial in bolstering social engagement, particularly with checking messages and responding.
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5 February 2025 | 15 replies
With the 25% I charge I'm not expecting you to lift a finger, just collect a check.
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25 January 2025 | 3 replies
Depends on the town’s rules, though, so check that first.Renovation Loophole: Some places let you raise rents or get out of rent control if you do big renovations.
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1 February 2025 | 2 replies
Check out the copy & paste info below.
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25 January 2025 | 1 reply
Ask your employer if you can have your pay split up into three deposits, one to investments savings, one to your checking account for personal use on a daily basis, and one to an emergency account you can tap into so you don't have to tap into your investment savings.
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20 February 2025 | 9 replies
If you can get through this rough patch and the #s work, you could see your property's value double from the original purchase price in a few years.Lastly, I'd check out the Sell vs.
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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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9 February 2025 | 36 replies
Check out Brian's book The Hands-off Investor on sale THIS WEEKEND for Black Friday.
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11 February 2025 | 5 replies
Also, check for prepayment penalties or clauses that could cause issues.
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29 January 2025 | 6 replies
Not much there yet but there’s a gigantic project in the workshttps://www.mesadelsolnm.com/mediaOk, I'll have to check it out thanks !