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Results (10,000+)
Heather Bailey Insuring your House Hack
13 January 2025 | 6 replies
I started planning to move to my next property and my company decided they wouldn't cover me anymore once I left
Ivan Castanon I need to change strategies. What should I do?
3 February 2025 | 47 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.
Devin James How the market has shifted in just a few years
1 January 2025 | 6 replies
Combine that with America’s housing shortage, and the solution becomes clear:We need to build more homes that align with what buyers can afford.
John Gillick 1031 leverage question on partial sale
15 January 2025 | 11 replies
It has ~$580k left on the 3.25% mortgage.  
Emira K. How to calculate recast?
7 January 2025 | 2 replies
My original loan amount is $323K, balance left $319K at 7% and 28 yrs and 8 months left.
Rebecca Cho Excited (and Nervous!) to Start Our Real Estate Investment Journey
13 January 2025 | 25 replies
The combination of its growing tech & healthcare sector, long-term resilience to climate change, and relative affordability makes it an interesting place to start our real estate journey.I spent a big part of my career in hospitality real estate consulting at a Big 4 firm, but I left to explore new opportunities and decided it was finally time to take the leap into real estate investing.
Colleen A Levitt DSCR out of a DSCR?
9 January 2025 | 15 replies
Lenders typically look for a DSCR of at least 1.25, meaning your monthly rent should cover the loan payment plus 25% more.Seasoning: Some lenders may require a waiting period of 6 months or more before refinancing, so check with your lender to see if this is an issue.If the numbers align, refinancing could allow you to recoup your $136k investment without selling.
Bob Avery Understanding BP Lease Fields
9 January 2025 | 3 replies
For (C) (ii), if parking spaces are "0", is "Identified as _____ and containing _____ parking spaces" left blank?
Nate McCarthy How to extract equity from turning basement into rental unit on paid-for house?
10 January 2025 | 2 replies
However to save money when she had the house built, she left the basement unfinished--it is just studs, insulation, and windows/doors, plus plumbing in the foundation.
Francis Van Steen Anyone have experience working with Praxis Capitol
31 December 2024 | 14 replies
And considering I think a person who puts in plain black and white that integrity and character of the operator are key -- and then does something underhanded and incompetent is just mind-boggling to consider -- so I'm only left with a negative feeling about the documents these darned attorneys dream up!