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.

The drop reflects broader national trends of economic recovery and increased stability in the housing market over the past decade.."2010.

Well, a lot of life happened and now I am getting back to zero no debt and I'll be renting for now and I am considering a duplex to buy cash or maybe land and some sort of unconventional home but still purchasing cash.

Too much bad debt 😅 kind of a joke3.

I think your goal of getting your first RE investment for around $50k is doable as long as you plan to leverage debt (Loan). 

No, I'm not in there day-2-day at all, but I am at national HQ in a Senior role so I do see there reports and #'s, there not struggling at all.

I’ve taken care of all my debt and am pre-approved for roughly $220,000.

Eliminate debt, establish a budget, and save.

The national western stock show is going on now through 1/26 so you still have time 😅Whether you go for the food, shopping, rodeo viewing, pony rides, dog shows, or the intense bull riding…there really is something for everyone.

Does anyone have a recommendation of a national collection agency that is effective?