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27 January 2025 | 11 replies
He even chatted with me through this forum (Bigger Pockets) and was very encouraging that you can even do it just with free stuff out there.
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23 January 2025 | 5 replies
@Pamela Rivas Thanks for sharing this.
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17 January 2025 | 0 replies
My goal is to find off-market opportunities and present quality leads that fit the needs of active investors.Since I’m working remotely, I’d love to hear from experienced investors:What makes a remote bird-dogging service most valuable to you?
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29 January 2025 | 8 replies
This is the case in a few states.
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30 January 2025 | 8 replies
Welcome Alana, you will find a lot of helpful people on this platform.
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4 February 2025 | 7 replies
Quote from @Joshua Alcantara: Quote from @Peter Walther: I've found many properties with title issues wind up with unpaid property taxes so checking on delinquent taxes, tax deed sales and lands available for taxes might help you identify some.Thanks, Peter, for the info!
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20 January 2025 | 1 reply
Since you have verified this couple owns the property, you are good there.
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11 February 2025 | 5 replies
Have you considered renting it out for weddings as a wedding venue?
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11 February 2025 | 10 replies
Also, the transunion credit and background check is almost $50 per person.
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10 February 2025 | 16 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.