Artney Stewart
Buy box criteria
7 February 2025 | 8 replies
You will need to narrow down the zip code or street a little more based on where you decide to purchase, but this gives you a good start.
Ella Marie
New and ready to learn hands on
4 February 2025 | 10 replies
Hi Ella, welcome aboard,Your post about your real estate ambitions, encompassing the purchase, renovation, and sale of properties, as well as the ownership of Airbnb rentals, is indeed an exciting endeavor.
Sean Spagnola
Buy a portfolio or build my own?
6 February 2025 | 5 replies
With those in mind, would a portfolio purchase get you there quicker, maybe.
Trace P.
Thought about Oil heating in properties?
1 February 2025 | 5 replies
Most propane suppliers will offer a discount if you purchase your own tanks outright, I save around $1.00 per gallon.
John Friendas
Curbside Auction House Not Like Listing
6 January 2025 | 7 replies
They also claim it has 6 beds and 5 baths.
Joe Michaels
What happens after 27.5 years with major improvements, can you still deduct?
6 February 2025 | 12 replies
Your original purchase is depreciated over 27.5 years.
Robert Brooks
First remodel Buy & Hold SFR
5 February 2025 | 1 reply
Purchase price: $175,000 Cash invested: $35,000Buyout property that needed significant upgrades to bring to rental market in 2022.
Chris Core
Everything needed to start, can't find a cash flowing property.
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.
Sofiya Cherni
Montgomery County, MD non-refundable pet fee change start date
28 January 2025 | 11 replies
Most of my landlords either don't accept pets at all or are super pet-friendly so pet rent has never been something we have charged.
Troy F.
Does anyone use VRBO or Airbnb dynamic pricing?
9 January 2025 | 15 replies
Any pricing-related tool offered by the OTA itself (think of VRBO, booking etc) is there to ensure you are getting heads in beds at any rate possible, just to ensure they are getting paid.